About Lordstown Motors
Lordstown Motors is a company based in Youngstown (United States) founded in 2019.. The company has 8 employees as of December 31, 2023. Lordstown Motors operates in a competitive market with competitors including Rivian, Telo Trucks, EVUM Motors, Bollinger Motors and Atlis Motor Vehicles, among others.
- Headquarter Youngstown, United States
- Employees 8 as on 31 Dec, 2023
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lordstown Motors Corp.
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Annual Revenue
$2.34 M1106as on Dec 31, 2023
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Net Profit
$-343.07 M-21as on Dec 31, 2023
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EBITDA
$-348.9 M10as on Dec 31, 2023
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Latest Funding Round
$170 M (USD), Post-IPO
Nov 08, 2022
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Investors
Foxconn Electronics
& 1 more
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Employee Count
8
as on Dec 31, 2023
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Funding Insights of Lordstown Motors
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $170.0M
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First Round
First Round
(08 Nov 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Post-IPO - Lordstown Motors | Valuation |
investors |
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| Oct, 2020 | Amount | Post-IPO - Lordstown Motors | Valuation |
investors |
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| Sep, 2020 | Amount | Post-IPO - Lordstown Motors | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lordstown Motors
Lordstown Motors has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Foxconn Electronics and Small Business Administration. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Electronic products and components are manufactured globally by Foxconn.
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Founded Year | Domain | Location | |
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Financial assistance and development resources are provided to small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lordstown Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lordstown Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lordstown Motors Comparisons
Competitors of Lordstown Motors
Lordstown Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rivian, Telo Trucks, EVUM Motors, Bollinger Motors and Atlis Motor Vehicles, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Off-road electric pickup trucks are manufactured for adventure use.
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| domain | founded_year | HQ Location |
Electric trucks are manufactured for urban employees and weekend adventurers.
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| domain | founded_year | HQ Location |
Cars are dealt and booked via an online platform.
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| domain | founded_year | HQ Location |
Off-road and on-road sport utility trucks are developed.
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| domain | founded_year | HQ Location |
Developer of electric pickup trucks
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lordstown Motors
Frequently Asked Questions about Lordstown Motors
When was Lordstown Motors founded?
Lordstown Motors was founded in 2019.
Where is Lordstown Motors located?
Lordstown Motors is headquartered in Youngstown, United States. It is registered at Youngstown, Ohio, United States.
How many employees does Lordstown Motors have?
As of Dec 31, 2023, the latest employee count at Lordstown Motors is 8.
What is the annual revenue of Lordstown Motors?
Annual revenue of Lordstown Motors is $2.34M as on Dec 31, 2023.
What does Lordstown Motors do?
Lordstown Motors was established in 2019 in Youngstown, United States, within the electric vehicle sector. Operations center on producing the Endurance pickup truck, equipped with a 109 kWh battery, hub motors for wheel efficiency, and integrated software for performance monitoring and adjustment. Fault detection systems and optimized charging are incorporated into the design, supporting automotive manufacturing focused on sustainable transportation solutions.
Who are the top competitors of Lordstown Motors?
Lordstown Motors's top competitors include Rivian, Telo Trucks and EVUM Motors.
Who are Lordstown Motors's investors?
Lordstown Motors has 2 investors. Key investors include Foxconn Electronics, and Small Business Administration.