Announcing Our Series A
Jul. 12, 2022
5 minutes read
Lightship closes $23M Series A to build America’s first all-electric recreational vehicle company
We’re excited to announce the successful closing of our $23M Series A funding round, bringing on new partners and resources to help us build America’s first all-electric recreational vehicle company. The round is led by Victoria Beasley of Prelude Ventures who will be joining the Lightship board of directors. Existing and new investors including Obvious Ventures, Congruent Ventures, My Climate Journey, HyperGuap, and Alumni Ventures also participated in the Series A round.
We asked Victoria to share more about why she and Prelude led the investment:
As a climate investor looking to tackle the complex and stubborn portion of greenhouse emissions coming from personal vehicle tailpipes, we’re looking for opportunities to accelerate EV adoption.
"The recreational vehicle industry is a large market with massive opportunity for innovation; nearly 1 in 10 American households owns an RV, 90% of which are towables. The reality is that clunky RVs on the market will never be reliably towable with an electric vehicle. Even for gas-powered vehicles towing RVs, the range loss of 30%+ is unacceptably high. The only way to address this is through redesigning an electric travel trailer from the ground up, focusing every decision on minimizing aerodynamic drag."
The Lightship vision for the future of travel trailers
Lightship is on a mission: bring electrification to the recreational vehicle industry by reimagining RVing from the ground up to create a seamless, connected, and delightful experience for electric vehicle and non-electric vehicle owners alike.
Why develop an electric travel trailer?
We’ve experienced first-hand the most and the least enjoyable parts of recreational vehicle-based travel.
The best of it – you and your family or friends spend the day adventuring in one of your favorite outdoor destinations and cap it off roasting marshmallows around the campfire.
Or, the worst of it – 8 mpg towing wondering if you have enough gas to get to your destination only to arrive and then accidentally drain the house battery because you left a fan on, dealing with the smelly, heavy, noisy generator, or running out of propane in the middle of a chilly night.
We’re building a world-class team of engineers, designers and operators to execute on our ambitious mission. If you’re passionate about the RVing experience and vehicle electrification, check out our open roles. Or, if you’re interested in following the journey as we build the first American all-electric recreational vehicle company, join the Lightship list to stay updated.
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What is a LightTrip?
The Founding Road Trip