Lightning eMotors, Inc. - ZEV STOCK NEWS

Lightning eMotors reported a record first quarter revenue of $5.4 million, an 18% increase year-over-year, selling 68 units. The company announced new partnerships with Blue Bird Corporation and Perrone Robotics to enhance its electric powertrains and autonomous vehicle options. Despite challenges in supply chain affecting chassis production, the order backlog stood at over 1,500 units valued at $167.8 million. For Q2 2022, revenue guidance is expected between $6 million to $8 million, with sales of 55 to 75 units.

Lightning eMotors (NYSE: ZEV) has partnered with Perrone Robotics to offer self-driving electric vehicles for Class 3 - 7 commercial fleets. This collaboration enhances Lightning's zero-emissions platform with Perrone's autonomous technology, TONY®, which is vehicle-agnostic and can be deployed for various dedicated uses. The first customer, PIDC, has ordered an all-electric shuttle for the Philadelphia Navy Yard, demonstrating immediate market interest. Lightning plans to offer Level 2 and Level 4 autonomous applications, catering to rising demand in sectors such as logistics and urban transport.

Lightning eMotors (NYSE: ZEV) is set to announce its first quarter 2022 financial results on May 13, 2022, before the market opens. A conference call will follow at 8:30 a.m. Eastern Time, which can be accessed via the company's website or by phone. As a provider of zero-emission vehicles and fleet solutions since 2009, Lightning eMotors offers a range of vehicles aimed at sustainability, including various classes of vans, buses, and trucks. The company also provides charging technologies through its Lightning Energy division.

Lightning eMotors (NYSE: ZEV) has expanded its partnership with Forest River to introduce a factory-certified all-electric repower program for shuttle buses and passenger vans. With over 50,000 vehicles eligible for this initiative across the U.S. and Canada, the program aims to reduce emissions and extend the lifespan of these vehicles. Lightning eMotors offers a five-year, 100,000-mile warranty on its powertrains. This agreement follows a previous $850 million partnership aimed at producing zero-emission Class 4 and Class 5 buses, reflecting a strategic response to growing demand for sustainable transportation.

Lightning eMotors reported a record revenue of $21.0 million for 2021, marking a 131% increase year-over-year, and $4.2 million for Q4, representing a 13% rise YOY. The company delivered 146 zero-emission vehicles in 2021, up 103%. Key partnerships with GM and Forest River were announced, aiding supply chain challenges. However, the net loss for 2021 was $100.8 million, worsening from $37.7 million the previous year. The company anticipates Q1 2022 revenue of $5.0-$6.0 million but faces chassis supply constraints.

Lightning eMotors (NYSE: ZEV), based in Loveland, Colorado, will present at the BofA STAARS Summit 2022 on March 21, 2022, at 11:45 a.m. ET. CEO Tim Reeser will lead the presentation, which can be viewed via a webcast on the company's investor page. Established in 2009, Lightning eMotors specializes in zero-emission vehicles, offering solutions for various commercial fleets since 2018. The company provides a range of vehicles including vans, buses, and trucks, along with charging technologies and services to optimize fleet operations.

Lightning eMotors, Inc. (NYSE: ZEV) is set to release its fourth quarter 2021 results on March 28, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Investors can listen to the call via the Investor Relations section of the company's website or by phone. Based in Loveland, Colorado, Lightning eMotors has been specializing in zero-emission vehicles for commercial fleets since 2018.

REV Group (NYSE: REVG) has delivered an all-electric ambulance to DocGo, a leader in last-mile medical services, marking a significant step towards sustainable healthcare solutions. Manufactured at Leader Emergency Vehicles in South El Monte, CA, this zero-emission ambulance promises to reduce transportation costs and environmental impact. The vehicle features advanced battery capacity, supporting various charging methods. This initiative aligns with DocGo's ambition to establish an all-electric fleet by 2032, with collaboration from Lightning eMotors to electrify the ambulance chassis.

DocGo, a leader in mobile health services, unveiled the first all-electric, zero-emissions ambulance in the U.S., part of their initiative to achieve an all-electric fleet by 2032. This sustainable vehicle is significantly less polluting than standard ambulances, reducing emissions by 90%. It not only supports environmental goals but may also lower patient transportation costs due to reduced fuel and maintenance expenses. Collaborating with Lightning eMotors, DocGo aims to innovate healthcare delivery while prioritizing sustainability.