Lightyear adds Koenigsegg as investor and partner

Photo voltaic EV maker Lightyear has introduced Swedish large-general performance sports activities car or truck maker Koenigsegg as its most current investor. Furthermore, the latter will be part of Lightyear in a “technology-sharing partnership” in which both equally automakers will share proprietary and patented details to develop extremely-productive autos like the future Lightyear 2.

Lightyear is a Dutch photo voltaic EV startup that has gotten plenty of protection on Electrek over the yrs. Most not long ago, we had the chance to test-drive the close to creation-completely ready Lightyear , the automaker’s flagship SEV that will see a limited output run of 946 units this drop.

Koenigsegg has a a bit longer list if output motor vehicles in comparison to Lightyear, but the hypercar developer has been in the sport rather a little bit for a longer period as well. The automaker’s initially avenue-lawful output motor vehicle debuted back again in 2002, again when the Lightyear cofounders ended up all probably in middle college.

Related to Lightyear, Koenigsegg develops and produces lots of of the most important systems, subsystems, and components made use of in its cars in-dwelling. Moreover, it has been adapting this technique towards electrification in recent decades. Particularly following offering a 20% stake in the corporation to Saab successor Nationwide Electric Car Sweden (NEVS) in exchange for $171 million.

Since then, Koenigsegg has collaborated with Tesla tuner Unplugged General performance, when it continues to acquire its very own all-electric hypercars. Now, thanks to a contemporary expense in Lightyear, Koenigsegg will search to swap notepads with the photo voltaic EV firm so they can co-establish new EV technologies.

Lightyear Koenigsegg
The Lightyear / Credit: Scooter Doll

Lightyear and Koenigsegg workforce up to push car or truck performance

Lightyear shared the news of its hottest financial investment and partnership in a press launch this early morning, sharing remarks from both of those groups, as effectively as some of their programs for the long run. To what extent Koenigsegg is investing in Lightyear has not been disclosed at this stage.

According to Lightyear, Koenigsegg’s systems will be made use of to boost the vitality effectiveness of the Lightyear 2 – Lightyear’s more very affordable and mass-generated SEV product slated to enter manufacturing in late 2024 or early 2025. Lightyear cofounder and CEO Lex Hoefsloot spoke to what it suggests to have a enterprise like Koenigsegg in its corner:

Koenigsegg is top of the food items chain in the field of higher-performance sports activities autos. I’ve always admired their mix of incredible functionality, layout, and sustainable technologies – this partnership demonstrates we are plainly on the suitable track. I’m incredibly enthusiastic to be in a position to faucet into decades of encounter in building and creating aspirational automobiles, and glance ahead to operating closely with Christian and his crew to drive authentic alter in the market with each other.

Obviously, Koenigsegg CEO and founder Christian Koenigsegg shared his personal ideas on the new partnership and the present automotive marketplace as a whole.

The automotive field is going through a huge transition to sustainable fuel and technology. Lex and his staff have created transformative technologies, and this partnership with Lightyear will make certain our merchandise keep on being on the bleeding edge, which is fantastic news for our buyers.

We know that the two automakers will collaborate to additional streamline the efficiency of the future Lightyear 2, but not substantially else at this issue. Nevertheless, it is interesting to see two fairly small EV automakers who have been producing their individual fascinating systems separately, teaming up to press the efficiency envelope even more. We’re enthusiastic to see what may well appear of it.

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