United States · Automotive startup

Lordstown Motors

Lordstown Motors was an American electric vehicle startup founded in 2018 or 2019, focused on producing the Endurance, a full-size battery electric pickup truck.

Funding reportedLast round: Post ipo equity

AutomotiveFarmington Hills, United States

About Lordstown Motors

Lordstown Motors was an American electric vehicle startup founded in 2018 or 2019, focused on producing the Endurance, a full-size battery electric pickup truck.

The company acquired the historic Lordstown Assembly plant in Ohio from General Motors in November 2019, aiming to revive it for electric vehicle production. Lordstown Motors went public through a reverse merger and received various state incentives to support its operations. The Endurance features innovative in-wheel hub motors, providing four-wheel drive, 600 horsepower, and a towing capacity of 7,500 pounds. It is equipped with a 109 kWh battery, offering an estimated range of 200-250 miles. Limited production of the Endurance began in September 2022, with a target of 500 units by June 2023. However, the company faced operational challenges and filed for Chapter 11 bankruptcy in June 2023, with only six trucks delivered by March 2023.

What company datasets say Lordstown Motors raised

Funding, as reported

Reported in all$1.1Bin dollars
Rounds5
Last roundPost ipo equity
Last round size$10M
Last round dateNov 2022
Investors listed8

Founders and team

From the SEC filings it signed: 1 on the team.

  • Stephen BurnsExecutive Officer, Directori

The company, in detail

What they build

Known for

electric vehicle componentselectric truckclean energy & technologyvehicle designelectric vehicle market segmentelectric vehicle maintenanceelectric vehicle market growth strategiesdistributionmanufacturingelectric vehicle technologyelectric vehicle featureselectric vehicle industry competitionelectric vehicle industry restructuringelectric vehicle technology developmentelectric vehicle technology advancementscommercial ev solutions

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Sector
Automotive
Industry code
NAICS 336110, SIC 3711
Region
Michigan
Revenue
$2.3M a year, as listed
Full record
Every detail in the company directory

Automotive in United States

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