New Multi-Year New York State Commercial EV Program Offers Purchase Incentives for Fleets to Go Electric KANSAS CITY, Mo., Nov. 15, 2011 /PRNewswire/ — Smith Electric Vehicles Corp....
Read MoreThe White House Office of the Press Secretary The Federal Government operates the largest fleet of light duty vehicles in America. We owe a responsibility to American citizens to lead by example and contribute to meeting our national goals of reducing oil imports by one-third by 2025 and putting one million advanced vehicles on the road by 2015. Living up to that responsibility means the Federal fleet should operate only as many vehicles as needed to work efficiently, leveraging Federal...
Read MoreTechnology evolves in unpredictable ways. When the first functioning lasers were created, scientists applauded the technical achievement, but no one knew what to do with them. They were called “a solution looking for a problem.” Today, you’d be hard pressed to find an American home without one or two buried deep inside a DVD player or computer. Similarly, commercial activity was actually prohibited on the Internet’s early precursors. Now, one estimate of e-commerce spending suggests more than $130 billion changed...
Read MoreSmith Electric Vehicles U.S. Corp., a U.S. manufacturer of plug-in battery powered electric trucks, sold $58 million of shares privately to unidentified investors. The financing includes $39 million in cash received from the sale of Series B convertible preferred stock, the Kansas City, Missouri-based company said today in a statement. Additionally, bridge notes and related warrants were converted into $19 million of Series B preferred shares. Of the proceeds, $5 million will be used to prepay monthly installments in connection...
Read MoreFebruary 2011 Status Report Executive Summary President Obama’s goal of putting one million electric vehicles on the road by 2015 represents a key milestone toward dramatically reducing dependence on oil and ensuring that America leads in the growing electric vehicle manufacturing industry. Although the goal is ambitious, key steps already taken and further steps proposed indicate the goal is achievable. Indeed, leading vehicle manufacturers already have plans for cumulative U.S. production capacity of more than 1.2 million electric vehicles by...
Read MoreTony Blair Tries Smith Electric Truck Mr. Blair said: “In the years to come, this operation is absolutely where the future will be. The Prime Minister, the Rt Hon Tony Blair MP, today (FEB 2) plugged into a new generation of electric vehicles and praised the innovative UK company behind them. Mr. Blair praised the Smith Newton, the largest and most powerful zero emission truck ever produced. Built by Smith Electric Vehicles, the 7.5 tonne Newton is totally battery powered, making it perfect for work in congested city centres. “It is fantastic that...
Read MoreJames R. Boulduc By citybizlist Staff COLUMBIA, Md. — Columbia-based private equity firm JPB Capital Partners II, L.P., led by James R. Bolduc, contributed $6 million to support the acquisition of Johnson & Johnson’s St. Joseph Aspirin brand by Ilex Consumer Products Group, Inc. (Ilex CPG). The financial specifics of the deal, which citybizlist reported on nearly 3 weeks ago, were disclosed in an SEC filing. At the time, JPB Capital only announced that it made a “significant equity investment”...
Read MoreTHE world’s leading manufacturer of commercial electric vehicles, Smith Electric Vehicles Europe Ltd, is powering ahead following its decision last year to bring on board Gateshead College as its strategic training partner to deliver the first ever electric vehicle apprenticeship. The driving force behind the move was managing director Geoff Allison, who wanted to ensure the Washington-based company would be able to secure its future in the global market place for electric vehicles with a workforce of highly trained technicians,...
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