# Lordstown Motors: Automotive, Farmington Hills, United States

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

Source: https://millionrounds.com/startup/lordstown-motors (Millionrounds; every figure on the page links to its filing or article)

United States · [Automotive startup](https://millionrounds.com/companies)

# 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.

Email

Funding reported Last round: Post ipo equity

Automotive Farmington Hills, United States

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Company summary

- **Founded:** 2019 7 years old
- **Team:** 84 51 to 200 people
- **Funding reported:** $1.1B in dollars
- **Last round:** Post ipo equity Nov 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Lordstown Motors has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$1.1B** in dollars

Rounds **5**

Last round **Post ipo equity**

Last round size **$10M**

Last round date **Nov 2022**

Investors listed **8**

## Founders and team

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

- **Stephen Burns** Executive Officer, Director i

## The company, in detail

What they build

Known for

electric vehicle components electric truck clean energy & technology vehicle design electric vehicle market segment electric vehicle maintenance electric vehicle market growth strategies distribution manufacturing electric vehicle technology electric vehicle features electric vehicle industry competition electric vehicle industry restructuring electric vehicle technology development electric vehicle technology advancements commercial ev solutions

Built with from their website

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+8 more

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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](https://millionrounds.com/directory/lordstown-motors)

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