Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

The car business is a stern taskmaster. Netherlands-based Atlas Technologies (Atlas) producing Lightyear - set to be the world’s first mass produced solar car - filed for bankruptcy. The “Lightyear 0” - the company’s debut car - was to run 725km, with 70km coming from solar & the rest from electric charging (the company had assumed 40% of drivers would never have to charge the car at all). It was slated to go on sale for $250k in 2023. Atlas Technologies struck a deal with Finland-based Valmet Automotive to start manufacturing it in December 2022. At a rate of 1 per week, only a few cars were produced before the company abruptly halted production, so...