Cordes & Company, in its capacity as receiver of Lightning eMotors, entered into an Asset Purchase Agreement to sell substantially all of the assets of the company for $12.6 million in cash, subject to adjustment.
President Biden’s Bipartisan Infrastructure Law, invests $5.6 billion to support the purchase of cleaner American-made transit buses, train the transit workforce, and upgrade fueling and maintenance infrastructure.
The Draft Environmental Impact Statement, an important step in an applicant’s process to potentially receive federal funding, allows government agencies and the general public to review the proposed project and provide comments.
This article will explore the influence of curb and gross weight on fuel consumption in public transit fleets and provide strategies for optimizing fuel efficiency, such as weight distribution, fuel management systems, and route planning.
The acquisition, which was made at a purchase price of $210 million before adjustment for inventory level at closing and was first announced in November, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C.