Fundraising Fox

Lordstown Motors

Mason, US · Founded 2019 · Delaware corporation

Advanced Manufacturing

Founders & leadership

Lordstown Motors was founded in 2019 by Steve Burns.

SB
Steve BurnsFounder

Reported raises · per SEC filings

Form D private placements

$55.1M disclosed across 4 rounds · 2019–2020

▶$15.3MraisedOct 2020 · 49 investors · Manufacturing
Rule 506(b)
Lordstown Motors evaluates strategic partners in funding searchreuters.com · Jun 2021GM-backed electric truck startup Lordstown Motors is going publictheverge.com · Aug 2020
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
Full filing on SEC EDGAR ↗
▶$24.7MraisedSep 2020 · 72 investors · Manufacturing
Rule 506(b)
GM-backed electric truck startup Lordstown Motors is going publictheverge.com · Aug 2020GM invests in Lordstown Motors merger that will make it publicly tradedfreep.com · Aug 2020
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
Full filing on SEC EDGAR ↗
▶$10.1MraisedJul 2020 · 40 investors · Manufacturing
Rule 506(b)
GM-backed electric truck startup Lordstown Motors is going publictheverge.com · Aug 2020GM invests in Lordstown Motors merger that will make it publicly tradedfreep.com · Aug 2020
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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Lordstown Motors evaluates strategic partners in funding searchreuters.com · Jun 2021GM-backed electric truck startup Lordstown Motors is going publictheverge.com · Aug 2020GM invests in Lordstown Motors merger that will make it publicly tradedfreep.com · Aug 2020

Frequently asked questions

Who founded Lordstown Motors?
Lordstown Motors was founded by Steve Burns in 2019.
How much funding has Lordstown Motors raised?
Lordstown Motors has disclosed $55.1M raised across 4 rounds.
Where is Lordstown Motors headquartered?
Lordstown Motors is headquartered in Mason, US.