Vanderbilt University to Deploy Lightning eMotors ZEV4™ Electric Shuttle Buses for Intercampus Transit

• Lightning eMotors supplying Vanderbilt’s first electric shuttles as part of the university’s carbon neutrality goals
• Vehicles expected to be delivered and deployed in Q2 2023

Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle technology for fleets, announced today that it is supplying to Vanderbilt University six Lightning ZEV4™ electric shuttle buses. The shuttles are expected to be delivered and deployed in Q2 2023 for the intercampus transportation service, VandyRide.

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One of six Lightning ZEV4™ zero emission shuttles that will be operated for inter-campus transportation by Vanderbilt University (Photo: Lightning eMotors)

The zero emission shuttle buses are built on the GM-based Lightning ZEV4 platform and feature 120 kWh of thermally-managed Proterra battery packs that deliver up to 130 miles of range and support both Level 2 AC and DC fast charge capability. Vanderbilt’s vehicles ride on a 159-inch wheelbase and have been upfitted with shuttle bus bodies from Forest River to carry 14 passengers each.

“A top 20 university nationally, Vanderbilt is renowned for its transformative approach to education and research. It is an honor for us to be a chosen fleet electrification provider as they transform their intercampus student transportation to zero-emission, all-electric platforms,” said Jeremy Hiler, sales director, Eastern US at Lightning eMotors. “We are confident drivers, passengers and fleet managers will appreciate the electric performance, quiet ride and reduced maintenance, and of course, the environmental benefits of the Lightning ZEV4.”

Vanderbilt is leasing the initial pilot run of six vehicles from Forest River dealer Carpenter Bus Sales, with charging infrastructure supported by Vanderbilt partner Electrada. The vehicles will also be equipped with Lightning’s leading EV fleet telematics software, Lightning Insights. This real-time telematics and charge management suite features an API for seamless integration with Electrada’s charging infrastructure.

“Vanderbilt is committed to lowering its carbon footprint, so switching to electric vehicles in our shuttle fleet is a top priority,” said Lindsey Ganson, assistant director of mobility at Vanderbilt University. “We’re so excited to have our Lightning ZEV4 shuttles in action before the fall semester begins, and we are looking forward to working with Lightning.”

This EV deployment further establishes Vanderbilt University as a sustainability leader among U.S. colleges. The university recently “flipped the switch” on the 35-megawatt Vanderbilt I Solar Farm in Bedford County, Tennessee, which was first announced in 2020. The location will reduce the majority of the university’s greenhouse gas emissions produced indirectly from electricity purchased from Nashville Electric Service and TVA. A planned second solar farm in Moore County, Tennessee, will supply enough renewable energy to mitigate the remaining emissions.

In 2021, Vanderbilt became the first member of the Association of American Universities to achieve carbon neutrality through its own renewable energy initiatives and a carbon pollution permit collaboration with Climate Vault. Recently, the university announced a new collaboration with Clearloop to further reduce its carbon footprint by investing in additional solar energy projects, the first of which will be located in Batesville, Mississippi. The transition to these new EV shuttles will help Vanderbilt further reduce its direct emissions.

To learn how to electrify your fleet with Lightning eMotors, please visit lightningemotors.com.

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. In that time, we have deployed a variety of vehicle classes and applications including but not limited to cargo and passenger vans, ambulances, transit and shuttle buses, school buses, specialty work trucks, and electric powertrains for school buses, transit buses and motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs 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 our website at https://lightningemotors.com.

About Vanderbilt University

Vanderbilt University is a globally renowned research university located in Nashville, Tennessee. Ranked No. 13 among national universities, Vanderbilt offers an immersive living-learning undergraduate experience, with programs in the liberal arts and sciences, engineering, music, education and human development. The university also is home to nationally and internationally recognized graduate schools of law, education, business, medicine, nursing and divinity, and offers robust graduate-degree programs across a range of academic disciplines. Vanderbilt is committed to inclusive excellence, drawing the world’s brightest students, faculty and distinguished visitors from across all cultural and socioeconomic backgrounds and provides a collaborative atmosphere of discovery that drives positive change in the world. Learn more at www.vanderbilt.edu.

Forward-Looking Statements

Except for historical information herein, matters set forth in this press release are forward-looking within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements about the commercial and technology progress and future financial performance of Lightning eMotors, Inc. These forward-looking statements are identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expand,” “enable,” “might,” “potential,” “should,” “would” among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the company’s business that could cause actual results or outcomes to vary, including, but not limited to, risks related to Lightning eMotors’ operations and business and financial performance; the ability of Lightning eMotors to execute on its business strategy and grow demand for its products and revenue; potential increases in costs or shortage of raw materials; market acceptance of new product offerings; and other risks more fully described in Lightning eMotors’ filings with the Securities and Exchange Commission 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. Lightning eMotors undertakes no obligation to update any forward-looking statements, except as required by law.

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