LORDSTOWN, Ohio—Lordstown Motors has received an investment of up to $400 million as the struggling electric truck maker continues to push toward production of its new pickup this fall.
The Ohio company, which has been under scrutiny over the claims it has made about the number of orders it has received for its trucks, said in a filing Monday with the Securities and Exchange Commission that hedge fund YA II PN Ltd agreed to to buy up to $400 million worth of its shares over three years.
