Lightyear secures €2.5 million in Horizon 2020 funding
The Helmond-based company that developed Lightyear One has been awarded € 2.5 million in Horizon 2020 funding to bring to market the Netherlands’ first self-charging electric car. The application submitted under the guidance of Subsidiefocus earned an exceptionally high score of 14.44 points out of a possible 15. Subsidiefocus will continue to provide advice throughout the life cycle of the funding.
Five alumni of Solar Team Eindhoven started developing the solar-powered Lightyear One in 2017. The company now has more than a hundred employees working on the electric family car and has set up a production line in Helmond that will make the concept a reality. Horizon 2020 funding is the latest in a string of successes for Lightyear.
Funding for innovation
The Horizon-programme (since 2021 Horizon Europe) is a prestigious EU Research and Innovation programme. It strengthens Europe's global competitiveness by supporting high-quality research and the development of innovative technologies that help build a smart and sustainable society. Horizon’s SME Instrument supports businesses seeking to market a new product, process or service. The application process is highly competitive: Lightyear was one of only 60 applicants to be awarded funding out a total of 1.850 applications from all over Europe. The assistance of an expert consultancy that specialises in securing funding can make all the difference.
Find out more about Horizon Europe, the successor to Horizon 2020
For more information about Horizon Europe and how to secure funding that will help accelerate your innovation, please contact Roy Hoven, manager Subsidiefocus, by calling +31 (0)73-6465475 or send Roy an email.