LOVELAND, Colo- (BUSINESS WIRE) – Lightning eMotors (“Lightning eMotors” or the “Company”), a leading provider of commercial electric vehicles for fleets, today announced a $ 45 million order for its zero-emission propulsion systems from Faribault, Minnesota resident coach operator ABC Companies The first emission-free coach was delivered in December

The order includes a mix of new Lightning eMotors vehicles and new zero-emission powertrain systems developed by Lightning eMotors for ABC Companies to install in customers’ previously operated vehicles

As part of the contract and partnership, Lightning eMotors has trained ABC Companies staff to install and maintain Lightning Electric propulsion systems In addition to Class 8 coaches, ABC Companies order includes Class 3 Lightning Electric Transit, Lightning Electric E passenger cars -450 Class 4 shuttles, Lightning Electric F-550 Class 5 shuttles, and Class 7 transit buses

“The first touring coach delivered met the high expectations of many of our customers,” said Roman Cornell, ABC Companies President and Chief Commercial Officer. “It has excellent performance and a range of over 200 miles on a single charge Lightning’s energy division can support the installation of fast charging systems that meet the strict requirements of our customers. This agreement shows our commitment to working with Lightning eMotors and sets out our order plans for the next 24 months “”

The electric buses offered by ABC Companies include both touring coaches and high capacity double decker buses

“With a torque of 3445 Newton meters, the Lightning eMotors electric coaches are our most powerful and most advanced drive train to date, “said Tim Reeser, CEO of Lightning eMotors.” They have a modular, liquid-cooled 800-volt battery system with up to 640 kilowatt hours of energy, which has a range of around 200 miles in the real world and can be fully charged in three hours via DC Fast Charge

“The bus drivetrain is our seventh commercial electric vehicle drivetrain developed on our modular, proprietary software and hardware platform,” added Reeser, “With more than 500 components and a variety of custom systems, including complicated wiring harnesses, DC fast charging systems, control software , Framework and several high voltage HVAC components, we developed the powertrain in less than a year the value of our accelerated building block platform ”

Despite the complexity, the powertrain is designed to be quickly installed by trained NBC technicians in their facilities across North America

The partnership with Lightning eMotors came after ABC Companies conducted a global search for a powertrain supplier with the scope, scope, experience and expertise to provide zero-emission vehicles and charging solutions to large corporate and municipal customers. ABC also liked that Lightning eMotors was in the Would be able to develop custom zero-emission repower kits for a wide variety of customers and vehicle applications, Cornell said

“Many of our large customers on company and university campuses are planning to go fully electric again when they start up We are therefore delighted that with our diesel-to-to solutions we can immediately offer both new electric buses and zero-emission repower solutions, “added Cornell

The Repower program will be launched in the SVT (Specialty Vehicles and Technologies) division of ABC Companies and underscores the company’s focus on lowering the barriers to entry for coach operators in the EV market

Not only does ABC offer a full suite of ZEV repower options for coaches, it will also become an authorized nationwide service center and distributor for new repower options for Lightning’s popular shuttle vans and cutaway applications eMotors such as Lightning Electric Transit Passenger Cars and Lightning Electric E-450 and F-550 Shuttles “Many of our customers use these vans and shuttles for various short trips such as airport trips and hotel shuttles as well as last-mile services for smaller groups,” said Reeser “These vehicles offer very compelling Total Cost of Ownership. And since fleets are targeting the vehicles and routes they’ll electrify first, we need to be ready to meet those requirements

“The smoothness, quietness and performance of these electric buses change drivers, passengers and drivers significantly,” added Reeser. “We offer a full range of high-performance, low-cost zero-emission vehicles that support every operator’s sustainability goals”

Last month, Lightning eMotors and GigCapital3, Inc (“GIK” or “GigCapital3”) (NYSE: GIK), a specialty acquisition company, announced that it has entered into a definitive business combination agreement with GigCapital3’s initial filing of a combined power of attorney / prospectus on Dec. On December 31, 2020, the upcoming business combination of Lightning eMotors with GigCapital3 remains on track to an expected closing in the first quarter of 2021, subject to the approval of GigCapital3 and Lightning eMotors shareholders and other terms and conditions for the closing after the business combination is completed, the combined operating company will become Lightning called eMotors and listed on the New York Stock Exchange under the ticker symbol [“ZEV”]

ABC Companies is a leader in the transportation industry with a diverse range of products and services that cover a wide range of operational needs, including full-size new and used highway bus equipment, transit and specialty vehicles including battery electric vehicles. ABC supports customers with a comprehensive after-sales network for service and repairs, collision services, extensive OEM and high-quality spare parts needs for transit, coach and heavy-duty equipment in 10 strategically located locations in the US and Canada. In addition, private and municipal financing and leasing options are available through the company’s financial services group – one of the largest financial services provider in the industry For more information, contact ABC Companies at 800-222-2875 or visit the company’s website at https: // wwwabc-firmencom

Lightning eMotors offers complete emission-free vehicle solutions (ZEV) for commercial fleets – from class 3 trucks, passenger cars and ambulances to class 4 shuttle buses and vans to class 6 work trucks, class 7 city buses and class 8 coaches The Lightning eMotors- Team designs, constructs, fits and manufactures electric vehicles to meet a wide range of customer fleet needs It offers a comprehensive range of telematics, analysis and charging solutions to simplify the buying and ownership experience and to maximize availability and energy efficiency

