Tag Archives for: EV

Fleet Advantage Announces Exceeding Over $2.5 Billion in Lease Originations Since Inception; Now Serves As The Largest Class-8 Independent Lessor

January 26, 2022

 

 

 

 

Fleet Advantage Announces Exceeding Over $2.5 Billion in Lease Originations Since Inception; Now Serves As The Largest Class-8 Independent Lessor 

 

 

Company’s Focus on Asset Management and Lease Flexibility Planning Helped Customers Avoid Procurement Challenges That Plagued Broader Industry in 2021

 

 

 

FORT LAUDERDALE, Fla.  – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM) announced today new milestones achieved in exceeding over $2.5 billion in lease originations over the last ten years and helping it become the largest independent lessor for heavy-duty Class-8 trucks.

 

Strategic & Consistent Asset Management

 

A primary reason Fleet Advantage reached these accomplishments was its continued emphasis on helping clients remain steady and consistent in their asset management and planning. The company’s pioneering focus on the use of advanced data analytics, coupled with its early truck lease exchange program EXchangeIT® and lease extension flexibility helped clients stay ahead of the procurement turbulence felt across much of the broader industry.

 

Heading into 2022, there remain new challenges companies with transportation fleets must tackle to remain successful within the competitive industries in which they operate. With over 90% of their leases rated as investment grade, Fleet Advantage’s strong emphasis on strategic consultations and customer service, along with key relationships with Equipment Manufacturers, dealers and finance partners, have helped the company achieve a consistent growth rate over the last ten years of 27%. The company is now working with 5 of the top 10 private fleets in the country. 

 

“Relative to the greater industry challenges, we’re fortunate to reflect on the record-setting accomplishments and achievements we had over the last twelve months,” said John Flynn, CEO of Fleet Advantage. “Our success during this time is a testament to the hard work of our dedicated associates, and our customers who operate under a business philosophy that embraces flexibility in their asset management strategies.”

 

Maintaining Long-Term Strategies

 

Fleet Advantage strongly believes that clients that have leveraged the power of data analytics for asset management and procurement, along with flexible lease solutions should continue to maintain this strategy with only minor course corrections as the industry continues to navigate additional procurement challenges. The company believes fleets should stay true to their beliefs and not surrender or be held captive to the current supply chain disruption. Fleets that maintain planning discipline through what has been confirmed by data analytics will continue to lead the industry, especially since the laws of science and economics will not be compromised because of current supply chain disruptions. 

 

“While some in the industry are using fear to pressure fleets to pivot their asset management strategies, we strongly believe fleets should stay the course and rely on proven data analytics-driven philosophies for life cycle asset management,” added Flynn. “Those fleets that take an active, disciplined approach to maintaining shorter life cycles will continue to lead the industry with the most advantageous Total Cost of Ownership despite disruptions to the system.” 

 

About Fleet Advantage

 

Fleet Advantage has over $1.5 Billion of assets under its Life Cycle Cost Management (LCCM) program and serves America’s top corporate fleets. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet financing solutions with matching proprietary data driven IT processes and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S.  Fleet Advantage is also named a Top Private Independent firm by the Monitor Daily. In 2015 and 2013, the company was named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation.  In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida – Emerging Category award.   

Metro Supply Chain releases new white paper: “Driving fleet electrification forward: a guide to zero emission last mile delivery” to help businesses lessen their carbon footprint

January 24, 2022

 

Metro Supply Chain releases new white paper: “Driving fleet electrification forward: a guide to zero emission last mile delivery” to help businesses lessen their carbon footprint

 

 

TORONTO, Jan. 24, 2022  — Today, Metro Supply Chain released a white paper, “Driving fleet electrification forward: A guide to zero emission last-mile delivery,” which outlines both the business and environmental benefits to companies from adopting electric vehicles (EVs). The white paper details Metro Supply Chain’s ongoing journey to transitioning its last-mile delivery fleet to zero emission, while providing businesses with a roadmap they can use to build their own electrification strategies.

