Maybe some more good news for BUS? This just released news on EFL mentions 2 bus companies. One could be Grande West.
Electrovaya Signs $3.8 million Contract with Sustainable Development Technology Canada to Develop Safe and Long-Lasting Batteries for Electric Buses and Commercial Vehicles
Two bus manufacturers join Electrovaya in development consortium
TORONTO, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) is pleased to announce that it has now signed a $3.8 million contract with Sustainable Development Technology Canada (“SDTC”) to develop safe and long-lasting lithium ion ceramic batteries for electric buses and commercial vehicles. The initial payment on the contract has now been received and follows the award from SDTC in August 2017.
SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
“We are delighted that SDTC is supporting our activities in the fast-growing electric commercial vehicle sector, in which high-performance batteries are needed to match the increasing operational and safety requirements,” said Dr. Raj Das Gupta, Electrovaya’s Vice President, Technology & Business Development. “The selection of Electrovaya for this contract represents a strong endorsement of our battery technology.”
Electric buses and commercial vehicles operate long hours every day, and require batteries that can work under fluctuating driving cycles and be charged quickly. The long duty cycle for these vehicles has similarities to Materials Handling Electric Vehicles (MHEVs), for which Electrovaya has developed industry-leading lithium ion battery technology. Electrovaya’s batteries are powering a growing number of MHEVs and Automated Guided Vehicles used by many companies, including large Fortune 500 firms in the logistics and manufacturing sector, as they offer superior performance.
Two bus manufacturers have joined Electrovaya as consortium members for the SDTC-funded project. One of them is a fast-growing European manufacturer with multiple manufacturing plants worldwide. The other bus company is based in North America and has extensive relationships in the U.S. and Canadian markets.