Lightning eMotors unveils the next one – GuruFocus.com

Lightning eMotors (NYSE:ZEV), a leading provider of zero-emission medium utility vehicles and electric vehicle technology for fleets, today announced the unveiling of its second-generation Lightning Mobile chargers for electric vehicles commercial and consumer (VE).

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Lightning Mobile is a versatile charging solution that can be used in many scenarios (Image: Lightning eMotors)

Uniquely designed to fit a number of use cases, the first-of-its-kind mobile DC fast charger provides rapid deployment of reliable charging capabilities in locations where static charging stations are not possible or which only have a level 2 power supply, all without the constraints linked to the installation of static charging stations.

Each modular unit offers a battery capacity of between 105 and 420 kWh and offers the option of up to 5 DC fast charging outputs. The new systems are currently available to order for delivery in late 2022.

“We are extremely excited to bring our next-generation Lightning Mobile charging solution to market to address the growing need for readily available, mobile, and flexible DC fast charging,” said Tim Reeser, CEO of Lightning eMotors. “Lightning Mobile provides an essential charging solution for everything from mobile disaster relief and rescue to intermittent charging points in facilities such as sports stadiums that need a charging and power solution for EVs in a variety of locations, and can also serve as a short to medium term charging solution for fleets to rapidly deploy EVs while waiting for permanent infrastructure to be installed.

The next-generation Lightning Mobile solution was designed, engineered, and developed over a 12-month learning period through exploitation of the first-generation prototype. Engineers rigorously tested the prototype and its capabilities to develop next-generation charging capability that has proven to be the ideal solution for charging commercial trucks, vans, buses and cars in remote locations, events and deposits.

“A recent survey found that 90% of fleet managers believe electric vehicles will be the future of commercial fleets,” said Brandon McNeil, vice president of Lightning Energy. “Lightning’s next-generation mobile charger can support an accelerated rate of adoption of electric utility vehicles during their depot charging installation, a process that, unfortunately, can be time-consuming.”

Lightning’s new mobile charging solution can support a variety of battery capacities and outputs to accommodate customer use cases. The modular unit also features the same advanced technologies as Lightning’s powertrains, including active thermal management for optimal battery performance and longevity and sophisticated telematics/analytics to optimize overall fleet operations and safety cars.

To address both short-term and long-term use cases, Lightning Mobile will be available for purchase or through variable-term leases. please contact [email protected] for more information.

About Lightning eMotors

Lightning electric motors (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 and Class 4 and 5 vans and shuttles, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses and coaches. The Lightning eMotors team designs, engineers, customizes and manufactures zero-emission vehicles to meet the wide range 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 and “charging as a service” (CaaS) technologies to commercial and government fleets through its Lightning Energy division. To learn more, visit https%3A%2F%2Flightningemotors.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. These forward-looking statements include, but are not limited to, the expected acceleration of electric vehicle deployment that a mobile charging solution will bring to fleet deployment, anticipated production dates, and expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding future business plans. All statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of such words does not mean that a statement is not prospective. The forward-looking statements contained in this press release are based on certain assumptions and analyzes 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 effects. potential on Lightning eMotors as well as such other factors as they deem appropriate in the circumstances. There can be no assurance that future developments affecting Lightning eMotors will be as 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 results to differ materially from any future results or results expressed or implied. – understood by forward-looking statements. . These risks, uncertainties, assumptions and other factors include, but are not limited to: (i) those relating to the operations and business and financial performance of Lightning eMotors; (ii) Lightning eMotors’ ability to execute its business strategy and increase demand for its products and revenues; (iii) potential cost increases or shortages of materials necessary to develop and manufacture Lightning eMotors’ products; (iv) the potential severity, scale and duration of the COVID-19 pandemic as it affects business operations, global supply chains, financial results and position of Lightning eMotors and the US and world economy; (v) current market conditions and federal, state and local governmental laws, regulations and 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 used by Lightning eMotors customers and the needs of those customers for those 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 vehicles and other products. These and other risks are described in greater detail in Lightning eMotors’ filings with the Securities and Exchange Commission and in other filings it subsequently files with the SEC from time to time. Additionally, Lightning eMotors operates in a competitive and rapidly changing environment, and new risks may arise from time to time. You should not place undue reliance on forward-looking statements. Forward-looking statements should not be construed as a guarantee of future performance or results and will not necessarily be precise indications of the times at which or by which such performance or results will be achieved, if any. Should one or more of these risks or uncertainties materialize, or should any of the assumptions made prove incorrect, actual results may differ materially 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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Robert M. Larson