“Metro Supply Chain is committed to lessening the impact of our supply chain’s emissions and support our customers in reducing their own carbon footprint through electric delivery, and we’re investing in the trucks and infrastructure to get us there,” explains John Fahidy, Vice-President of Transportation Solutions at Metro Supply Chain and one of three authors of the white paper. “Our hope is this white paper will offer readers a better understanding of the ways in which fleet electrification can not only benefit their businesses, but also their customers, employees and investors, our country and, most importantly, our climate.”

While the climate crisis adds an urgency to EV transition, fleet electrification is still a process. The white paper outlines Metro Supply Chain’s EV adoption decision tree, which includes everything from building a business case leadership can buy into and where to launch an EV fleet in Canada, to choosing the right trucks and chargers for its business needs.

Companies can also learn:

  • Why the transport industry faces decarbonization challenges
  • Important market trends driving electric vehicle (EV) adoption
  • The need to be an early adopter in EV transportation
  • Relevant policies and areas of government support
  • Best practices to follow when transitioning to an electric fleet

As companies look to transition to EV fleets, one notable gap in Canada is around the infrastructure needed to charge heavy-duty commercial EVs. While companies like Metro Supply Chain are investing in stations that enable last-mile deliveries in core city areas, there isn’t enough to support long-haul shipments that require refuelling on Canada’s highways. This is one reason why Metro Supply Chain built its own charging capabilities through an innovative mobile station.

“If Canada wants to slash its emissions to zero by 2050, we will need reliable charging for the logistics sector. In the meantime, with more of our customers wanting to cut their own emissions, there’s an opportunity for us to take a lead in innovating infrastructure solutions that will drive the whole industry forward,” says Thayani Dayahparan, Principal Solutions and Innovation Architect at Metro Supply Chain and white paper author.

While companies could wait to see if future policies favour more EV-related financial incentives and logistics before committing to zero-emission delivery, delaying will put businesses further out of step with today’s environmentally conscious consumers.

“In October 2019, we were one of only two logistics companies to adopt Class 5 electric vehicles,” explains Cedric George, white paper author and President of Custom Delivery Solutions, Metro Supply Chain’s last-mile delivery division. “In early 2021, we grew our electric fleet to include Class 6 OEM EVs to meet a large retailer’s needs for sustainable deliveries. We’ve committed to growing our fleet over the coming years to support our customers with cost-effective zero-emission delivery across the country.”

About Metro Supply Chain  
Based in Canada, Metro Supply Chain shapes and delivers innovative supply chain solutions that help some of the world’s fastest growing and most reputable brands advance their businesses. Over the past 40+ years, it has grown into a significant operation of more than 80 distribution centres and 6,000 associates across North America and Europe. Metro Supply Chain’s scale, capabilities, and entrepreneurial structure enable it to solve its customers’ most challenging supply chain needs, including the creation of complex e-commerce fulfillment and last-mile delivery networks.

For more information, contact:
Alison Wood, Head of Marketing and Communications
Metro Supply Chain
awood@metroscg.com
Tel: 437 332-436

Blink Charging Awarded Grant Funds for the Deployment of DC Fast Chargers at 25 Locations by the State of Florida

July 28, 2021

 

 

Blink Charging Awarded Grant Funds for the Deployment of DC Fast Chargers at 25 Locations by the State of Florida

 

 

 

With a $12.5 million grant, Blink will create a robust network of 52 DC fast chargers along Florida’s major interstate highways and enhance resilience against natural disasters

 

 

Miami Beach, FL – Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it has been awarded Phase 2 grants from the Florida Department of Environmental Protection (DEP) to deploy DC fast charging stations. The 25 sites, featuring a total of 52 DC fast chargers, will be located in high-traffic areas along Florida’s major interstate highways, increasing access to EV charging for residents and travelers and strengthening the state’s resilience measures. This project is designed to provide fast charging opportunities across the state’s evacuation routes in the event of natural disasters.

As the country looks to address the consequences of climate change and extreme weather, such as from hurricanes, new infrastructure powered by renewable energy is critical. Blink’s charging sites are intended to enhance the state’s resilience measures by increasing the availability and accessibility of its electric charging infrastructure at strategic site placements along Florida’s four main interstates on Routes 95, 75, 10 and 4. In addition, 23 of the charging stations deployed will include modular battery storage and solar canopies to further support the strength of the energy grid.

