Company published SEC Form D showing $5.10 Million raised so far along side establishment rename and new product offering
LOVELAND, Colo., May 17, 2017 – Lightning Hybrids, DBA Lightning Systems, published its SEC Form D today announcing $7 Million investment round with $5.1 Million raised so far. Funds from this round will be used for the new lineup of fleet efficiency products for medium and heavy duty vehicles, increased activities in the UK and Europe, and for a move to new corporate headquarters facility.
“This is an exciting time for Lightning. Our new name, new product line, new facility, and renewed focus on international markets give momentum to our vision to provide innovative efficiency and emissions improvement systems for fleets,” said Tim Reeser, CEO of Lightning Systems. “Our investors understand this vision and are providing strategic support as we develop and position our new software and hardware products that leverage and build upon existing successes with large fleets.”
Lightning Systems is a fast-growing, global green fleet solutions company. The company recently has received orders from customers in Alaska, Colorado, Illinois, and Massachusetts, as well as around the world in India and the United Kingdom. Lightning Systems was recently named an Advanced Fuel Qualified Vehicle Modifier (QVM) by Ford Motor Company. Last winter, the company expanded its offices in the U.K. to service customers in Europe.
About Lightning Systems
Lightning Systems, based in Loveland, Colo., is a global leader in efficiency and emissions improvement solutions for fleets of medium and heavy-duty commercial vehicles. The company’s products include: LightningAnalytics, cloud-based, deep data analytics for fleet operators; LightningHybrids, a hydraulic hybrid energy recovery system for delivery trucks, shuttle and paratransit buses, refuse trucks, and rear-engine transit buses; and a variety of other fleet fuel efficiency and emissions improvement products to be introduced between now and 2019. To learn more, visit www.lightningsystems.com.