Ed Ludlow and Gabrielle Coppola

Business, Technology, Fuel

Lordstown May Raise Millions From Investment Fund

 The Lordstown Motors Endurance electric pickup truck The Lordstown Motors Endurance electric pickup truck during its unveiling event in Lordstown, Ohio. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.

July 26, 2021