EV manufacturer Lightning EMotors collapses with assets sold to repay lenders after less than three years in business ...Middle East

AN electric vehicle manufacturer has announced that it was selling its assets to pay its mounting debt. On Thursday, Lightning eMotors agreed to be placed under a receivership, to remedy the company’s pending loans. GettyLightning eMotors has found itself in financial troubles after only three years of the company going public[/caption] With their new agreement, Lightning eMotors will be selling its assets to pay off its ongoing debts, according to the Denver Post. Cupola Infrastructure Income Fund has previously sued the manufacturer after the company claimed it loaned Lightning eMotors $3million and they were unable to pay them back. After the manufacturer revealed that th

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