Recharge Wrap-up: PA extends green car rebate, Zero Motorcycles awarded $1M grant
Smith, FDG Form Joint Venture For Commercial EVs In US
Smith Electric Vehicles and FDG Electric Vehicles are forming a joint venture to electrify US commercial fleets. The joint venture, in part, will bring together FDG's battery technology and Smith's client base, as well as vehicle platforms, technology, manufacturing capabilities and, of course, cash from both companies. Smith and FDG have been collaboratively developing a commercial electric vehicle platform for parcel delivery and people transit. This new platform will complement Smith's Newton platform and FDG's semi knocked down kits in the joint venture. "We believe the time is now for market acceptance of commercial electric vehicles," says Smith CEO Bryan Hansel. "We are seeing all of the indications that the market that we helped establish has now turned the corner from the R&D phase to the commercial phase." Read more at Green Car Congress or in the press release from Smith Electric Vehicles.
Zero Motorcycles has received a $1 million grant from the California Energy Commission. The funds, which will be matched by Zero, will go toward research, development and manufacturing of electric motorcycles at the company's plant near Santa Cruz. "This generous grant, combined with the confidence of our investors, accelerates our global growth, expands Zero's local workforce and manufacturing capacity, and will fuel continued innovation across all of our products," says Zero Motorcycles CEO Richard Walker. The California Energy Commission says it sees benefits in both the environmental benefits of the electric motorcycles and the creation of skilled jobs in the state. Read more in the press release from Zero Motorcycles.
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