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Lightning eMotors (“Lightning eMotors” or the “Company”), a leading provider of commercial electric vehicles for fleets, today announced a $45 million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. The first zero-emission motorcoach was delivered in December.
The T2145e electric motor coach undergoing final testing in Colorado. (Photo: Business Wire)
The order includes a mix of new vehicles manufactured by Lightning eMotors, as well as new zero-emission powertrain systems developed by Lightning eMotors to be upfit by ABC Companies into customers’ previously operated vehicles.
Under the order and partnership, Lightning eMotors has trained ABC Companies personnel to install and service Lightning Electric powertrain systems. In addition to Class 8 motorcoaches, the order from ABC Companies includes Class 3 Lightning Electric Transi
Initial Public Offerings Set a Record Value in 2020
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Initial public offerings set a record value in 2020 with $167.65 billion from 457 deals fueled by Special Purpose Acquisition Companies (SPACs) that raise money without a specified purpose, according to Dealogic, a provider of financial content and analytics.
The initial public offerings set a record value in 2020 compared to all other years going back to 1995 when Dealogic began tracking the information. In terms of the total number of initial public offerings (IPOs), 2020 ranks fifth in falling short of the historically high 848 in 1996, 621 in 1997, 586 in 1995 and 547 in 1999.
The IPO market surged in 2020 for the same reason other investments did well, as near-0% interest rates led investors to seek returns in new places, said Bob Carlson, chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets.
January 6, 2021
One of the big things I m thinking about to kick off 2021 is how electric vehicles will be entwined with a U.S. recovery. Even before Joe Biden has formalized any green stimulus plans, the EV industry in the U.S. is showing important indicators that it will see solid growth this year and that means jobs. New industry jobs. Electric jobs. Climate jobs.
Recently I chatted with the CEO and founder of Lion Electric, an electric bus and truck maker based in Saint-Jerome, Quebec. Marc Bedard founded the company 12 years ago after working at a diesel school bus company in the 1990 s with the goals of eliminating diesel engines for school buses and diesel fumes from the air that school kids breathe.
US IPO Boom Sees About $159 Billion Raised in 2020
Dec 28 2020 · 12:48 UTC by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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While IPOs improved the public listing revenues, Special Purpose Acquisition Companies (SPACs) also saw an increased embrace in the US within the year.
According to the Financial Times (FT), businesses through the United States Initial Public Offering (IPO) boom this year has been estimated to raise as much as $159 billion dollars. As reported by Benzinga, and per Refinitiv, the global estimated figure businesses raised through IPO’s was estimated at $300 billion with the FT noting that $159 billion of that figure came from US IPOs.