The news arrives on the back of a recent declaration from the company that their $265,000 halo launch model – the Lightyear 0 – would be shelved so they could focus on its mainstream successor – The Lightyear 2 – projected to be sold for $40,000. At CES we had our first glimpse of the innovative EV, but now its future is unclear after this major setback.
Lightyear's concept was revealed in 2019 and has received buy-ins from Koenigsegg Motors and even Dutch government investors. It promises to revolutionize the EV segment with its combination of plug-in battery, efficient aero and solar panels allowing it to travel up to 500 miles (WLPT measurement) based on a charge. Production of it was intended for 2025.
Lightyear 0
Atlas Technologies B.V., parent company of Lightyear's intellectual property has been declared bankrupt leaving its future uncertain. In response, Lightyear expressed their regret “for all employees, customers, investors and suppliers” and said they will work closely with those involved “hoping for their understanding and support". A trustee - Mr R van Oeijen - has been assigned with focus on employees' position & creditors as well as assessing how their concept can continue.
New investment or IP sell-off may secure the development & production of this innovative idea's continuation - however only time will tell if it survives this major setback.
Source: CarBuzz
