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News for August 8, 2022

Electric RV Startup Lightship Raises $23M

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Lightship, a startup all-electric recreational vehicle company, announced it had raised $23 million in Series A funding to manufacture its product line of electric trailer-focused boosting towing.

The startup company is co-founded by former Tesla employees Ben Parker and Toby Kraus. They described its flagship RV as “designed like an EV,” according to a report.

“It is aerodynamic. It is all electric. The inside is modern and connected with a big, beautiful touch display, and on the roof, nothing but solar,” said Parker.

Photo courtesy of Lightship.

Prelude Ventures’s Victoria Beasley led the funding round and will join the Lightship board of directors. New and existing investors participated in the Series A round, including Obvious Ventures, Congruent Ventures, My Climate Journey, HyperGuap, and Alumni Ventures.

“As a climate investor looking to tackle the complex and stubborn portion of greenhouse emissions coming from personal vehicle tailpipes, we’re looking for opportunities to accelerate EV adoption. The recreational vehicle industry is a large market with massive opportunity for innovation; nearly 1 in 10 American households owns an RV, 90% of which are towables,” said Beasley. 

He said that the reality is clunky RVs in the market will never be “reliably towable with an electric vehicle. He added that the range of a loss of over 30% is unacceptably high.

“The only way to address this is through redesigning an electric travel trailer from the ground up, focusing every decision on minimizing aerodynamic drag,” said Beasley.

This article originally appeared on Manufacturing Business Technology.

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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Hi, you might find this article from Modern Campground interesting: Electric RV Startup Lightship Raises M! This is the link: https://moderncampground.com/usa/electric-rv-startup-lightship-raises-23m/