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The contract, which is the largest base award of battery-electric buses by a U.S. transit agency, will be built in Southern California, sustaining good jobs as LA prepares to welcome the world in 2028
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With this contract award and the other successes in the US, Germany, Italy, Austria, and Lithuania, Stadler once again confirms its position in alternative and ecological drive systems with batteries and hydrogen as over 150 trains with battery or hydrogen drives have been sold to date.
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The acquisition of the new, all-electric bus was made possible through funding from the Volkswagen Environmental Mitigation Trust.
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FTA's bus funding represents the third bus grant package since President Biden signed BIL, which has invested more than $3.3 billion in American transit buses and the infrastructure that supports them.
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Upon Administrator Fernandez’s departure from FTA on February 24, FTA Deputy Administrator Veronica Vanterpool will serve as acting administrator.
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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.
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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.
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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.
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Business is expected to be substantially completed by the end of fiscal year 2024, once existing customer orders are completed and delivered, according to the company.
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METRO's Innovative Motorcoach Operator of the Year focuses on technology and empowering people to drive its vision at six separate and environmentally diverse operations.
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The significant step toward sustainable transit comes after the bus underwent rigorous testing last year.
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