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Lordstown Motors Working On A Military Electric Vehicle Too

Lordstown Motors Working On A Military Electric Vehicle Too
insideevs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideevs.com Daily Mail and Mail on Sunday newspapers.

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Lordstown Motors receives $400 million investment from hedge fund

Lordstown Motors receives $400 million investment from hedge fund
Detroit Lordstown Motors Corp. has received a $400 million equity investment from a New Jersey-based hedge fund to help the startup launch and accelerate production of its Endurance electric truck in September.
The Ohio-based startup and YA II PN Ltd., a fund managed by New Jersey-based Yorkville Advisors Global LP, formed an equity purchase agreement on July 23 in which YA agreed to purchase up to $400 million of Lordstown s Class A common stock with the price equaling or exceeding $7.48 per share, according to a filing Monday with the Securities and Exchange Commission.
Lordstown s stock jumped 10% after the announcement, but then declined throughout the trading session and closed down 2.5% at $7.29 per share. The investment comes after months of struggle for the startup, which told the SEC last month it might not survive the next year without additional funding. Lordstown is one of ....

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Lordstown Motors, Mahoning Valley still optimistic about electric truck's future

Lordstown Motors, Mahoning Valley still optimistic about electric truck's future
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Lordstown Motors shows off plant, electric trucks to show viability after run of bad news

Lordstown Motors shows off plant, electric trucks to show viability after run of bad news
Jim Mackinnon, Akron Beacon Journal
© PHIL MASTURZO, AKRON BEACON JOURNAL
Lordstown Motors VP of Engineering Darren Post points out features under the hood of an all electric Endurance pickup during a plant tour on Tuesday, June 22, 2021 in Lordstown, Ohio. [Phil Masturzo/ Beacon Journal]
Lordstown Motors spent this past week working to convince investors, industry analysts, customers, media and others that it remains a viable start-up company that will succeed in making an innovative, full-size electric pickup truck.
The five-day event, called Lordstown Week, involved ride-alongs in prototype versions of the Endurance pickup, which the company hopes to begin building final versions later this year for commercial fleet customers. The truck is powered by battery packs supplying energy to electric motors in each wheel hub. That motor-in-a-wheel desi ....

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'Live From Lordstown' offers Q&A and virtual tour of Lordstown Motors

'Live From Lordstown' offers Q&A and virtual tour of Lordstown Motors
wfmj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfmj.com Daily Mail and Mail on Sunday newspapers.

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