Lordstown Motors
Financials
Estimates*
| EUR | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | - | - | 2.7m | <1m | 2.1m | - | - |
| % growth | - | - | - | (94 %) | 1132 % | - | - |
| EBITDA | - | (92.7m) | (341m) | (243m) | (101m) | (237m) | (131m) |
| % EBITDA margin | - | - | (12500 %) | (140527 %) | (4735 %) | - | - |
| Profit | (14.5m) | (91.8m) | (373m) | (256m) | (312m) | - | - |
| % profit margin | - | - | (13667 %) | (148421 %) | (14662 %) | - | - |
| EV / revenue | - | - | 139.7x | 135.3x | -29.0x | - | - |
| EV / EBITDA | - | -26.3x | -1.1x | -0.1x | 0.6x | -0.8x | -3.8x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $5.0m | Seed | |
$40.0m | Debt | ||
| N/A | $10.1m | Series A | |
$175m Valuation: $1.6b | SPAC IPO | ||
$500m | SPAC Private Placement | ||
$400m | Post IPO Equity | ||
* | $170m | Post IPO Equity | |
* | N/A | N/A | Bankruptcy |
| Total Funding | $515m | ||
Recent News about Lordstown Motors
EditLordstown Motors Corp. is an electric vehicle (EV) innovator focused on developing high-quality light-duty commercial fleet vehicles. The company's flagship product, the Endurance, is an all-electric pickup truck designed to meet the demands of the commercial fleet market. Headquartered in Lordstown, Ohio, with additional engineering and R&D facilities in Farmington Hills, Michigan, and Irvine, California, Lordstown Motors aims to revolutionize the way work gets done by providing sustainable and efficient transportation solutions.
Lordstown Motors serves businesses and organizations that require reliable and cost-effective fleet vehicles. The company operates in the electric vehicle market, specifically targeting the commercial sector. Its business model revolves around the design, manufacturing, and sale of electric trucks, generating revenue through vehicle sales and potential future services related to fleet management and maintenance.
The company is publicly traded on the Nasdaq under the ticker symbol RIDE and continues to attract attention from investors and industry stakeholders. By focusing on innovation, sustainability, and performance, Lordstown Motors aims to become a leader in the commercial EV market.
Keywords: electric vehicles, light-duty trucks, commercial fleets, Endurance, sustainability, innovation, Lordstown, Ohio, Nasdaq RIDE, fleet management.