The near failure of battery startup Romeo Power — acquired by Nikola Corp. in an all-stock deal in August — took a toll on startup electrification converter Lightning eMotors, which expects fourth-quarter revenue to fall 80% below projections.
The shortage of Romeo battery packs for the medium-duty trucks and buses that Lightning eMotors converts to run on electricity reduced its Q4 revenue projection to $4 million from $13 million to $18 million, the Loveland, Colorado-based company said...
https://www.freightwaves.com/news/fallout-from-romeo-power-near-collapse-stings-lightning-emotors