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Lightning eMotors has been a pioneer in providing specialized and sustainable fleet solutions since 2010. They deploy complete zero-emission-vehicle (ZEV) solutions for commercial fleets, including purpose-built class 3 cargo and passenger vans, class 4 and 5 cargo vans, shuttle buses, work trucks, city buses, and motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles tailored to meet various fleet customer needs, such as school buses and ambulances. They offer a full suite of telematics, analytics, and charging solutions to simplify the buying and ownership experience while maximizing uptime and energy efficiency.
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Lightning eMotors, Inc. and its subsidiary Lightning Systems, Inc. have entered into an Asset Purchase Agreement to sell their assets for $12.6 million in cash. The buyer does not intend to continue the business of selling and servicing zero-vehicle emission vehicles. Shareholders will not receive any distributions from the transaction.
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Lightning eMotors (ticker: ZEV) reported its highest quarterly revenue in company history, with GAAP revenue of $12.4 million and adjusted revenue of $12.7 million. The company sold 110 vehicles, including 69 ZEV3 vehicles and 41 ZEV4 vehicles. They received an order for five ZEV4 electric shuttle buses from St. Louis Lambert International Airport and continue to build the pipeline for their Lightning Mobile DC Fast Charger. Lightning eMotors also announced progress toward positive gross margin and received ISO 9001:2015 certification. However, they reported a net loss of $50.7 million during the quarter, largely due to non-cash impairments of $22.9 million.
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Lightning eMotors, Inc. (OTC: ZEVY) Announces Change in Q3 2023 Earnings Release Date
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Lightning eMotors, Inc. (OTC: ZEVY) will release its third quarter 2023 results on November 14, 2023, after the market closes.
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Lightning eMotors reaches 10TB milestone for its Lightning Insights telematics system
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Lightning eMotors announces up to $40,000 credit for select vehicles
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Lightning eMotors produced 55 complete vehicles in Q3 2023 and expects to report record revenue for the quarter.
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FAQ
What is the current stock price of LIGHTNING EMOTORS (ZEVY)?
The current stock price of LIGHTNING EMOTORS (ZEVY) is $0.001 as of July 25, 2024.
What is the market cap of LIGHTNING EMOTORS (ZEVY)?
The market cap of LIGHTNING EMOTORS (ZEVY) is approximately 263.7K.
What does Lightning eMotors specialize in?
Lightning eMotors specializes in providing sustainable fleet solutions with zero-emission-vehicle (ZEV) options for commercial fleets.
When was Lightning eMotors established?
Lightning eMotors has been providing specialized fleet solutions since 2010.
What type of vehicles does Lightning eMotors offer?
Lightning eMotors offers purpose-built class 3 cargo and passenger vans, class 4 and 5 cargo vans, shuttle buses, work trucks, city buses, and motor coaches, all with zero-emission capabilities.
What services does Lightning eMotors provide?
Lightning eMotors designs, engineers, customizes, and manufactures zero-emission vehicles tailored to meet a wide array of fleet customer needs.
How does Lightning eMotors support fleet operations?
Lightning eMotors provides a full suite of telematics, analytics, and charging solutions to simplify the buying and ownership experience, maximizing uptime and energy efficiency for fleet operators.
What is the mission of Lightning eMotors?
The mission of Lightning eMotors is to provide sustainable fleet solutions with advanced zero-emission-vehicle technology to reduce environmental impact and enhance fleet efficiency.
Where is Lightning eMotors based?
Lightning eMotors is based in Loveland, Colorado.
How can I learn more about Lightning eMotors?
To learn more about Lightning eMotors and their offerings, visit their website at http://lightningemotors.com.
What recent announcement was made by Lightning eMotors?
Lightning eMotors, Inc. announced an Asset Purchase Agreement for the sale of assets by their receiver, Cordes & Company, for $12.6 million in cash, subject to approval by the District Court of Larimer County, State of Colorado.
What will happen to the shareholders of Lightning eMotors as a result of the Asset Purchase Agreement?
The shareholders of Lightning eMotors will not receive any distributions in the receivership or as a result of the transaction under the Asset Purchase Agreement.
LIGHTNING EMOTORS INC
OTC:ZEVY
ZEVY Rankings
ZEVY Stock Data
263.74k
5.14M
24.96%
0.3%
6.84%
Farm & Heavy Construction Machinery
Industrials
United States of America
Loveland