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August 16 , 2021 C LIGHTNING e MOTORS Lightning eMotors Reports Financial Results for Second Quarter 2021 - Record 2Q Revenue of $ 5.9 Million , Compared to $ 0.9 Million For the Prior - Year Period , Increasing 580 % Year - Over - Year - Sales of 37 Zero Emission Vehicles and Powertrain Systems , Increasing Over 300 % Year Over - Year - Announced Strategic Partnership with Forest River Valued Up To $ 850M - LOVELAND , Colo .-- ( BUSINESS WIRE ) -- Lightning eMotors , Inc. ( " Lightning eMotors " , " Lightning " , or the " Company " ) , a leading provider of commercial electric vehicles for fleets , today announced consolidated results for the second quarter ending June 30 , 2021 . Tim Reeser , chief executive officer of Lightning eMotors said , " Lightning's record second quarter performance continued on our strong Q1 momentum with robust vehicle sales and revenue growth . Customer demand is growing , as demonstrated by our strategic partnership with Forest River for up to 7,500 vehicles and associated charging infrastructure products and services with up to $ 850 million of revenue . We are excited about the significant opportunity ahead . " Reeser continued , “ In Q2 we were able to mitigate several supply chain constraints and sell 37 vehicles and powertrain systems . Our Q2 revenue was constrained by supply chain challenges , which we are now working to remedy through the addition of new suppliers . Notably , we are in the final stages of negotiations and technical integration and validation with one of the largest worldwide battery suppliers , which we believe will mitigate our supply constraints in 2022. Further , with the design of our first purpose - built chassis , we have a path for addressing the industry chassis shortage with our own Lightning - branded stripped chassis and cab - chassis products . While 2021 has been a challenging year , we are thrilled with the demand outlook . Importantly , while we are seeing orders being pushed to 2022 due to unexpected chassis production disruptions and COVID related delays , none of those orders have been cancelled . Further we are taking decisive action to help address the supply chain issues which we believe will allow us to fulfill customer demand and drive substantial vehicle sales and revenue growth in the years ahead . " Key Company Highlights Lightning recently announced a strategic customer relationship with Forest River . We continue to develop relationships with other leading vocational vehicle OEMs and suppliers : Lightning eMotors and Forest River Inc. Reach Multiyear Agreement for up to $ 850M in Zero - Emission Bus Technology Plus Charging Products and Services • Lightning eMotors and REV Group Subsidiary to Produce Electric Ambulances • DHL Express To Deploy Nearly 100 Lightning eMotors Electric Vans