Lightning eMotors, based in Loveland, Colorado, is a leading provider of commercial zero-emission vehicles for fleets. On May 7, the company began trading its common stock on NYSE under the new symbol “ZEV.”
“Trading on the exchange and ringing the bell on Wall Street are big milestones for our company,” said Tim Reeser, CEO of Lightning eMotors. “However, we remain focused on the task at hand. In the past six months, we’ve added 22 new fleet customers, giving us an overall total of 46 fleet customers. We have vehicles on the road in 17 different market segments, including corporate and educational campus transit, micro and mass transit, middle-mile and last-mile delivery, airport shuttles, food trucks, postal delivery, and electrical services. Many of our customers also are placing repeat orders after successful initial deployments.
“We are taking a few minutes today to celebrate, but then it is back to engineering, designing, and delivering great zero-emission vehicles for our growing base of customers,” Reeser said.
Last week, Lightning eMotors reported first quarter revenue of $4.6 million, having delivered vehicles across five specialty vehicle applications despite global supply chain challenges.
A video featuring Lightning eMotors’ zero-emission vehicles is being shown from now until the end of June on the ABC SuperSign billboard in the southeast corner of Times Square (44th and Broadway). Lightning also had a banner of its vehicle lineup featured on the front of the NYSE Building today, and a Lightning Electric Transit Van from DHL Express is on display this morning outside of the exchange.
Lightning eMotors is the only electric commercial vehicle manufacturer to sell and deliver zero-emission vehicles (ZEV) in Class 3, 4, 5, 6 and 7, including passenger vans, ambulances, shuttle buses, last-mile delivery vans, box trucks, and motor coaches for customers in parcel and delivery, micro transit, airport parking operations, and electric utilities.
Based on reported numbers from other manufacturers, Lightning eMotors has more zero-emission medium-duty commercial vehicles on the road today than any other manufacturer in North America. The company now has more than 140 zero-emission Class 3 through Class 7 vehicles in service, all with 1 Hz telematics providing big-data information on commercial electric vehicles’ range, payload, efficiency and reliability.