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December 15, 2021

Lightyear and LeasePlan sign agreement for 5,000 solar electric vehicles

Amsterdam and Helmond, the Netherlands, December 15, 2021 — Lightyear, the high-tech company developing the world's first long-distance solar car, today signed an agreement with LeasePlan, one of the world’s leading Car-As-A-Service companies, to reserve 5,000 cars of Lightyear’s second model, which is scheduled to go into production by 2024/2025. LeasePlan had already committed to making Lightyear’s first model, the Lightyear One, available through its European network. The Lightyear One will start production in 2022.

Lightyear announced the agreement today during a keynote speech and Q&A session with CEO Lex Hoefsloot and CFO Laurens Weers, during which the company shared its strategic roadmap and product vision to deliver on its goal to bring clean mobility to everyone, everywhere through highly efficient, solar electric vehicles. The second model builds on the technology developed for Lightyear One, and will be available in Europe, the US and other global markets at a more accessible starting price point of €30,000. LeasePlan is one of the leading mobility companies in the world with a fleet of approximately 1.8 million vehicles in 29 countries.

Accelerating the transition to clean mobility

Lex Hoefsloot, founder and CEO at Lightyear, notes: “LeasePlan has been a very strong partner for us since 2018. Today's announcement is a testament to their commitment to our product vision to make clean mobility accessible for everyone. LeasePlan has been a leading voice in the need to transition to clean vehicles that are less dependent on charging infrastructure and reduce costly grid reinforcements. We join forces in bringing a unique and truly sustainable vehicle to the market.”

Tex Gunning, CEO of LeasePlan: “Together, LeasePlan and Lightyear will deliver the world’s first solar-powered car subscription. With Lightyear, range anxiety is a thing of the past, as is the nightmare of having to find a convenient and available charging station – an absolute breakthrough in the fight to cut emissions from road transportation. We look forward to joining forces with Lightyear and putting drivers behind the wheel of some of the cleanest, most innovative EVs ever produced.”

Earlier this year, Lightyear announced partnerships with NXP Semiconductors and Valmet Automotive, among others.

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Lightyear and LeasePlan

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About Lightyear

Lightyear is on a mission to make clean mobility available to everyone, everywhere. Lightyear aims to eliminate the two biggest concerns for electric cars - charging and range - with an energy-efficient design and integrated solar cells. This allows motorists, depending on the climate, to drive up to twenty thousand kilometers per year on the power of the sun. The fast-growing company was founded in 2016 and currently employs more than two hundred employees. The team is made up of a mix of young talent and experienced names from the automotive industry, including former employees of Tesla, Jaguar, Landrover, Audi, McLaren, and Ferrari. In 2019, Lightyear received the Horizon 2020 grant from the European Commission, under grant agreement number 848620. In the summer of 2019, Lightyear launched its first driving prototype, Lightyear One, and opened a new office in the region of Brainport Eindhoven. The prestigious TIME Magazine acknowledged Lightyear One as one of the ‘100 best inventions’ of 2019. In 2020, Lightyear won the ‘Rising Star’ and ‘Most Disruptive Innovator’ Award of the Technology Fast 50 program organized by Deloitte. The first model of Lightyear One will go into production in the summer of 2022 as an exclusive car series.

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This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 848620