New Markets Tax Credit Coalition

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  • Loveland,
  • CO
  • (2018)

Lightning eMotors

District: Lauren Boebert (R-CO04)

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $7,714,301

IMPACT

  • 96 FTE jobs

CDEs

Project Description

$2,000,000 to a hybrid/battery powered system manufacturer in Loveland, CO: The borrower utilized the SBCF’s loan proceeds for their working capital needs as well as supporting additional hiring to increase the pace of delivery of Electrical Vehicle upgrades. Lightning Systems recently completed the design of a new offering of products related to converting trucks and buses to all electric operations. The working capital will enable them to meet the financial burden of A/R and inventory investments necessary to meet growth projections.

External Profile

MAP

Address: 815 14th Street Southwest, Loveland, CO 80537

Census Tract: 8069002007

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