Lightyear reboots with smaller team and fresh funding aiming at low … – Interesting Engineering

Lightyear, a Netherlands-based startup, has resumed its business as a new firm with a substantially smaller crew months after officially declaring bankruptcy but claiming to continue development of its mass-market solar EV, the company announced.

According to a press release issued today by the startup, it has completed a restructuring plan that has pleased all parties concerned, allowing it to relaunch as a totally new firm called Lightyear Technologies. Following the original declaration of bankruptcy in January, Lightyear’s parent company, Atlas Technologies Holding, followed suit today, allowing Lightyear to be reborn as the new corporation.

The restart of Lightyear was made possible by current inve…

Read the full article at: https://interestingengineering.com/transportation/lightyear-reboots-aiming-at-low-cost-evs