Lightning storm
Electric-vehicle company grew fast, collapsed faster
LOVELAND— “The opportunities at Lightning eMotors have never been greater,” the Loveland-based company’s CEO told shareholders last year.
Today, however, the ambitious Loveland-based startup that designs and builds electric vehicles for commercial and government fleets has reached the end of its road.
Its 15-year journey was marked by rapid growth, pioneering innovations, major contracts, global acclaim and emergence into public trading using an alternative business tactic. In the final miles, however, its underpinnings were damaged by supply-chain challenges, the failure of a pair of battery makers, massive losses and a bevy of lawsuits that all led to the collapse of its share…
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