- Lightning eMotors is expanding deployment of repowered Class 3
Transit to Class 7 passenger vehicles across the Bay Area and
northern California
- Repowered, zero-emission vehicles offer cost-effective and
environmentally friendly options as fuel prices surge and Bay Area
employees return to work after COVID-19
- Vehicle routes include intra-campus and Park and Ride services
for various publicly traded tech companies in the region
- All repowered vehicles are equipped with Lightning’s
industry-leading advanced telematics monitoring and analytics
tool
Lightning eMotors (NYSE: ZEV), a leading provider of zero
emissions medium duty commercial vehicles and electric vehicle
technology, is giving gasoline and diesel vehicles a second,
zero-emissions life by repowering a variety of passenger transit
vehicles for shuttle service providers to some of the leading tech
companies located throughout Silicon Valley.
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Repowering vehicles which have already
seen on-road service is a fast-track route to zero-emissions
transportation (Photo: ABC Companies)
The all-electric vehicles include Class 3 passenger vans and
Class 7 motorcoaches, all of which are either in service already or
soon to be in service with several of the largest tech companies in
the world and largest employers in the Bay Area.
As the Bay Area’s top employers continue to reduce or eliminate
remote or hybrid work options following the COVID-19 pandemic, and
as fuel prices continue to surge, Lightning’s repowered vehicles
are being used to provide zero-emission intra-campus and Park and
Ride transportation for thousands of employees in the region. In
addition to reducing traffic congestion, fuel costs and tailpipe
emissions, the vehicles will support increased productivity among
the employees who utilize the service by providing a safe, quiet
atmosphere during the time spent commuting to and from work.
“We are encouraged by an acceleration in the adoption of
repowered vehicles, not only by these Bay Area powerhouses, but by
private and public sector businesses and universities across the
country,” said Lightning eMotors CEO Tim Reeser. “Industries are
realizing that repowering existing vehicles with our electric drive
system is a highly cost-effective way to lower emissions. And
though some companies are looking at converting electric cargo vans
to passenger vans, they don’t provide the range, payload capacity
or safety features of a Lightning repowered Transit.”
The repowered vehicles are also equipped with Lightning’s
integrated advanced telematics system, which allows up to 100
parameters of vehicle performance to be tracked in near-real-time
to optimize route planning, increase cost-savings and assist with
day-to-day operations. The analytics can also be used to inform
monthly Environmental, Sustainability and Governance (ESG) reports
that can help employers utilizing the repowered vehicles stay on
track of their sustainability goals.
Lightning’s repowered vehicle orders were facilitated by ABC
Companies, a leading product and service provider to the
transportation industry. ABC partnered with Lightning eMotors after
conducting a global search for a powertrain provider with the
scope, scale, experience, and expertise to provide new and
repowered zero-emission vehicles as well as charging solutions for
large corporate and municipal customers.
“We’re seeing a significant uptick in interest in these vehicles
as the world comes back from COVID, and return-to-work life is
accelerating,” ABC Companies president and CCO Roman Cornell said.
“Our previous work with Lightning eMotors provides insight that
these repowered vehicles will not only surpass customer
expectations, but also have the capability to spark a trend in and
beyond the Bay Area as companies across the nation continue to seek
out new sustainable solutions.”
“Repowering commercial vehicles from gas or diesel to
all-electric is a great option during these times of rapidly rising
new vehicle prices resulting from supply chain constraints,” said
Kash Sethi, chief revenue officer for Lightning. “Lightning is one
of the only companies today that has the capability to repower
older vehicles, electrify new vehicles, and simultaneously develop
our own eChassis for release in 2023. This kind of innovation and
flexibility is what makes Lightning an undisputed leader in this
fast-growing market.”
