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How to Raise Funds for Non-profit

Production of world’s first solar car begins [Video]

The car, which features curved solar panels across the hood and roof, is able to drive two months without charging in Amsterdam during summer, and as many as seven months in Portugal, according to Hoefsloot.

Sun-derived power will add as much as 70 km (43 miles) of driving range each day.

Cars powered by the sun have struggled to make it beyond the prototype stage because of the large area solar panels require.

German startup Sono Group is planning to offer its first solar car, the boxy Sion hatchback, for $26,000 before taxes, but has not yet announced production.

Fundraising in the early days for Lightyear was a challenge as investors were reluctant to put their money into a new concept, Hoefsloot said.

“Right now, we are at a much more mature” stage, he said, adding that the majority of investment came from the Netherlands.

Lightyear secured $84 million from …

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