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News for February 23, 2024

Lightship Accelerates Electric RV Trailer Production with $34 Million Funding

Lightship, a San Francisco and Boulder-based startup, has recently announced a significant milestone in its journey towards revolutionizing the RV industry. 

According to a recent press release, the company has successfully secured $34 million in Series B funding, a move that is set to fast-track the production of its innovative L1 electric RV trailer.

Founded in 2020 by Ben Parker and Toby Kraus, two veterans with notable experience in the electric vehicle sector, Lightship emerged into the spotlight in the summer of 2022. The company’s mission is to introduce all-electric, sustainable options to the RV market, traditionally dominated by gas-powered vehicles. 

The L1, Lightship’s first product, boasts a telescoping aerodynamic design, which has attracted considerable interest from both consumers and investors.

The recent funding round was co-led by Obvious Ventures and Prelude Ventures, with additional financial backing from Allegis Capital, THOR Industries, and TechNexus Venture Collaborative. The round also saw participation from previous investors including Congruent Ventures, HyperGuap, and Alumni Ventures.

This influx of capital is expected to expedite Lightship’s plans for establishing manufacturing infrastructure and supply chain processes. 

The company’s new facility in Broomfield, Colorado, is poised to begin pilot production. Toby Kraus, co-founder and CEO of Lightship, commented on the company’s progress and the positive reception of the L1, highlighting the challenges and achievements in building an all-electric RV and a manufacturing company in the United States.

As Lightship prepares to commence pilot manufacturing later this year, the company is anticipated to contribute to job creation in the engineering and manufacturing sectors in Colorado. The Lightship L1 trailer, which is currently priced starting at $125,000 (excluding the electric drive motor), is available for reservation with a $500 deposit.

This development is a significant indicator of the evolving landscape in the RV industry, reflecting a growing interest in environmentally friendly travel options. 

Lightship’s successful funding round not only demonstrates investor confidence in electric RVs but also signals a potential shift in consumer preferences towards more sustainable recreational vehicles.

Featured image from Lightship

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Sandra Thomas
Sandra Thomas
February 18, 2024 8:19 am

Isn’t it remarkable how Lightship’s L1 electric RV trailer offers sustainable and comfortable adventures? The new funding promises an thrilling future for eco-conscious RV enthusiasts.

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Hi, you might find this article from Modern Campground interesting: Lightship Accelerates Electric RV Trailer Production with Million Funding! This is the link: https://moderncampground.com/usa/lightship-accelerates-electric-rv-trailer-production-with-34-million-funding/