ev Transportation Services (“evTS”), a specialty vehicle OEM focused on the essential services and urban mobility markets, today announced its entry into a cooperative agreement to have its FireFly(R) ESV vehicles manufactured and distributed in the United Kingdom by Evtec Automotive, a U.K.-based electric vehicle technology group and part of the Stetford Group. The agreement calls for assembly and distribution of 5,000 FireFly vehicles over the next three years in the U.K. and further grants Evtec rights to expand its distribution network to markets in Western Europe. “We believe the combination of Stetford Group’s experience and industry leadership in automotive manufacturing technologies and evTS’ experience in design and recent extension of the FireFly platform into new sectors creates the perfect environment to forge new revenue streams from the many opportunities for use of our vehicles in the U.K. and European markets,” said evTS CEO and Chairman David Solomont.
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About ev Transportation Services Inc (“evTS”)
evTS is a specialty vehicle OEM that produces purpose built, all-electric lightweight commercial utility vehicles and fleet management solutions. Founded in 2015, the Boston-based company’s flagship product, the FireFly ESV, is aimed at the essential services transportation and urban e-mobility markets, which represent an annual U.S. domestic replacement market of approximately 100,000 vehicles, or roughly $2.5 billion annually. End user applications for the company’s vehicles include parking management, security and perimeter patrol, parks and sidewalk maintenance, utility meter reading, property and building management, airports, seaports, sanitation, university and corporate campuses, and last mile on-demand urban delivery. For more information, visit the company’s website at www.evts.com.
NOTE TO INVESTORS: The latest news and updates relating to evTS are available in the company’s newsroom at https://ibn.fm/EVTS
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