Atlas Technologies, the operating company responsible for the production of the Lightyear solar cars, has now been declared insolvent by a Dutch court. What will happen to the entire project is now very uncertain.
A few days ago, Lightyear had already announced the stop of production for the Lightyear 0 in order to concentrate on the Lightyear 2. The application made at that time to open suspension of payments proceedings for Atlas Technologies has now been approved by the court and an insolvency administrator has been appointed, who is now to examine how the Lightyear concept can be continued.
Lightyear regrets having to make this announcement for all employees, customers, investors and suppliers and will work closely with the curato…
Read the full article at: https://www.electrive.com/2023/01/27/lightyear-operating-company-atlas-technologies-declared-insolvent/