About Lightning eMotors
Lightning eMotors (NYSE: ZEV), based in Loveland,
Colorado, has been providing specialized and sustainable fleet
solutions since 2009, deploying complete zero-emission-vehicle
(ZEV) solutions for commercial fleets since 2018 – including Class
3 cargo and passenger vans, Class 4 and 5 cargo vans and shuttle
buses, Class 4 Type A school buses, Class 6 work trucks, Class 7
city buses, and motor coaches. The Lightning eMotors team designs,
engineers, customizes, and manufactures zero-emission vehicles to
support the wide array of fleet customer needs including school
buses and ambulances, with a full suite of control software,
telematics, analytics, and charging solutions to simplify the
buying and ownership experience and maximize uptime and energy
efficiency. Lightning eMotors also offers charging technologies and
“charging as a service” (CaaS) to commercial and government fleets
under its Lightning Energy brand. To learn more, visit
https://lightningemotors.com.
About ABC Companies
ABC Companies is a leading provider to the transportation
industry with diverse product and service offerings that cover a
full spectrum of operational needs including new and pre-owned
full-size highway coach equipment along with transit and specialty
vehicles including battery electric vehicles. ABC supports
customers with a comprehensive after sale service network for
service and repairs, collision services, extensive OEM and quality
aftermarket parts needs for transit, motorcoach and heavy-duty
equipment from strategically placed locations throughout the United
States and Canada. Additionally, private and municipal financing
and leasing options are available through the company’s financial
services group – one of the largest financial service providers
within the industry. For more information, contact ABC Companies at
800-222-2875 or visit the company web site at
https://www.abc-companies.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. Such forward-looking statements include but are
not limited to expected changes to corporate adoption of repowered
vehicles and Lightning eMotors’ expectations, hopes, beliefs,
intentions, plans, prospects or strategies regarding the future
business plans. Any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking
statements. In addition, any statements that refer to projections,
forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. The forward-looking
statements contained in this press release are based on certain
assumptions and analyses made by the management of Lightning
eMotors in light of their respective experience and perception of
historical trends, current conditions and expected future
developments and their potential effects on Lightning eMotors as
well as other factors they believe are appropriate in the
circumstances. There can be no assurance that future developments
affecting Lightning eMotors will be those anticipated. These
forward-looking statements contained in this press release are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause actual results or outcomes to be
materially different from any future results or outcomes expressed
or implied by the forward-looking statements. These risks,
uncertainties, assumptions and other factors include, but are not
limited to: (i) those related to Lightning eMotors’ operations and
business and financial performance; (ii) the ability of Lightning
eMotors to execute on its business strategy and grow demand for its
products and revenue; (iii) the potential increases in costs or
shortage of materials required to develop and manufacture Lightning
eMotors’ products; (iv) the potential severity, magnitude and
duration of the COVID-19 pandemic as it affects the business
operations, global supply chains, financial results and position of
Lightning eMotors and on the U.S. and global economy; (v) current
market conditions and federal, state, and local laws, regulations
and government incentives, particularly those related to the
commercial electric vehicle market; (vi) the size and growth of the
markets in which Lightning eMotors operates; (vii) the mix of
products utilized by Lightning eMotors’ customers and such
customers’ needs for these products; (viii) market acceptance of
new product offerings and whether this will be a catalyst for
others to purchase electric vehicles and (ix) the rate at which
customers deploy its electric vehicle. These and other risks are
described more fully in Lightning eMotors’ filings with the
Securities and Exchange Commission and other documents that it
subsequently files with the SEC from time to time. Moreover,
Lightning eMotors operates in a competitive and rapidly changing
environment, and new risks may emerge from time to time. You should
not put undue reliance on any forward-looking statements.
Forward-looking statements should not be read as a guarantee of
future performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved, if at all. Should one or more of these
risks or uncertainties materialize or should any of the assumptions
being made prove incorrect, actual results may vary in material
respects from those projected in these forward-looking statements.
Lightning eMotors undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220629005293/en/
Lightning eMotors news media contact: Nick Bettis (800)
223-0740 pressrelations@lightningemotors.com
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