Total amount raised
$61.2 Million
Latest funding date
01/01/2024
Location
Lightship has successfully raised funding through five rounds, with notable investors including HyperGuap and Obvious Ventures. The company specializes in all-electric, aerodynamic travel trailers designed for modern explorers.
Keep reading to explore the intricacies of Lightship's fundraising journey and the investors backing this innovative platform.
What Is Lightship?
Lightship, based in San Francisco, California, is an innovative company specializing in all-electric travel trailers. The company operates within the automotive, electric vehicle, manufacturing, recreational vehicles, and travel industries. With a team of 51-100 employees, Lightship is dedicated to creating aerodynamic, battery-powered trailers for the modern explorer.
Lightship's mission is to make outdoor exploration effortless and environmentally friendly. Their products are designed to be energy-efficient and comfortable, allowing for longer off-grid stays. The company emphasizes minimal environmental impact while providing a high level of comfort and convenience for travelers.
How Much Funding Has Lightship Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their all-electric travel trailers.
- Seed Round
- Amount Raised: USD 4,075,000
- Date: July 2021
- Lead Investors: Obvious Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their prototype and begin initial production.
- Series A
- Amount Raised: USD 23,139,778
- Date: July 2022
- Lead Investors: Prelude Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production capabilities and expand the team.
- Series B
- Amount Raised: USD 34,000,000
- Date: January 2024
- Lead Investors: Obvious Ventures, Prelude Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expedite the production of the L1 electric trailer and establish manufacturing infrastructure.
- Series Unknown
- Amount Raised: USD 26,624,990
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand production and enhance product features.
Total Amount Raised: USD 87,839,768. Current Valuation: Not publicly disclosed.
Key Investors
- Obvious Ventures
- Details: Obvious Ventures is a venture capital firm that invests in companies combining profit and purpose. They co-led Lightship's Series B funding round.
- Investment Focus Areas: Health, sustainable systems, people power
- Notable Investments: Beyond Meat, Diamond Foundry, Olly
- Prelude Ventures
- Details: Prelude Ventures is a venture capital firm focused on companies addressing climate change. They co-led Lightship's Series B funding round.
- Investment Focus Areas: Advanced energy, food and agriculture, transportation and logistics, advanced materials and manufacturing, advanced computing
- Notable Investments: QuantumScape, Planet Labs, Zymergen
- Allegis Capital
- Details: Allegis Capital specializes in early-stage investments in cybersecurity and enterprise software. They participated in Lightship's Series B funding round.
- Investment Focus Areas: Cybersecurity, enterprise software
- Notable Investments: Shape Security, IronNet Cybersecurity, Signifyd
- THOR Industries
- Details: THOR Industries is a global RV manufacturer that provided additional financial support to Lightship. They participated in the Series B funding round.
- Investment Focus Areas: RV manufacturing
- Notable Investments: Primarily invests in RV-related ventures
- TechNexus Venture Collaborative
- Details: TechNexus Venture Collaborative partners with corporations to invest in and accelerate the growth of startups. They participated in Lightship's Series B funding round.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Uptake, FourKites, Catalytic
What's Next for Lightship?
Lightship is poised to capitalize on the growing demand for sustainable travel solutions with its all-electric L1 trailer. The $34 million Series B funding will accelerate production and establish a robust manufacturing infrastructure in Colorado, creating numerous high-tech jobs. This positions Lightship to meet the increasing market demand for eco-friendly RVs.
Future fundraising opportunities are likely as Lightship scales production and expands its product line. The company may attract additional investors and strategic partners, further bolstering its growth. However, challenges such as building a reliable supply chain and competing with traditional RV manufacturers remain. Overcoming these hurdles will be crucial for Lightship's continued success.
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