The objective of Phase 2 of the Florida DEP grants is to develop a robust network of DC fast charging infrastructure across the state’s interstate highway system. With funds available from the Volkswagen Settlement, Florida made $16 million available for a total of 32 proposed sites, with a maximum grant award of $500,000 per site, all of which were individually awarded. With 25 sites, Blink was awarded nearly 80 percent of all available sites, bringing the company’s total grant award up to $12.5 million.

“We are honored to have been awarded the majority of the Florida sites for DC fast charger deployments and to help our home state further bolster its reputation as a leader in EV adoption,” commented Michael D. Farkas, Founder & CEO Blink. “Minimizing barriers to EV charging is critical to increasing consumer adoption of EVs, and with 25 new sites across the state, we are continuing our mission to provide EV charging where and when drivers need it. As the EV market rapidly accelerates,

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“As Miami continues to position itself as a national leader of electric vehicle and renewable energy

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infrastructure, we are delighted to have companies like Blink here in our backyard building towards a better tomorrow,” said Mayor Francis Suarez.

we are continuing to expand our DC fast charging footprint across the nation to provide the fast charging infrastructure required for the electric mobility transformation.”

The grant award locations include agreements between Blink and consumer brands that will serve as site host partners. Each location will deploy two 175kW DC fast chargers and deployment will begin this fall.

Blink’s 25 DC fast charging locations include:

Alachua County
● SW 40th Blvd, Gainesville, FL 32608

Brevard County
● Cheney Hwy, Titusville, FL 32780

Broward County
● SW 12th St, Deerfield Beach, FL 33442

Charlotte County
● Indian Trail, Punta Gorda, FL 33950

Columbia County
● NW Centurion Ct, Lake City, FL 32055

Duval County

  • ●  US-301 S, Baldwin, FL 32234
  • ●  J Turner Butler Blvd, Jacksonville, FL 32216Escambia County

● N Davis Hwy, Pensacola, FL 32514

Gadsden County
● Commerce Blvd, Midway, FL 32343

Jackson County
● FL-71, Marianna, FL 32448

Jefferson County
● Pafford Dr, Lamont, FL 32336

Madison County
● SE Bandit St, Madison, FL 32340

Manatee County
● 67th St. Circle East, Bradenton, FL 34208

Marion County
● NW 34th Ave, Ocala, FL 34475

Martin County
● Lost River Rd, Stuart, FL 34997

Miami-Dade County
● NE Miami Gardens Dr, North Miami, FL 33179

Okaloosa County
● South Ferdon Blvd, Crestview, FL 32536

Palm Beach County
● W Boynton Beach Blvd, Boynton Beach, FL 33426

Polk County

  • ●  Lakeland Hills Blvd, Lakeland, FL 33805
  • ●  US-27, Davenport, FL 33897

Santa Rosa County
● Hwy 87, Milton, FL 32583

Suwannee County
● US 129, Live Oak, FL 32060

Volusia County
● FL-44, New Smyrna Beach, FL 32168

Walton County
● US 331, Defuniak Springs, FL 32435

Washington County
● Main St, Chipley, FL 32428

 

ABOUT BLINK CHARGING

 

Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 30,000 charging ports in 13 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services includes its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud- based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions,

restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Blink Media Contact

PR@BlinkCharging.com

Blink Investor Relations Contact

IR@BlinkCharging.com

855-313-8187

TAPCO Partners with Industry Leader in Electric Vehicle (EV) Charging Stations, Blink Charging

July 26, 2021

 

 

TAPCO Partners with Industry Leader in Electric Vehicle (EV) Charging Stations, Blink Charging

 

 

Need for charging stations skyrockets alongside electric vehicle purchases

 

DALLAS, TX – Traffic and Parking Control Co., Inc. (TAPCO), manufacturer, distributor and service provider of traffic and parking control products, is proud to announce it is now a distributor of Blink Charging’s (Nasdaq: BLNK, BLNKW) electric vehicle charging stations, including installed and portable stations.

Blink Charging offers a large variety of uniquely designed electric vehicle (EV) equipment sold globally. They have deployed over 30,000 charging ports across 13 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Global EV purchases are expected to reach 10 million in 2025 from roughly 2 million in 2019.

