- Ideanomics Inc IDEX subsidiary US Hybrid bagged a $5.5 million purchase order from Global Environmental Products (GEP) for additional battery powertrain kits for electric street sweepers for California and other state fleets.
- The delivery of the order is expected to occur in 2022. Financial terms were not disclosed.
- The battery-electric powertrain kits in this new purchase order will include the battery, powertrain, charger, economizer, and telematics.
- In 2009, GEP partnered with US Hybrid to launch the first hybrid electric street sweepers in New York City and deployed an additional operation in Japan.
- In 2021, GEP teamed with US Hybrid to deploy, fully electric, supercharged street sweeper operating in Brooklyn, New York.
- Price Action: IDEX shares are trading lower by 1.09% at $1.36 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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