20 Apr '16, 9pm

Announcing USD $30M agreement with NZ Bus...

SAN JOSE, CA and WELLINGTON, New Zealand, April 20, 2016 – Today Wrightspeed Inc., the leading manufacturer of range-extended electric vehicle powertrains, announced a US $30M deal with Infratil-owned NZ Bus, the country’s largest operator of urban bus services. Under the terms of the deal, Wrightspeed will provide its award-winning powertrain technology – the Route™ 500 – to NZ Bus. The move marks Wrightspeed’s first expansion beyond refuse and delivery applications, into mass transit, signaling multinational and multimodal demand for the company’s first-in-kind powertrain technology. With nearly 75 percent of its electricity sourced from clean energy including, hydro, geothermal and wind power, New Zealand has one of the cleanest energy mixes on the global stage. This deal marks the first tangible step towards New Zealand’s public transportation fleet transitioning to el...

Full article: http://www.wrightspeed.com/releases/wrightspeedandinfrati...

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