“Blink Charging is an innovative company in the world of electric vehicle equipment,” said TAPCO Managing Director Eric Stangel. “We’re excited to begin working with them as a distributor partner and enter the world of electric vehicles. Blink Charging’s mission to lower greenhouse emissions through their products and service is admirable and TAPCO is ready to join them in achieving it.”

TAPCO now sells several configurations of Blink Charging’s AC Electrical Vehicle Charging Stations, which offer multiple charging current options, a stylish appearance and the flexibility to be wall-mounted, pole mounted or pedestal-mounted. Their DC fast charging stations are available as well. Businesses can offer these charging stations to the growing population of electric vehicle owners, who can elect to pay with Google Wallet, Apple Pay, RFID and all major credit cards.

“We are excited to partner with TAPCO to bring Blink EV charging solutions to them and their customers. TAPCO has proven expertise and experience in the parking and traffic industries which are ideally suited and have a growing need for EV charging infrastructure,” said Mike Battaglia, Senior VP of Sales and Business Development for Blink Charging. “Companies like TAPCO are leading by example in their industry by taking this important step and we at Blink look forward to working with TAPCO for many years to enable full EV adoption.”

Blink Charging’s cable management systems are also available through TAPCO. These cable management systems keep the space around the charging station clean and safe with cords neatly contained and off the ground.

Blink Charging’s IQ 200-M portable electric vehicle charger is offered as well, a compact option designed with roadside service providers and last-mile roadside assistance in mind. To view the full offering, visit https://www.tapconet.com/blink/.

Want to learn more about TAPCO, Blink and this exciting new partnership, stop by booth #609 at the Parking Industry Expo in Dallas, TX. TAPCO representatives will be onsite to share details and answer your questions.

About TAPCO

As an industry-leading innovator, TAPCO manufactures, distributes and services a wide portfolio of traffic and parking safety solutions designed to increase safe travels for all. Since 1956, we have set the standard for delivering reliable, cutting-edge traffic safety enhancements. From our leading line of LED-enhanced BlinkerSign® solutions to our pedestrian crossing products, safety is at the heart of all TAPCO innovations. For more information, please visit www.tapconet.com and follow us on Twitter, LinkedIn and Facebook.

About Blink Charging

Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 30,000 charging ports across 13 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.

Forward-Looking Statements 

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

TAPCO Contact

Steve Paulus

Marketing Communications Manager

(262) 649-4459

steve.paulus@tapconet.com

tapconet.com

 

City of San Diego Deploys Beam Global EV ARC™ Off-Grid EV Charging Systems

April 23, 2021

 

City of San Diego Deploys Beam Global EV ARC™ Off-Grid EV Charging Systems

Sustainable EV charging infrastructure to serve new city-owned EVs

 

 

 

SAN DIEGO  — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the City of San Diego has deployed two EV ARC™ solar-powered charging systems to fuel the city’s growing fleet of electric vehicles and provide emergency preparedness assets. To mark this milestone in San Diego’s initiatives to promote sustainable transportation, Mayor Todd Gloria spoke at a press conference featuring 10 new Chevrolet Bolt EV fleet vehicles, one law enforcement Ford Interceptor Hybrid and one fire department Ford Interceptor hybrid and the Beam Global charging systems on April 22, 2021. At the unveiling event, Mayor Gloria was joined by Beam Global CEO Desmond Wheatley; Alyssa Muto, Interim Director of the Sustainability Department for the City of San Diego; and Casey Smith, Director of the Fleet Operations Department for the City of San Diego.

Beam Global EV ARC™ systems meet the needs of municipal EV fleets for flexible, scalable and resilient charging infrastructure. Powered by 100% renewable energy, EV ARC™ systems generate and store their own electricity to provide EV charging day or night, or emergency power in the event of a grid interruption or natural disaster. Requiring no connection to the utility grid, Beam Global products eliminate the need for permitting, construction or electrical work of any kind, reducing deployment time from months to minutes and delivering significant long-term savings to city budgets through avoided installation costs and utility bills.

“This program allows the City to continue making progress on our Climate Action Plan while saving taxpayer dollars,” Mayor Todd Gloria said. “The EV ARC solar EV charging stations will allow the City to take advantage of San Diego’s most plentiful natural resource and reduce emissions from City operations that harm human health and contribute to the climate crisis. Technology like Beam’s can help the City more effectively adopt electric vehicles and protect our environment for the next generation.”

