- Lightning customer Goodfood Market Corp., Canada’s leading
online grocery company, becomes the first private entity in Canada
to deploy fully electric refrigerated delivery vans
- The Lightning Electric Class 3 Transit vans provide last-mile
delivery through a partnership with Volta for custom-built
refrigeration capability
Lightning eMotors (NYSE: ZEV), a leading provider of
all-electric powertrains and medium-duty and specialty commercial
electric fleet vehicles, announced today the successful delivery
and deployment of ten (10) all-electric cargo vans to Montreal,
Canada-based Goodfood Market Corp. (TSX:FOOD) This delivery marks
Lightning eMotors’ initial entry into Canada’s commercial electric
vehicle market, and the first deployment in Canada of a fully
electric refrigerated vehicle fleet.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211028005240/en/
Lightning's refrigerated electric vans
will bring quiet, non-polluting deliveries to Canadian communities
(Photo: Goodfood)
“We are excited about partnering with Goodfood to help better
serve their grocery delivery customers, save on operational costs,
and reduce emissions as they set the bar for a sustainable future
in Canada,” Tim Reeser, CEO of Lightning eMotors said. “While this
is our first customer in Canada, we see tremendous potential for
growth as demand for last-mile delivery continues to increase and
through the many other electric commercial vehicles we offer.”
Lightning eMotors electrified T-350HD cargo vans for Goodfood by
installing an all-electric powertrain, electrical infrastructure,
and control software to support the vehicle. Each of the
refrigerated electric vehicles deployed by Goodfood has an
estimated range of 120 miles/195 kilometers on a full charge of its
86 kWh battery pack, regenerative braking for improved efficiency,
and can comfortably hit 75 miles/120km per hour.
Supported by a supplier and integration partnership with Volta
Air, the electrified fleet also boasts a dedicated, 12-volt
battery-powered refrigeration system to optimize delivery range in
support of Goodfood’s same-day/last-mile delivery operations. These
units have a cooling capacity down to -15 degrees C (+5 degrees
F).
“We knew right away Lightning eMotors was the right partner to
develop vehicles to help us meet our specific needs and support our
larger payloads,” said Goodfood President and Chief Operating
Officer, Neil Cuggy. “As market leaders in our respective
industries, Goodfood and Lightning share a vision of challenging
the status quo. This partnership allowed us to leap ahead in
support of Canada’s shift to all zero-emissions electric vehicles
by 2035. Our drivers have already told us that this fleet of
delivery vans are great to drive and are meeting our customer
needs. Based on this early feedback, we are looking forward to the
possibility of expanding this fleet in the near future.”
Governments worldwide are looking to increase the number of low-
and zero-emission vehicles on their roads. According to the IEA’s
Global Electric Vehicle Outlook, the number of electric cars,
buses, vans and heavy trucks worldwide is expected to hit 145
million by 2030. Lightning eMotors is uniquely positioned to lead
the electrification of the full range of cargo and passenger vans,
shuttle buses, school buses, city buses, work trucks and motor
coaches.
“Electrifying transportation is important in efforts to reduce
pollution and carbon emissions,” Reeser said. “We are proud of our
partnerships and our team’s ability to deliver vocational vehicles
to our customers along with the charging and service support
necessary to make the transition to an electric fleet a
cost-effective choice.”
ABOUT LIGHTNING eMOTORS
Lightning eMotors, (NYSE: ZEV) has been providing
specialized and sustainable fleet solutions since 2009, deploying
complete zero-emission-vehicle (ZEV) solutions for commercial
fleets since 2018 – including Class 3 cargo and passenger vans,
Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school
buses, Class 6 work trucks, Class 7 city buses, and Class A motor
coaches. The Lightning eMotors’ team designs, engineers,
customizes, and manufactures zero-emission vehicles to support the
wide array of fleet customer needs including school buses and
ambulances, with a full suite of control software, telematics,
analytics, and charging solutions to simplify the buying and
ownership experience and maximize uptime and energy efficiency. To
learn more, visit https://lightningemotors.com.
