![]() “This growth is being driven by existing customers making repeat orders. “We see that kind of growth being sustainable over the next several years,” Reeser said. In the last year, they have seen a staggering 600% growth in orders and 600% growth in deliveries and Tim believes that growth is sustainable for the coming year. Improved prices have translated to meaningful growth for Lightning eMotors. “We’ve been able to share in the fact that Tesla got enough volume up there to drive the price down on some of these components.” The sharp drop in upstream component prices was driven by the tidal shift in the electrification of the broader automotive industry. “We started to see cost reductions in batteries driven by the automotive volume that’s happening,” Tim said. “Over the last year, those of us in the space have seen prices coming down and volume going up,” Tim said. As a result, customers ordered even more products, driving purchasing volumes up, resulting in even better numbers. The single biggest variable was the price of upstream components from suppliers going down, leading to better ROIs for customers. Thankfully, Tim believes the industry just moved past this critical tipping point in the last 12 months. If customers will make less money in an electric vehicle than a comparable internal combustion vehicle, developing a sustainable pipeline of orders is difficult. It is a beast of an undertaking but, after years of building their team, developing capability, finding suppliers willing to invest in electric vehicle components, and finding what feels like the perfect home in a massive campus with room for them to grow into, Lighting eMotors has emerged as the dominant player in the space.ĬEO Tim Reeser explained to me that a key enabler for the entry of commercial electric vehicles into the mainstream is very simply the return on investment. ![]() Lightning eMotors’ bread and butter is their ability to identify and quickly develop scalable electrified builds of niche vehicle segments in the commercial space, spanning from Class 3 transit vans all the way up to fully electric Class 6 box trucks. I have no formal training driving a vehicle that large and was pleasantly surprised to find that it was very easy to drive and thankfully, we made it back to the factory with everyone we left with. ![]() I drove the Class 6 box truck last time I visited so I volunteered to drive the team of analysts around in a massive shuttle bus. ![]() The call provided a forum for institutional financial analysts to hear from the Lightning eMotors leadership team and ask questions about the newly listed company (trading under ticker symbol: $ZEV).Īfter the analyst call, attendees had a chance to tour the newly expanded factory, talk with the Lightning eMotors team and even take their electric vehicles for a spin around the parking lot. The day kicked off with an informative, live streamed analyst call that provided a solid grounding in the company and performance, with the usual forward looking statements rolled in. If such a phenomenon as lightning, falling from a cloudless sky, is disbelieved by men of science, may not the circumstance stated above be explained by supposing the man to have been killed by the fall of an aërolite? Humboldt, in his Kosmos, mentions two such instances.Lightning eMotors has been cranking out high quality electric vehicles for years now and shortly after going public, hosted a range of customers, analysts, and media at Lightning Day 2021 at its Loveland, Colorado factory. Pliny also mentions this case, adding that it happened at Pompeii. They do not explain, for instance, what is stated by Cicero amongst the portents which preceded the conspiracy of Catiline-“that a Roman citizen was killed by lightning on a cloudless day”. These explanations, however, do not meet the case as stated by good observers amongst the ancients themselves. I have also seen it stated that in the calm and clear atmosphere of Italy, thunder might be audible under similar conditions. The former is often explained as referring to the phenomenon commonly known as “summer lightning”, or the reflection in the sky of lightning from clouds below the horizon, which becomes visible at night. WE constantly find allusions in ancient classical authors, to lightning and thunder occurring in a clear sky.
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