Lightning eMotors

No signs of panic as Nikola gets 2nd Nasdaq delisting warning

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Nikola Corp.’s languishing share price prompted the Nasdaq to threaten the electric truck maker with...

https://www.freightwaves.com/news/no-signs-of-panic-as-nikola-gets-2nd-nasdaq-delisting-warning

Could shuttered power plants become electric truck charging sites?

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Where will all the power come from to charge the electric trucks expected to someday dominate the...

https://www.freightwaves.com/news/could-shuttered-power-plants-become-electric-truck-charging-sites

Whatever became of those splashy electrification startups?

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As third-quarter earnings roll in, it is a good time to check the state of electrification startups....

https://www.freightwaves.com/news/whatever-became-of-those-splashy-electrification-startups

Nikola will replace batteries in fire-prone electric trucks

Nikola Corp. is telling customers it will replace the battery packs in its electric trucks, a worst-case scenario following several fires. Nikola is bringing all the trucks back to its Arizona plant but won’t say where or when it will get pack replacements.

In most recalls, the supplier of the part or component involved bears at least some of the cost of the campaign. In Nikola’s case, it owned its since-liquidated former supplier, Romeo Power Inc. It is therefore on the hook for the full cost...

https://www.freightwaves.com/news/nikola-will-replace-batteries-in-fire-prone-electric-trucks

Who wants a piece or two of Proterra?

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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...

https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra

Another electric transportation startup may hang a ‘For Sale’ sign

Lightning eMotors is asking shareholders to agree to authorize 20% more stock to boost its dwindling supply of cash. Otherwise, the bus, shuttle van and work truck maker may put itself up for sale or be forced into bankruptcy.

“We continue to explore all options and have been working with financial advisers to support a recapitalization and/or sale of the business,” co-founder and CEO Tim Reeser said on a second-quarter earnings call with analysts Monday.

Shareholders vote Aug. 24 on whether to...

https://www.freightwaves.com/news/another-electric-transportation-startup-may-hang-a-for-sale-sign

Cash-poor transportation startups gambling for fresh capital

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As transportation and electrification startups struggle to raise capital, they are increasingly...

https://www.freightwaves.com/news/cash-poor-transportation-startups-gambling-for-fresh-capital

Nikola moves to liquidate battery pack maker Romeo Power

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Nikola Corp. is liquidating Romeo Power, the battery pack maker it acquired for $144 million in stock

https://www.freightwaves.com/news/nikola-moves-to-liquidate-battery-pack-maker-romeo-power

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