ABOUT GOODFOOD
Goodfood (TSX:FOOD) is a leading online grocery company
in Canada, delivering fresh meal solutions and grocery items that
make it easy for customers from across Canada to enjoy delicious
meals at home every day. Goodfood’s vision is to be in every
kitchen every day by enabling users to complete their grocery
shopping and meal planning in minutes. Goodfood clients have access
to a unique selection of online products as well as exclusive
pricing made possible by its world class direct-to-consumer
infrastructure and technology that eliminate food waste and costly
retail overhead. The Company’s main production facility and
administrative offices are based in Montreal, Québec, with
additional production facilities located in the provinces of
Quebec, Ontario, Alberta, and British Columbia.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. Such forward-looking
statements include, but are not limited to, statements regarding
the launch of vehicles in Canada, the ability for future sales in
Canada, the success of partnerships with companies in Canada
including Goodfood Market Corp., whether the increase in purchase
will be sustainable or the catalyst for other companies in Canada
or other jurisdictions to accelerate their adoption of commercial
electric vehicles, the potential impact on Lightning eMotors’ costs
and demand for its products, the expected delivery date for the new
electric commercial trucks, and statements regarding Lightning
eMotors product and customer developments, its expectations, hopes,
beliefs, intentions, plans, prospects or strategies regarding the
future revenues and expenses and the business plans of Lightning
eMotors’ management team. Any statements contained herein that are
not statements of historical fact may be deemed to be
forward-looking statements. In addition, any statements that refer
to projections, forecasts or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. The forward-looking
statements contained in this press release are based on certain
assumptions and analyses made by the management of Lightning
eMotors in light of their respective experience and perception of
historical trends, current conditions and expected future
developments and their potential effects on Lightning eMotors as
well as other factors they believe are appropriate in the
circumstances. There can be no assurance that future developments
affecting Lightning eMotors will be those anticipated. These
forward-looking statements contained in this press release are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause actual results or outcomes to be
materially different from any future results or outcomes expressed
or implied by the forward-looking statements. These risks,
uncertainties, assumptions and other factors include, but are not
limited to: (i) the actual number of zero-emission commercial
trucks purchased pursuant to the agreement and the actual revenue
generated thereunder, (ii) those related to our operations and
business and financial performance; (iii) our ability to deliver
the products and services under the agreement on the expected
timetable; (iv) the success of our customers’ development programs
which will drive future revenues; (v) our ability to execute on our
business strategy and grow demand for our products and our revenue;
(vi) the potential impact on our costs; (vii) the potential
severity, magnitude and duration of the COVID-19 pandemic as it
affects our business operations, global supply chains, financial
results and position and on the U.S. and global economy; (viii)
current market conditions and federal, state, and local laws,
regulations and government incentives, particularly those related
to the commercial electric vehicle market; (ix) the size and growth
of the markets in which we operate; (x) the mix of products
utilized by the Company’s customers and such customers’ needs for
these products; and (xi) market acceptance of new product offerings
and whether this will be a catalyst for others to purchase electric
vehicles. Moreover, we operate in a competitive and rapidly
changing environment, and new risks may emerge from time to time.
You should not put undue reliance on any forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance or results and will not necessarily
be accurate indications of the times at, or by, which such
performance or results will be achieved, if at all. Should one or
more of these risks or uncertainties materialize or should any of
the assumptions being made prove incorrect, actual results may vary
in material respects from those projected in these forward-looking
statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211028005240/en/
Lightning eMotors contacts: Media & Investors Nick
Bettis (800) 223-0740 pressrelations@lightningemotors.com
investorrelations@lightningemotors.com
Goodfood Market Corp. contacts: Media Kelly Baita Sr.
Account Director – MSL Group (416) 786-8957
kelly.baita@mslgroup.com
Investors Roslane Aouameur Senior Director, FP&A and
Investor Relations (855) 515-5191 IR@makegoodfood.ca
Goodfood Market (TSX:FOOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Goodfood Market (TSX:FOOD)
Historical Stock Chart
From Apr 2023 to Apr 2024