When was Lordstown Motors founded?

Lordstown Motors was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Lordstown Motors located?

Lordstown Motors is headquartered in Youngstown, United States.

How many employees does Lordstown Motors have?

As of Jun 30, 2026, the latest employee count at Lordstown Motors is 86.

Is Lordstown Motors a funded company?

Lordstown Motors is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Nov 08, 2019.

When was the latest funding round of Lordstown Motors?

Lordstown Motors' latest funding was a $***** Post IPO round on Nov 08, 2022, with participation from 1 investor. Its primary sector is Electric Vehicles. In United States, the Electric Vehicles sector has seen $2.57B in funding in 2026 to date.

What is the annual revenue of Lordstown Motors?

Annual revenue of Lordstown Motors is between $1M and $10M as on Dec 31, 2023

Where does Lordstown Motors rank among its competitors?

Lordstown Motors ranks 3rd amongst 15 active competitors, of which 5 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Aboard, which secured $13M in May, 2026.

Who are the top competitors of Lordstown Motors?

Lordstown Motors' top competitors include Rivian, Telo Trucks and Bollinger Motors. Among them, Aboard secured the most recent funding round in May, 2026.

Lordstown Motors - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Manufacturer of electric pickup trucks. The company develops an electric pick-up truck named "Endurance" with features like 109 kWh battery capacity, fault monitoring system, optimum charging time, and more. The wheels are connected to the hub motor to offer efficient motion and it's integrated with software to monitor and adjust the performance of the wheels in motion.

Website: lordstownmotors.com
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Email ID: *****@lordstownmotors.com

Key Metrics

Founded Year

2019

Location

Youngstown, United States

Stage

Public

Latest Funding Round

Post IPO, Nov 08, 2022, $*****

Investors

Foxconn Electronics & 3 more

Ranked

3^rd among 15 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2023

Employee Count

86 as on Jun 30, 2026

Similar Companies

Rivian & 14 more

Exit Details

Public

View Lordstown Motors' full profile

Lordstown Motors is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LORDSTOWN MOTORS CORP. CIN: 0001793648 , United States, Active	Jan 01, 2019	$1M - $10M (As on Dec 31, 2023)	8 (As on Dec 31, 2023)	-

Lordstown Motors got listed on Apr 17, 2019.

Click here to take a look at Lordstown Motors's IPO in detail

Lordstown Motors has raised funding over 6 rounds. Its first funding round was on Nov 08, 2019. Its latest funding round was a Post IPO round on Nov 08, 2022 for $*****. 1 investor participated in its latest round. Lordstown Motors has 4 institutional investors.

Here is the list of recent funding rounds of Lordstown Motors:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 08, 2022	8721999	Post IPO	4400492	2928586	6693686	7486809
Oct 14, 2020	2922383	Post IPO	6645429	6900019	5451376	7764373
Sep 04, 2020	5323936	Post IPO	2882630	1487614	7895785	6425391

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View details of Lordstown Motors's funding rounds and investors

Lordstown Motors' employee count trend

Lordstown Motors has 86 employees as of Jun 26. Here is Lordstown Motors's employee count trend over the years:

Employee count trend for Lordstown Motors

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Top competitors of Lordstown Motors include Rivian, Telo Trucks and Bollinger Motors. Here is the list of Top 10 competitors of Lordstown Motors, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rivian 2009, Irvine (United States), Public	Manufacturer of off-road electric pickup trucks for adventure	$10.5B	T. Rowe Price, Ford & 36 others	78/100
2nd	Telo Trucks 2023, San Carlos (United States), Series A	Manufacturer of electric trucks	$7.18M	Neo, GoAhead Ventures & 4 others	60/100
3rd	Lordstown Motors 2019, Youngstown (United States), Public	Manufacturer of electric pickup trucks	-	Foxconn Electronics, Luxor Capital Group & 2 others	58/100
4th	Bollinger Motors 2014, Oak Park (United States), Acquired	Platform offering on electric trucks and utility vehicles	-	State of Michigan	50/100
5th	Atlis Motor Vehicles 2016, Phoenix (United States), Public	Developer of electric pickup trucks	$1.86M	endInSight, Commodity Project	42/100
6th	EVUM Motors 2017, Munich (Germany), Series B	Dealer of cars	$43.4M	Jolt Capital, Bayern Kapital & 8 others	42/100
7th	EdisonFuture 2020, Anaheim (United States), Unfunded	Manufacturer of solar-powered electric trucks and vans	-	-	38/100
8th	Hercules 2018, Farmington (United States), Series A	Developer of electric pickup trucks	$20M	CMD Global Partners	33/100
9th	Aboard 2024, Anaheim (United States), Seed	Manufacturer of hybrid electric travel trailers with integrated power systems	$13M	Ondine Capital, Llama Ventures	31/100
10th	Voltu 2011, Sunnyvale (United States), Unfunded	Developer of electric vehicle powertrains and related energy storage systems	-	-	26/100