As part of its Climate Action Plan, the City of San Diego aims to convert 90% of its fleet to zero-emissions vehicles by 2035. In addition to supporting the city’s climate goals, EV ARC™ charging systems are rapidly and scalably deployed and ease the growing strain on California’s electric grid related to transportation electrification while providing backup power to San Diego first responders and other vital services.

“EVs are an inevitable and very beneficial change for municipal fleets. EV ARC systems enable the EV charging they need rapidly while saving them time and money,” said Beam Global CEO Desmond Wheatley. “With each deployment, Beam Global’s solar-powered EV charging solutions enable the City of San Diego to integrate more clean energy, save on fuel costs and enhance energy security. It’s an unbeatable value proposition.”

This deployment comes as Beam Global’s products are being used by municipalities in California and across the U.S. to meet the rapidly growing demand for EV charging infrastructure. In addition to deploying systems to serve city-owned fleets, Beam Global and the City of San Diego have inked a public-private partnership which aims to provide sustainable EV charging to the public throughout greater San Diego, free of charge.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter

 

ENDERA ADDS TODD HARMAN AS PRESIDENT

February 26, 2021

ENDERA ADDS TODD HARMAN AS PRESIDENT

 

 

SAN DIEGO, CA – Endera, a technology company specializing in all-electric commercial vehicles, charging infrastructure and telematic software solutions, today announced the addition of Todd Harman as President of Endera Corporation.

 

 

As President, Harman will be responsible for providing leadership to Endera as it scales its operations to meet the transportation industry’s demand for electric commercial vehicles.

 

“We’re seeing unprecedented growth in the EV industry and the demand for our commercial electric vehicles is rapidly increasing,” said John Walsh, CEO of Endera. “We need to produce and deliver for our customers within their timelines. Todd’s extensive experience in executive management, scaling, brand marketing, leadership and product innovation will help us accomplish our growth objectives and goals.”

 

Harman is an experienced C-level executive consistently creating strategic brand positions,  product innovations and leading companies that accelerate profitable growth.

“I believe in Endera’s vision, products and expertise in the commercial electric vehicle space and I look forward to contributing and collaborating with the team as the company scales to meet industry demand,” said Todd Harman, President of Endera.

 

Harman’s 30-year career spans many roles including President of Cleveland Golf and President & General Manager of Easton. He has consistently delivered results in industry leading companies in highly competitive markets. Harman’s strong, collaborative leadership style is proven to empower diverse cross-functional teams to succeed in extremely competitive industries and markets. With a strong accounting and budgeting acumen and the ability to build strong relationships with stakeholders, Harman is a results-driven leader and focuses on building vertically integrated brands, teams and organizational cultures.

 

About Endera

Endera is a technology company specializing in all-electric commercial vehicles, charging infrastructure and telematic software solutions. Endera provides vehicle design, customization and a suite of technology designed to optimize fleet operations. Made in America, Endera delivers one of the lowest total costs of ownership over other commercial electric vehicles and provides sustainable solutions that rival its fossil fuel counterparts in price, technology, longevity, profitability and service. To learn more, visit www.enderamotors.com.

Northwest School Districts Opt To Purchase Electric Vehicles from Schetky Bus & Van Sales

February 26, 2021


 

Northwest School Districts Opt To Purchase Electric Vehicles from Schetky Bus & Van Sales

 

PORTLAND, Ore. — Schetky Bus and Van Sales, America’s Electric Bus Dealer™, recently sold electric vehicles (EVs) to Highline, Orcas Island, Lopez Island, Elma and Mary M. Knight school districts, adding EVs to their 2021 fleets. Schetky is leading the way with new EVs as green initiatives gain popularity with school bus fleets across the U.S.

Devin Denney, director of transportation for Highline Public Schools, “Being new to EVs, it was important for us to keep things as simple as possible. The idea of pairing the Proterra Drivetrain and charging system with a Thomas Conventional bus just made sense to us.”

While Schetky’s track record of sales of other hybrid and EVs has proven to be successful, their partnership with Proterra and Thomas Built Buses sees the company poised and ready to stay at the forefront of EV distribution in 2021.

