Lightship – which is America’s first all-electric RV company – recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.
The funding round brings Lightship to a new chapter as it builds the manufacturing system and supply chain to produce the L1, beginning with pilot manufacturing at its new production facility in Broomfield, Colorado, this year. And the company anticipates creating numerous high-tech engineering and manufacturing jobs as it scales up production to meet high demand following its launch.
Lightship’s team has been hard at work designing, prototyping, and testing the Lightship L1 – a new class of aerodynamic, battery-powered travel trailer propelled with an electric drivetrain that enables near zero range or mile-per-gallon efficiency loss for the vehicle towing it.
Unlike traditional designs, the L1 was built from the ground up for efficiency with a telescoping vehicle design, which minimizes the trailer’s frontal area to create the most aerodynamic trailer of its size. And the all-electric RV features a massive battery energy storage system, electric propulsion and enough solar to power the vehicle for a week off-grid. The L1 debuted this spring to rave reviews and a growing waitlist.
KEY QUOTES:
“The electrification transformation doesn’t stop at passenger cars. What Ben, Toby and the team are bringing to life will revolutionize the road trip forever. We’re thrilled to co-lead this round with Prelude Ventures and partner with Lightship to bring the L1 to campgrounds around the country.”
— Andrew Beebe, Managing Director at Obvious Ventures
“We take pride in what we’ve created at Lightship and have been humbled with the reception of the L1. Building an all-electric RV from the ground up and a brand-new U.S. based manufacturing company around that product has taken the hard work and dedication of an incredible team with outstanding support from our network of investors. We have a bold vision for the future of recreational travel, and this is just the beginning of what’s to come from Lightship.”
— Lightship co-founder and CEO Toby Kraus
