Lightyear welcomes Dutch multinational SHV as partner and investor

Lightyear announces a collaboration with SHV, supported by a strategic €20 million investment, as part of their current investment round. Throughout its 125 years of history, the family-owned company SHV has always been guided by a visionary, innovative, and entrepreneurial spirit. SHV recognises that we are at the forefront of a historical market transformation, which happens only a few times per century. By ensuring a faster transition from combustion-powered vehicles to electric transport, the collaboration will strengthen both companies’ contribution to energy transition and create a positive impact in serving global zero-carbon climate goals.

Jeroen Drost, CEO of SHV: "We are very excited about this strategic partnership. It aligns with our view on creating a sustainable future and it is a perfect fit with our purpose - “Courage to care for generations to come”. We see several opportunities for cooperation and exchanging technical knowledge between Lightyear and a number of the businesses that are part of the SHV family.”

Lex Hoefsloot, CEO of Lightyear: “We greatly value and share the vision of SHV. Their entrepreneurial spirit, long-term focus, knowledge of different industries, and global mindset are of great value to Lightyear’s mission, to provide “Clean mobility for everyone, everywhere”. We are now more ready than ever to get our first cars on the market and to demonstrate our technology.”