According to David Schetky, co-owner of Schetky Bus & Van Sales, “When it comes to electric vehicles, Schetky has been at the forefront of this movement for both School and Commercial buses. We’ve got some exciting announcements on the horizon, utilizing our best-in-class electric and alternative fuel partnerships. We’re capable of selling new EV buses, and retrofitting fleets to upgrade them with electric drivetrains. Schetky is positioned to offer school districts with a turnkey approach to electrifying their fleets. No one else is doing this.”

Schetky also offers after-the-sales support for EVs and is a Daimler Certified Platinum Support Dealer, which was a selling point for Denney. “(Their) excellent customer service before and after the sale is also important to us. The team at Schetky Northwest knows us by name and supports our goals. As we move into the EV world, we know they will be right there with us.”

Founded in 2004, Proterra is the leader in the manufacture and design of zero-emission EVs and charging systems. Combined with the ingenuity and distribution of Thomas Built Buses on their Jouley Platform™, both lead the way for a cleaner, brighter future of EVs — the number of sales and distribution across the U.S. and Canada show they’re poised as industry leaders.

Schetky Bus & Van Sales, one of the nation’s longest-established, family-owned bus dealers, has been at the forefront of customers’ transportation needs for nearly 80 years. Their vehicles rank the highest in safety by the Federal Transit Administration and are available in multiple ADA configurations. In addition to traditional buses and vans, Schetky offers multiple solutions for transportation that utilize alternative fuels and electric power.

 

 

 

State of California Extends and Expands Contract With Beam Global for Rapidly Deployed Sustainable EV Charging Products

January 14, 2021

 

State of California Extends and Expands Contract With Beam Global for Rapidly Deployed Sustainable EV Charging Products

 

SAN DIEGO, Jan. 14, 2021  — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the State of California has extended Beam Global’s contract #1-18-61-16 to supply EV ARC™ systems to State of California Departments and other governmental entities, and expanded the contract to include government entities in other U.S. states at the California negotiated price, without their having to go through a lengthy procurement or technology review process. The award extends the contract through June 23, 2022.

Use of the contract is mandatory for all State of California Departments and is available for use by local governmental agencies. The contract includes Beam’s emergency power solutions which provide a secure and reliable source of electricity for EV charging and first responders during natural disasters or other periods of utility grid interruption. The new contract also reflects the name change from Envision Solar to Beam Global.

“Now all 50 states can use the California contract to buy Beam’s rapidly deployed solar-powered EV charging systems at the same volume price we offer to the State of California,” said Beam Global CEO Desmond Wheatley. “Governments and companies nationwide are under increasing pressure to deploy EV charging infrastructure quickly to accommodate the accelerating adoption of electric vehicles. The EV ARC™ is the fastest deployed and most scalable infrastructure solution. It requires no permitting, no electrical work and no construction. It’s sustainably powered with no utility bill and no loss of charging during a blackout. We are delighted to get this expanded contract renewal especially right on the heels of our recently announced Federal GSA contract which does the same things for all Federal agencies including the military.”

President-elect Joe Biden has announced a plan that represents the most ambitious clean energy vision by any U.S. president in history with billions planned for EV charging infrastructure and $4 trillion sought for green jobs and infrastructure spending. On January 5, 2021, the Los Angeles Times reported that California Governor Gavin Newsom pledged to spend $1.5 billion in boosting the purchase of zero emission vehicles and building new charging stations across California, seeking to pair an economic incentive with progress on California’s ambitious greenhouse gas reduction goals. In September 2020, Governor Newsom pledged to fast-track California’s environmental goals in response to the climate crisis. He issued an executive order that would require all new cars and passenger trucks sold in the state to be zero emission by 2035. The contract Beam has with the State of California supports these goals, along with the goals of other states

About Beam Global
Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit https://BeamForAll.com/, LinkedIn, YouTube and Twitter.

 

Envision Solar Announces Rebranding as Beam Global

September 15, 2020

Envision Solar Announces Rebranding as Beam Global

The name change reflects the Company’s continued commitment to lead the world to clean mobility

 

 

SAN DIEGO, Sept. 15, 2020  — Envision Solar International, Inc., (Nasdaq: BEEM, BEEMW, formerly EVSI, EVSIW) (“Envision Solar,” “Beam Global,” or the “Company”), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced that it is changing its name to Beam Global. The new name, along with new branding and visual identity, reflect the Company’s continued commitment to lead the cleantech industry as the developer of products, solutions and business models that accelerate the global transition to a clean transportation sector.

