Fundraising FoxLordstown Motors
Mason, US · Founded 2019 · Delaware corporation · 1 known investors
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Founders & leadership
Lordstown Motors was founded in 2019 by Steve Burns.
SB
Steve BurnsFounderSteve Burns is an Executive Director at Lordstown Motors with over 19 years of experience in sales, marketing, and advertising. His background includes expertise in marketing, advertising, project management, analytics, and digital media.
Investors · 1
Yorkville AdvisorsreportedMountainside
How we know: funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$55.1M disclosed across 4 of 5 rounds · 2019–2021
▶$15.3MraisedOct 2020 · 49 investors · ManufacturingRule 506(b)
▶$15.3MraisedOct 2020 · 49 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Stephen BurnsExecutive Officer, Director
- Offering amount
- $15.3M
- Amount sold
- $15.3M
- Minimum investment
- $50K
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$24.7MraisedSep 2020 · 72 investors · ManufacturingRule 506(b)
▶$24.7MraisedSep 2020 · 72 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Stephen BurnsExecutive Officer, Director
- Offering amount
- $24.7M
- Amount sold
- $24.7M
- Minimum investment
- $50K
- Sales commissions
- $1.5M
- Proceeds to insiders
- $300K
- Placement agents
- Maxim Group LLC
- First sale
- Aug 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$10.1MraisedJul 2020 · 40 investors · ManufacturingRule 506(b)
▶$10.1MraisedJul 2020 · 40 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Steve BurnsExecutive Officer, Director
- Offering amount
- $10.1M
- Amount sold
- $10.1M
- Minimum investment
- $25K
- Sales commissions
- $992.5K
- Placement agents
- Maxim Group LLC
- First sale
- Dec 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$5MraisedNov 2019 · 50 investors · ManufacturingRule 506(b)
▶$5MraisedNov 2019 · 50 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Steve BurnsExecutive Officer, Director
- Offering amount
- $5M
- Amount sold
- $5M
- Minimum investment
- $25K
- Sales commissions
- $500K
- Placement agents
- Maxim Group LLC
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- Who founded Lordstown Motors?
- Lordstown Motors was founded by Steve Burns in 2019.
- Who are Lordstown Motors's investors?
- Lordstown Motors's investors include Yorkville Advisors.
- How much funding has Lordstown Motors raised?
- Lordstown Motors has disclosed $55.1M raised across 4 of its 5 known rounds.
- Where is Lordstown Motors headquartered?
- Lordstown Motors is headquartered in Mason, US.