Atlas Technologies, a subsidiary of Netherlands-based Lightyear, has been declared bankrupt. For the last six years, the company has been in the works to develop the world’s first solar-powered electric car, christened Lightyear 0.
The parent firm submitted a request on January 23 to suspend payment proceedings for its operating company responsible for Lightyear 0.
According to the firm, a suspension was granted by Rechtbank Oost-Brabant located’s-Hertogenbosch in the Netherlands. “Lightyear regrets having to make this announcement for all employees, customers, investors, and suppliers and will work closely with the curator and all the people involved and hope for their understanding and support,” the company said in a
