June 17, 2024


The value of truth

Lightyear adds Koenigsegg as trader and lover

3 min read

Photo voltaic EV producer Lightyear has announced Swedish superior-overall performance sports activities car or truck company Koenigsegg as its latest investor. Also, the latter will be a part of Lightyear in a “technology-sharing partnership” in which both equally automakers will share proprietary and patented details to establish extremely-successful motor vehicles like the upcoming Lightyear 2.

Lightyear is a Dutch solar EV startup that has gotten a great deal of coverage on Electrek around the decades. Most recently, we had the prospect to examination-push the in close proximity to production-prepared Lightyear , the automaker’s flagship SEV that will see a constrained creation operate of 946 units this tumble.

Koenigsegg has a a little lengthier record if manufacturing autos compared to Lightyear, but the hypercar developer has been in the recreation really a bit for a longer period way too. The automaker’s initial avenue-lawful generation motor vehicle debuted back again in 2002, back when the Lightyear cofounders were being all most likely in middle college.

Related to Lightyear, Koenigsegg develops and makes many of the main techniques, subsystems, and components employed in its vehicles in-property. Additionally, it has been adapting this strategy towards electrification in modern a long time. Specifically following providing a 20% stake in the firm to Saab successor National Electric powered Car Sweden (NEVS) in exchange for $171 million.

Because then, Koenigsegg has collaborated with Tesla tuner Unplugged Functionality, whilst it continues to create its very own all-electric powered hypercars. Now, thanks to a new investment decision in Lightyear, Koenigsegg will search to swap notepads with the solar EV corporation so they can co-create new EV technologies.

The Lightyear / Credit history: Scooter Doll

Lightyear and Koenigsegg crew up to push motor vehicle performance

Lightyear shared the news of its hottest expense and partnership in a press launch this morning, sharing responses from both teams, as very well as some of their designs for the long term. To what extent Koenigsegg is investing in Lightyear has not been disclosed at this place.

In accordance to Lightyear, Koenigsegg’s technologies will be utilised to increase the vitality performance of the Lightyear 2 – Lightyear’s much more inexpensive and mass-made SEV model slated to enter production in late 2024 or early 2025. Lightyear cofounder and CEO Lex Hoefsloot spoke to what it implies to have a business like Koenigsegg in its corner:

Koenigsegg is best of the meals chain in the discipline of high-effectiveness athletics automobiles. I’ve usually admired their mix of incredible functionality, structure, and sustainable technologies – this partnership reveals we are obviously on the appropriate observe. I’m amazingly excited to be in a position to faucet into a long time of expertise in creating and building aspirational vehicles, and appear forward to doing work carefully with Christian and his crew to push authentic improve in the field alongside one another.

Naturally, Koenigsegg CEO and founder Christian Koenigsegg shared his possess feelings on the new partnership and the current automotive business as a entire.

The automotive marketplace is going by way of a substantial changeover to sustainable gasoline and technology. Lex and his workforce have developed transformative systems, and this partnership with Lightyear will assure our solutions keep on being on the bleeding edge, which is excellent news for our clients.

We know that the two automakers will collaborate to further more streamline the performance of the upcoming Lightyear 2, but not a great deal else at this stage. Even now, it is fascinating to see two fairly smaller EV automakers who have been building their own remarkable technologies independently, teaming up to force the functionality envelope even further more. We’re enthusiastic to see what might appear of it.

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