Lightning eMotors begun production of a next generation Type A electric school bus built on the GM platform. Initial orders for nearly 70 next generation Type A school buses have begun moving across the production floor in Lightning eMotors' 130,000 square foot manufacturing facility in Loveland, Colorado. Purchased by over 20 school districts across the U.S., many of these zero-emission, all electric buses are leveraging state funding and/or the EPA's Clean School Bus Program, which is providing school districts with $5 billion between 2022 and 2026 to incentivize the electrification of school buses.

These funds can be stacked with the IRA commercial vehicle incentive, which gives schools $40,000 per electric vehicle, providing schools with electric school buses without the need for special budget referendums or increasing taxes. These districts are among more than 650 school districts from around the country that have committed to electrifying their fleets. In addition to the financial benefits related to state- and federal-level funding initiatives like the Inflation Reduction Act and the EPA's Clean School bus Program, there are major environmental and health benefits associated with reduced tailpipe emissions.

Current economic realities also make electric school buses more appealing than ever. At a time when interest rates, fuel prices and the costs of parts and labor for repairs are at all-time highs, electric buses use no fossil fuels and require less maintenance, thereby reducing total cost of ownership when replacing aging diesel buses or adding new buses to school bus fleets. With more than 600 electric vehicles deployed overall, Lightning eMotors has accelerated the deployment of commercial electric vehicles by providing proven technology, best-in-class reliability, end-to-end EV services, and world class support that simplifies fleet electrification.

To date, Lightning vehicles have surpassed 4 million total real-world miles, mitigating nearly 5.5 million pounds of on-road C02 emissions.