Funding Secured: Lightning Systems Raises $41 Million To Ramp Up Production
Credit to Author: Kyle Field| Date: Tue, 10 Dec 2019 18:10:28 +0000
Loveland, Colorado-based commercial EV builder Lightning Systems just closed a $41 million round of financing comprised of equity, debt, and working capital line funding from a variety of investors. Lightning Systems plans to use the new funding to scale up production of its electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet Low Cab Forward 6500XD trucks, and Lightning Electric city buses