Manufacturing  August 17, 2023

Lightning eMotors explores sale amid supply-chain, cash-flow crunch

LOVELAND — Leaders with Lightning eMotors Inc., the Loveland manufacturer of light electrically powered trucks and buses, told investors this week that they are exploring the possibility of selling the company amid ongoing supply-chain and cash-flow challenges.

“We have actively been working with advisors, including an investment bank, to approach parties interested in helping us scale the business via additional financing, recapitalization and/or strategic partnerships, and also to explore the sale of the company,” Lightning chief financial officer David Agatston said on a conference call held after the firm released its second quarter earnings report. “… We hope to have…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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