Lightyear receives €2.5M funding through European Horizon 2020 programme
The European Innovation Council pilot is investing 2.5 million euros in solar electric car company Lightyear. The Dutch scale-up is one of 17 special SME (Small and Medium Enterprise) companies that falls under the ‘Horizon 2020’ program of the European Commission.
Europe’s new investment in Lightyear provides additional support to produce their first electric solar car, the Lightyear One, which will be launched in early 2020. Horizon 2020 is an incentive program of the European Commission for SMEs with disruptive ideas and new products. By investing in Lightyear, the European Commission supports Lightyear’s vision of sustainable mobility for all. Due to its high efficiency and integrated solar cells, the car rarely needs to charge, increasing the appeal of electric driving.
“The funding from Europe validates Lightyear’s mission and the rapid progress and results we’ve achieved to date,” says CFO and c..