Lightning eMotors Inc (ZEVY)

[WeTheMarket]

Lightning eMotors Joins with General Motors to Electrify Medium Duty Trucks
February 2, 2022
https://lightningemotors.com/lightning-emotors-joins-with-general-motors-to-electrify-medium-duty-trucks/

Summary
- Lightning eMotors and GM to collaborate on the development of zero tailpipe emission battery-electric trucks for medium-duty commercial fleet customers
- Lightning eMotors to build all-electric medium-duty commercial vehicles on popular GM platforms
- GM relationship supports growth of Lightning eMotors production volume potential with production expected to begin in 2022

LOVELAND, Colo., February 2, 2022 – Lightning eMotors (NYSE: ZEV), a leading provider of zero emissions medium duty commercial vehicles and electric vehicle technology for fleets, has reached an agreement with General Motors to be the first GM Specialty Vehicle Manufacturer (SVM) to provide fully electric Class 3 through Class 6 commercial vehicles.

Under the agreement, Lightning eMotors will electrify popular medium duty truck platforms provided by General Motors, which can be used for several vehicle applications like school buses, shuttle buses, delivery trucks, work trucks and more.

General Motors Fleet provides a variety of platforms which are designed for qualified Specialty Vehicle Manufacturing customers to upfit vehicles across a broad range of industries and applications.

“We are thrilled that GM is working with Lightning eMotors to make GM’s medium duty truck platform the basis for new electric vehicles,” said Lightning eMotors’ CEO and co-founder Tim Reeser. “GM’s inclusive approach to electrification is a great match for Lightning’s position and role as a leading powertrain supplier in the commercial vehicle space. Commercial vehicles and commercial vehicle powertrains are complex, with thousands of unique components, requiring years of custom software development and on-road testing—and Lightning has products in fleet use today and ready for customers to roll out this year.”

“General Motors has a goal of bringing everybody in on the electric future, and together with Lightning we have an opportunity to have more commercial drivers experience the benefits of EVs,” said Marissa West, executive chief engineer for midsize trucks, medium duty trucks, and vans at GM. “Our medium duty truck platform provides a strong, dependable foundation for a broad range of possible vehicles.”



Lightning has developed a flexible manufacturing approach that provides scalable and cost-effective electrification for medium-duty specialty vehicles1 such as utility trucks, school buses, and ambulances. Electrifying these vehicles results in large operating cost savings, better performance, and zero tailpipe emissions. Lightning eMotors has seen dramatic growth in orders over the last three years from its customers.

“GM has a long history in commercial vehicle markets,” said Lightning eMotors’ chief revenue officer Kash Sethi. “Lightning’s products are purpose-fit for these vehicles, classes and applications, allowing us to move quickly to support our medium duty truck and bus partners and customers.”

Lightning eMotors will electrify certain GM platforms at its manufacturing campus2 in Loveland, Colorado and expects production will begin before the end of 2022. Completed chassis will be shipped to commercial vehicle manufacturers.

“GM has provided chassis to commercial vehicle upfitters and fleets for many years, so to now offer electrified versions of these vehicles with Lightning’s powertrains demonstrates our joint vision towards an electrified future that is putting vehicles on the road today,” said Reeser. “We are at the forefront of specialty vehicle fleet electrification.”

About Lightning eMotors

Lightning eMotors (NYSE: ZEV) 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, ambulances, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and Class A motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs 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. To learn more, visit our website at https://lightningemotors.com.

Lightning eMotors’ News Media Contact:
Nick Bettis
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Lightning eMotors’ Investor Relations:
Brian Smith
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