The rebranding comes as the Company continues to meet the growing demand from governments and companies seeking to ensure their EV charging capabilities are scalable, robust and cost effective, as well as easy to use and install. The release of a new version of Beam Global’s flagship product, the EV ARC™ 2020 (Electric Vehicle Autonomous Renewable Charger) —  which generates and supplies electricity to EV chargers without the need for construction, electrical work or a grid connection —  exemplifies the Company’s contribution to the rapid scaling of EV charging infrastructure. The Company is also preparing to launch new products tailored for the medium and heavy-duty vehicle and UAV markets. As Beam Global, the Company is establishing its position as a pioneer in enabling the rapid scaling of clean transportation infrastructure beyond its signature transportable, renewably-energized charging units.

“The transportation sector is rapidly becoming electrified. No matter the vehicle type, charging infrastructure will be essential across all sectors globally, and millions of EV chargers will be needed,” said Beam Global CEO Desmond Wheatley. “Governments and enterprises are eager to provide charging infrastructure that is scalable, reliable and cost effective while avoiding hurdles like lengthy construction and electrical projects that are typical of grid-connected charging units. Beam continues to meet these needs — while securing our energy supply and supporting global climate commitments. Starting today, we are thrilled to lead the world to clean mobility as Beam Global.”

The Company’s brand name and visual identity have been updated to convey its mission to lead the world to clean mobility. Drawing connections to beams of energy, sunlight and steel, the new visual language emphasizes sustainability and strength. The debut of the Beam Global brand will be accompanied by the launch of the Company’s new website and a change in its Nasdaq ticker symbol (Nasdaq: BEEM, BEEMW).

About Beam Global
Beam Global produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Our products are founded upon our patented EV ARC™ and Solar Tree® lines and include BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media, and disaster preparedness packages.

From start to finish, we develop, patent, design, engineer, and manufacture unique and advanced renewably energized products that help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly EVSI and EVSIW). For more information visit BeamForAll, LinkedIn, YouTube and Twitter.

Envision Solar Reports Financial Results for the Second Fiscal Quarter Ended June 30, 2020

August 14, 2020

 

Envision Solar Reports Financial Results for the Second Fiscal Quarter Ended June 30, 2020

 

 

 

SAN DIEGO  — Envision Solar International, Inc.,(Nasdaq: EVSI, EVSIW) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, today announced financial results for the second fiscal quarter ended June 30, 2020.

Q2 2020 Business Highlights

  • Announced the official launch of the Next Generation EV ARCTM 2020 off-grid EV Charging structure.
  • Delivered another solar-powered EV ARCTM 2020 DC fast charging system at Caltrans Rest Area in California.
  • Delivered follow-on multi-unit EV ARCTM 2020 units to the City of Madison, Wisconsin.
  • Delivered EV ARC™ to City of Greensboro, North Carolina for public use in central downtown lots.
  • Delivered the first Canadian order for the Company’s EV ARCTM solar-powered infrastructure product.
  • Delivered EV ARCTM 2020 to City of San Luis Obispo, California for city fleet vehicles.
  • Delivered two Solar Tree® solar-powered sustainable infrastructure products to the Ocean Discovery Institute in San Diego.
  • EV ARCTM product provided off-grid power and EV charging at COVID-19 emergency facilities in California.
  • Envision added to the FTSE Russell Microcap Index

Recent Developments

  • Closed an underwritten public offering on July 7, 2020, which generated net proceeds of approximately $10.6 million after deducting underwriting discounts and commissions and offering expenses. Proceeds will be used for growth/working capital and general corporate purposes.

“COVID-19 has tragically affected many companies across the U.S., but we have continued to operate and provide critical off-grid solar-powered infrastructure products for electric vehicle charging and for emergency power during the pandemic,” said Desmond Wheatley, CEO of Envision Solar.  “Q2 was a challenging quarter for everyone but our team continued to execute. Even at the height of the lockdown we continued to produce and sell products, submit a new patent application and see our existing products provide vital EV fueling and emergency power for our customers’ COVID emergency facilities. Though there is a great deal of uncertainty across the globe, we are still seeing strong interest in our products and the broader EV sector. We believe that support from stimulus spending and increasing appetites for electric vehicles of all types, and the off grid charging solutions we produce, will drive our growth in the coming quarters.”

