Lightning Systems raises USD41m from investors to ramp up EV production
By Jim Gibbins - 1st January 2020
USA - Colorado-based Lightning Systems, a developer of zero-emission drivetrains, has raised USD41m in equity, debt and working capital funding from existing and new investors. The round was led by BP Ventures*, with participation from other existing investors and new investor, Cupola Infrastructure Income Fund, LLLP, a private equity fund focused on sustainability and infrastructure opportunities.
The proceeds from the new funding is to be used to ramp up production to fulfil new orders for electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet Low Cab Forward 6500XD trucks and Lightning Electric city buses.
