LOVELAND, Colo. — A Colorado electric vehicle company struck a $850 million deal with North America’s largest shuttle bus manufacturer to build thousands of zero-emission buses by 2025.
>Video above - Business Brief: Colorado bankers aim to improve diversity and inclusion
Loveland-based Lightning eMotors (NYSE: ZEV) will supply bus manufacturer Forest River Inc. electric powertrains for up to 7,500 buses assembled at Forest River’s plant in Goshen, Indiana, the companies announced Tuesday.
“This has the potential to be the largest contract ever in the electric shuttle bus market, and we believe it will be the catalyst for other large commercial vehicle OEMs and fleets to accelerate their adoption of commercial electric vehicles,” said Tim Reeser, CEO of Lightning eMotors, in a written statement.
The electric buses will be 12- to 33-passenger buses with traveling ranges of 80 to 160 miles and the ability to recharge over a typical lunch break, the companies said.
> Read the full story at the Denver Business Journal.
MORE WAYS TO GET 9NEWS
Subscribe to our daily 9NEWSLETTER for top stories from 9NEWS curated daily just for you. Get content and information right now for can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE
ROKU: add the channel from the ROKU store or by searching for KUSA.
For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.
SUGGESTED VIDEOS: Colorado real estate market