Q2 2020 Financial Summary

Revenue
For the three months ended June 30, 2020, revenues were $1,455,158, compared to $1,640,350 for the same period last year, an 11% decrease. Revenues in the three months ended June 30, 2020 included our first EV ARCTM shipment into Canada and our second solar-powered EV DC fast charging deployment to a California rest area. We also delivered two Solar Tree® solar-powered sustainable infrastructure products which are designed to provide charging for electric buses, electric heavy-duty vehicles and growing electric vehicle options in the construction industry, in addition to several other EV ARCTM units. The same period in 2019 included the delivery of 16 units to one customer, the City of New York. For the first six months of 2020, revenues were $2,772,210 compared to $2,829,945 for the same period in 2019, a 2% decrease. As of June 30, 2020, our contracted backlog was approximately $2.6 million. Our shipments will continue to fluctuate each quarter due to the varying size of orders and timing of deliveries. The COVID-19 virus has caused some delays and cancellations of opportunities in our pipeline as a result of funding issues, priority issues or business closures, and may impact us more in the future.

Gross Profit 
For the three months ended June 30, 2020, we had a gross profit of $55,336 compared to a gross profit of $61,545 for the three months ended June 30, 2019 and for the six months ended June 30, 2020, we had a gross profit of $15,695 compared to a gross profit of $8,443 for the same period in the prior year. Our gross profit remains low as we’ve priced our units to be competitive and to gain market share in the EV charging market, but we expect it to improve as our revenues increase and we benefit from lower fixed overhead cost per unit, volume purchase pricing and improved labor efficiency.

Net Loss
Our net loss was $833,957, or $0.16 per basic and diluted share, for the three months ended June 30, 2020, reduced from $983,874, or $0.21 per basic and diluted share for the same period in 2019. This is primarily attributable to a reduction in interest expense due to the pay-off of debt following our public offering last year, partially offset by an increase in operating expenses, primarily for increased sales and marketing expense to support revenue growth, non-cash compensation expense and salaries and benefits. Our net loss for the six months ended June 30, 2020 was $1,776,478, or $0.34 per basic and diluted share, down from $1,933,505, or $0.51 per basic and diluted share for the same period in the prior year. Similar to the quarter, the reduction in interest expense that resulted from the elimination of debt was partially reinvested in higher operating expenses, primarily for sales and marketing activities.

Liquidity and Capital Resources
At June 30, 2020, we had cash of $1,952,394, compared to $3,849,456 at December 31, 2019. The cash usage during the first six months of 2020 resulted primarily from the net loss, net of non-cash expenses and increased inventory and prepaid expenses, and the payment of a convertible note payable to a related party. This was partially offset by cash generated from the exercise of warrants and a loan through the Small Business Administration Paycheck Protection Program made available through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Our working capital decreased from $5,142,719 to $3,989,036 from December 31, 2019 to June 30, 2020.

 

Webcast URL: https://services.choruscall.com/links/evsi200813.html

A webcast replay of the call will be available approximately one hour after the end of the call through November 13, 2020. The replay can be accessed through the above links.

About Envision Solar International, Inc.

Envision Solar, www.envisionsolar.com, produces and sells its unique and patented, sustainable infrastructure products for electric vehicle charging, energy security and outdoor media including the EV ARC™ and the Solar Tree® with EnvisionTrak™ patented solar tracking, SunCharge™ solar Electric Vehicle Charging, ARC™ technology energy storage, and EnvisionMedia™ solar advertising displays.

Based in San Diego, the company produces Made in America products. Envision Solar is listed on the Nasdaq CM under the symbols EVSI and EVSIW. For more information visit www.envisionsolar.com or call (858) 799-4583. Follow us on social media to keep up with the latest news: LinkedIn, Facebook, Twitter, Instagram, and YouTube.

Forward-Looking Statements 

This Envision Solar International, Inc. Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements.  Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results.

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