Dutch startup begins production of world’s first solar car via drivingdotca NewVehicles LuxuryVehicles ElectricVehicles
Cars powered by the sun have struggled to make it beyond the prototype stage because of the large area solar panels require. Fundraising in the early days was a challenge, as investors were reluctant to put their money into a new concept, Hoefsloot said.
“Right now, we’re at a much more mature” stage, adding that the majority of investments came from the Netherlands. Lightyear secured €81 million from a Dutch-led group of investors in September. The company, founded in the Netherlands in 2016, has also been developing Lightyear 2, its second high-volume model, with a starting price of around €30,000 . The Lightyear 2 is expected to go into production by 2025 and has reservations from leasing and car-sharing companies LeasePlan and MyWheels, according to the company.
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