British Columbia-based manufacturer GreenPower Motor Co. has sold two all-electric school buses to California-based ADOMANI Inc. and appointed ADOMANI an authorized factory representative in California.
The sale included one Type A all-electric school bus and one Type C model for approximately $450,000, with an initial deposit of 10%, a second deposit of 10% in 90 days, and the balance on delivery. The delivery is slated for the second quarter of 2016.
Pursuant to the sale, GreenPower has named ADOMANI an authorized factory representative for its Type A, Type C and Type D all-electric school buses on a non-exclusive basis in California. The parties have mutually agreed upon benchmark milestones of 50 bus sales in 2016 and 100 bus sales in 2017, thereafter increasing by 10 school bus sales per annum. Assuming benchmark milestones are achieved, the GreenPower says its arrangement with ADOMANI will be ongoing and potentially expansive into additional territories.
“This traditionally diesel-dominated sector is still in the very early stages of adoption regarding new technologies, including zero-emission vehicles. Having the opportunity to provide new, from-the-ground-up designed, purpose-built all-electric school buses rather than taking an existing bus and modifying it to electric is exciting,” says Jim Reynolds, CEO of ADOMANI, which designs, manufactures and installs all-electric drivetrain systems for new or existing vehicles.
Fraser Atkinson, chairman of GreenPower, says, “Our line of all-electric school buses, with a range of more than 100 miles on a single charge, are an ideal fit for this market.”