Lightyear wanted to be an oasis in the desert of the electrification of the automotive sector. His plans, although ambitious, seemed solid and even more seeing that they were being met within the deadlines they had set. In fact, not long ago we told you that its first model, the large 0 sedan, had entered production. Moreover, everything indicated that the circulation of 946 units announced would not last long. But the disaster has come before its time.
If you look back, you will remember that the last news of Lightyear was very good. It was days ago that the brand announced what would be its second production model. He did it in a veiled way as he published several photos and a teaser video to confirm that the "2" would be his next big release. And not only that, he also told a very important secret: his autonomy. Well, now they come back to announce that they have gone bankrupt and everything is ruined.
Lightyear was founded in 2016 but production of its model 0 has only been taking place for a few months…
To announce its bankruptcy, Lightyear has published a brief press release. In it we can read this message…
“We had to present the request to open a suspension of payments proceedings in respect of Atlas Technologies BV, our operating company responsible for the production of Lightyear. This suspension was granted by Rechtbank Oost-Brabant located in Hertogenbosch in the Netherlands. Today this court declared Atlas Technologies BV bankrupt. The court appointed Mr. R. van Oeijen of Holla Legal & Tax as responsible»
Complete this message next clarification...
«Lightyear is sorry to have to make this announcement. to all employees, customers, investors and suppliers and will work closely with everyone involved and expects their understanding and support. In the next period, the trustee will focus on the position of employees and creditors, as well as on assess how the Lightyear concept can be continued«
Until now we do not know what really happened for this abrupt closure. Even more so taking into account that the filing of the bankruptcy application took place on January 23, 13 days after announcing the birth of the 2nd. However, those responsible for the house assure that they will evaluate all the possibilities for the project to may have a future. In any case, for now neither 0 nor 2 will return to the market in the medium term.
There will be wait for the bankruptcy and restructuring petition to be resolved to find out if Lightyear comes back to life or is left as a "pretty corpse." Those who will surely not be very amused by this news will be all those who saw "the business opportunity" and trusted by giving them a part of their savings...
Source – Lightyear – Lightyear Cars