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Lordstown Motors
company
About
Lordstown Motors is an electric vehicle (EV) original equipment manufacturer (OEM) developing light duty commercial fleet vehicles.
- Warren,Ohio,United States
- 501 - 1000
- https://lordstownmotors.com
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- $170M
- Industries
- Automotive,Electric Vehicle,Industrial,Manufacturing
- Founded date
- Jan 1, 2019
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Stock Symbol
- nasdaq:RIDE
- Legal Name
- Lordstown Motors Corporation
Lordstown Motors is an automotive company that develops and manufactures light-duty electric trucks for sale to fleet customers. It has engineering, research, and development facilities in Farmington Hills, Michigan, and Irvine, California.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
6
$1.08B
Lordstown Motors has raised a total of
$1.08B
in funding over 2 rounds. Their latest funding was raised on
Nov 7, 2022 from a Post-IPO Equity round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 7, 2022 | Post-IPO Equity | $170M | 1 | — | — | Detail |
| Jul 23, 2021 | Post-IPO Equity | $400M | 1 | — | — | Detail |
| Oct 26, 2020 | Post-IPO Equity | $500M | 5 |
General Motors
|
— | Detail |
| Oct 26, 2020 | IPO | — | — | — | — | Detail |
| Jul 6, 2020 | Series Unknown | $10.08M | — | — | — | Detail |
Investments
Number of Investments
Number of Lead Investments
3
0
Lordstown Motors has made 3 investments. Their most recent investment was on
Sep 27, 2022, when Eclipse raised $6M.
Investors
Number of Lead Investors
Number of Investors
1
7
Lordstown Motors is funded by 7 investors.
General Motors
and Foxconn
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
General Motors
|
Yes | Post-IPO Equity |
Foxconn
|
— | Post-IPO Equity |
Yorkville Advisors
|
— | Post-IPO Equity |
BlackRock
|
— | Post-IPO Equity |
Federated Kaufmann Fund
|
— | Post-IPO Equity |
Fidelity Management and Research Company
|
— | Post-IPO Equity |
Wellington Management
|
— | Post-IPO Equity |
Employee Profiles
Number of Employee Profiles
5
Lordstown Motors has 5 current employee profiles, including
Executive Edward Hightower
Executive
Executive
Executive
Executive
Executive
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