Lightyear adds Koenigsegg as investor and partner

Lyle Ellerbee

Solar EV maker Lightyear has announced Swedish substantial-overall performance sporting activities car company Koenigsegg as its most current investor. Moreover, the latter will join Lightyear in a “technology-sharing partnership” in which the two automakers will share proprietary and patented info to build ultra-successful motor vehicles like the forthcoming Lightyear 2.

Lightyear is a Dutch photo voltaic EV startup that has gotten a lot of coverage on Electrek around the yrs. Most lately, we experienced the possibility to exam-drive the in close proximity to generation-ready Lightyear , the automaker’s flagship SEV that will see a restricted output operate of 946 units this slide.

Koenigsegg has a a little bit for a longer period list if output vehicles in contrast to Lightyear, but the hypercar developer has been in the recreation pretty a bit longer far too. The automaker’s to start with avenue-authorized generation car debuted back again in 2002, back again when the Lightyear cofounders were being all likely in center school.

Equivalent to Lightyear, Koenigsegg develops and creates several of the most important techniques, subsystems, and components applied in its vehicles in-house. Moreover, it has been adapting this approach towards electrification in the latest many years. Specifically soon after promoting a 20% stake in the firm to Saab successor Nationwide Electrical Car or truck Sweden (NEVS) in exchange for $171 million.

Due to the fact then, Koenigsegg has collaborated with Tesla tuner Unplugged Efficiency, even though it carries on to create its possess all-electric hypercars. Now, thanks to a fresh financial investment in Lightyear, Koenigsegg will seem to swap notepads with the photo voltaic EV corporation so they can co-develop new EV systems.

Lightyear Koenigsegg
The Lightyear / Credit score: Scooter Doll

Lightyear and Koenigsegg group up to thrust car or truck effectiveness

Lightyear shared the news of its latest expense and partnership in a push launch this morning, sharing comments from both equally groups, as effectively as some of their options for the upcoming. To what extent Koenigsegg is investing in Lightyear has not been disclosed at this issue.

According to Lightyear, Koenigsegg’s technologies will be used to enhance the vitality effectiveness of the Lightyear 2 – Lightyear’s far more economical and mass-developed SEV product slated to enter creation in late 2024 or early 2025. Lightyear cofounder and CEO Lex Hoefsloot spoke to what it indicates to have a business like Koenigsegg in its corner:

Koenigsegg is leading of the foods chain in the subject of substantial-general performance sports activities cars. I’ve normally admired their mix of remarkable effectiveness, style and design, and sustainable technological innovation – this partnership demonstrates we are plainly on the suitable observe. I’m exceptionally fired up to be able to tap into decades of working experience in designing and setting up aspirational autos, and search forward to operating closely with Christian and his group to travel real modify in the business together.

Obviously, Koenigsegg CEO and founder Christian Koenigsegg shared his possess thoughts on the new partnership and the present-day automotive sector as a full.

The automotive marketplace is heading through a huge transition to sustainable gasoline and technology. Lex and his staff have produced transformative systems, and this partnership with Lightyear will make certain our items remain on the bleeding edge, which is terrific news for our shoppers.

We know that the two automakers will collaborate to more streamline the effectiveness of the upcoming Lightyear 2, but not a lot else at this place. However, it’s thrilling to see two rather tiny EV automakers who have been establishing their possess fascinating systems separately, teaming up to push the effectiveness envelope even more. We’re fired up to see what could come of it.

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