For more information, please visit https: // lightningemotorscom and follow us @LightningeMtrs on Twitter, Lightning eMotors on LinkedIn and @LightningeMotors on Instagram

GigCapital Global (“GigCapital”) is a technology, media and telecommunications (TMT) investment group led by a connected team of technology industry executives and entrepreneurs, as well as operational and strategic experts from TMT covering the private and public markets, including large, unsuccessful M&A and IPO activities The group employs a unique Mentor-Investors ™ methodology to partner with exceptional TMT companies managed by dedicated and experienced entrepreneurs The GigCapital Private-to-Public Equity (PPE) (also known as blank check companies or Special Purpose Acquisition Companies (SPACs)) U offer financial, operational and executive mentoring S. and overseas private and non-US publicly traded companies to accelerate their way from inception and as a privately held company to the growth phase as a publicly traded company in the US GigCapital’s partnership with these companies will continue through a growth in organic strategy and roll-up strategy after transitioning to a public company GigCapital was launched in 2017 with a vision to be the leading franchise company in the creation and development of TMT To become a private-to-public equity (PPE) company For more information, please visit wwwgigcapitalglobalcom or https: // wwwGigCapital3com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to the business combination between GigCapital3 and Lightning eMotors and its completion, as well as the expectations, hopes, beliefs, intentions, plans, prospects or strategies relating to the business combination and future business plans of the Lightning eMotors and GigCapital3 management teams and the revenue growth and financial performance of Lightning eMotors, the Facilities, product expansion, services, and product deliveries and capabilities All statements contained herein that are not historical facts may be viewed as forward-looking statements. In addition, all statements that are relate to projections, projections or other characterizations of future events or circumstances, including any underlying assumptions, forward-looking statements. The words “anticipate”, “believe”, “continue”, “may”, “estimate”, “expect”, “intend” “,” may, “” could, “” plan, “” possible, “” potentially “,” forecast, “” project, “” should, “” dignity, “and similar expressions identify forward-looking statements, but the absence of these words means The forward-looking statements contained in this press release are based on certain assumptions and analyzes that the management of GigCapital3 and / or Lightning eMotors based on their respective experiences and their perception of historical trends, current conditions and expected future developments as well as their potential has an impact on Lightning eMotors and GigCapital3 as well as other factors There can be no assurance that future developments involving Lightning eMotors or GigCapital3 will be anticipated by the parties. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of the parties) or other assumptions that could cause actual results or performance to differ materially from those expressed or implied in these forward-looking statements These include that GigCapital3 shareholders approve the transaction, that the company can meet NYSE listing standards after the merger, that products and services will be accepted, and that once the transaction is approved, Lightning eMotors will have sufficient capital to function as expected One or more of these risks or uncertainties materialize, or should one of our assumptions prove incorrect, actual results may differ materially from those projected in these forward-looking statements. Further factors that could cause actual results to differ are shown below Heading “Risk Factors” and in other sections of GigCapital3’s filings with the SEC and in GigCapital3’s current and periodic reports filed or filed with the SEC from time to time, discusses all forward-looking statements The genes in this press release are made as of the date of this document and are based on information available to GigCapital3 and / or Lightning eMotors as of the date of this document GigCapital3 and Lightning eMotors undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for other reasons, unless this is required by applicable securities laws

GigCapital3 filed a declaration of registration on Form S-4 (file number 333-251862) which contained a prospectus regarding the securities of Lightning eMotors to be issued in connection with the business combination and a proxy declaration regarding GigCapital3’s shareholders meeting contains the business dominance (as amended, the “GigCapital3 Proxy Declaration” / Prospectus “), with which US. Securities and Exchange Commission (the “SEC”) Lightning eMotors and GigCapital3 urge investors and other interested parties to read GigCapital3’s proxy statement / prospectus and other documents filed with the SEC because these documents are important information about the business combination The GigCapital3 Proxy Statement / Prospectus and other relevant materials for the business combination will be sent to the shareholders of GigCapitl3 on the deadline set for the voting on the business combination

Shareholders can obtain a copy of the preliminary power of attorney / prospectus and other documents filed by GigCapital3 with the SEC free of charge on the SEC’s website at www by submitting a request to Brad Weightman, Vice President and Chief Financial Officer of GigCapital3, Inc1731 Embarcadero Rd, Suite 200, Palo Alto, CA 94303 or call (650) 276-7040

Lightning eMotors, GigCapital3 and their respective directors and officers, as well as others, may be considered participants in the solicitation of proxies from GigCapital3 shareholders in relation to the proposed business combination and related transactions. Information on the directors and officers of GigCapital3 can be found in the final prospectus, which will be published on 15 Filed with the SEC on May 28, 2020 under Rule 424 (b) (4) Additional information regarding the proxies and a description of their direct and indirect interests are included in the preliminary and definitive proxy statements / prospectuses relating to the proposed business combination and Obtain the related transactions as soon as they are available and obtainable free of charge from the sources indicated above

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor is any sale of securities taking place in any country where the offer, solicitation or sale prior to registration or qualification would be unlawful the securities laws of any such jurisdiction


World news – USA – Lightning eMotors supplies ABC company with the first fully electric touring coach and receives order for 200 emission-free vehicles