Swedish megacar maker Koenigsegg invests in Dutch solar car developer Lightyear

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Koenigsegg, a Swedish megacar manufacturer and provider of advanced mobility technologies, has invested in Lightyear, the Netherlands-based company developing the world’s first solar-powered vehicle. The investment is part of a larger technology-sharing partnership in which the two automakers will share proprietary and patented information.

The two companies aim to develop ultra-efficient vehicles and jointly develop new automotive technologies.

Lightyear is known for developing the Lightyear 0, the world’s first solar car, which was launched on June 9, 2022 and will go into production this fall.

Lightyear 0 includes five square meters of patented double-curvature solar panels, allowing the vehicle to charge while in motion or simply parked outside.

Under optimal conditions, this allows Lightyear 0 to power itself with 70 kilometers of range per day in addition to its estimated WLTP range of 625 kilometers.

Koenigsegg technologies will be applied to further improve the energy efficiency of
Lightyear’s second model, Lightyear 2, is expected to enter production in late 2024 or early 2025.

Founded in 1994 by Christian von Koenigsegg, Koenigsegg Automotive AB is a leader in the engineering and manufacturing of ultimate performance megacars and sustainable mobility technologies.

Lex Hoefsloot, co-founder and CEO of Lightyear, said: “Koenigsegg is at the top of the food chain when it comes to high-performance sports cars. I have always admired their blend of incredible performance, design and durable technology – this partnership clearly shows that we are on the right track. I’m incredibly excited to be able to tap into decades of experience designing and building ambitious cars, and look forward to working closely with Christian and his team to drive real change in the industry together.

“The automotive industry is going through a massive transition to sustainable fuels and
technology,” adds Christian Koenigsegg, CEO and founder of Koenigsegg. “Lex and his team have developed transformative technologies, and this partnership with Lightyear will ensure that our products remain state-of-the-art, which is great news for our customers.”

Light year was founded in 2016 and currently employs over 500 people.

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