VIA Motors Sells 2,000 Class 3 Electric Chassis Cabs to Pegasus Specialty Vehicles

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The deal is valued at greater than $170 million, with deliveries of the Class 3 cutaway chassis cabs to start in 2024

NEW YORK, Sept. 27, 2022 /PRNewswire/ — VIA Motors, a number one business electrical car producer with confirmed superior electrical drive know-how and sustainable mobility options for all kinds of Class 2 – 5 electrical business automobiles purposes, at this time introduced that it has acquired a purchase order order for 2,000 Class 3 VIA electrical cutaway chassis cabs from Pegasus Specialty Vehicles. Pegasus will leverage the flexibleness of VIA’s business merchandise to construct Type A college buses, electrical shuttles, and paratransit buses. Pegasus has a dealership community all through the United States, together with Creative Bus Sales, the nation’s largest bus dealership.

“With our innovative electric commercial vehicles, we can provide an EV solution to not only the bus, shuttle and transit segments, but also to many of the commercial segments,” mentioned Bob Purcell, CEO of VIA Motors.

A Pegasus Bus on a VIA cutaway will characteristic all-wheel-drive and industry-leading low flooring top and turning radius. Gross Vehicle Weight score (GVWR) of the items will vary from 12,500 to 14,000 kilos. The electrical motors will generate a steady rated 400 horsepower and might be in a position to transport a payload of seven,000 to 8,200 kilos inside a variety of 180 miles.

“Our primary strategic objective is predicated upon bringing new, innovative, and unique bus solutions to the marketplace, and our Valkyrie model on the VIA chassis does just that,” mentioned Brian Barrington, president of Pegasus Bus Company. “Our advanced bodies, mounted on these reliable, fuel-efficient and customizable chassis will truly be a game-changer in the markets we’re focused on.”

Pegasus Specialty Vehicles has an settlement in place with Creative Bus Sales to help the sale and servicing of their automobiles. Creative’s nationwide dealership base consists of 23 sellers all through the U.S. and Canada. This relationship permits VIA and Pegasus to leverage Creative’s in depth service community and long-established experience within the bus market. Pegasus’ complete vendor community consists of 56 vendor gross sales and repair facilities.

“We’re very excited to take on the Pegasus product line and the timing couldn’t be better,” mentioned Jason Hohalok, gross sales supervisor for Creative Bus Sales California. “Our customers are looking for new and better solutions, and the Pegasus Type A school buses, electric shuttle and paratransit bus bodies on the VIA Electric Chassis provides us with exactly that.”

In the United States, there are greater than 500,000 faculty buses on the street bringing roughly 25 million kids to and from faculty. Together, these faculty buses signify one of many largest fleets within the nation and primarily run on diesel gas, emitting greater than 5 million kilos of CO2 emissions and different poisonous pollution per yr. Recently, the U.S. Environmental Protection Agency has made greater than $500 million in funds accessible for varsity districts to buy clear, quiet zero-emission faculty buses.

“VIA Motors is delighted to receive a significant order that will help accelerate the electrification of school buses in the United States and Canada,” mentioned Frank Jenkins, senior director gross sales and advertising for VIA Motors. “As we work with Pegasus and leverage the reach of Creative Bus Sales, the potential to grow VIA’s footprint in this segment is strong.” 

VIA Motors’ electrical business vehicles embody Class 2 by way of Class 5 chassis cabs, cutaways, walk-in vans and platforms with electrical drive know-how providing sustainable mobility options to assist business clients obtain their electrification objectives. VIA’s purpose-built business automobiles can handle business clients’ wants in a number of purposes and responsibility cycles. The VIA distinction is to leverage a real OEM sturdy car validation course of to guarantee the corporate offers a truck that’s reliable, sturdy and delivers greater than anticipated.

To view high-resolution photographs of Class 3 VIA electrical cutaway chassis cabs and Pegasus bus purposes, please go to https://drive.google.com/drive/folders/1M2oNQCMr91e7mCxfp2IbsqGxej-IKSJ_?usp=sharing.

ABOUT VIA MOTORS INTERNATIONAL, INC.

VIA is a number one electrical business car firm with confirmed superior electrical drive know-how, delivering sustainable mobility options for a extra livable world. VIA designs, manufactures, and markets electrical business automobiles, with superior life-cycle economics, to be used throughout a broad cross-section of the worldwide fleet buyer base. VIA’s automobiles are optimized for every fleet’s wants, with clever software program packages and fleet monitoring techniques which might be designed to scale back price and enhance working efficiencies. VIA is a systems-driven firm and strives to optimize the entire fleet expertise together with power, upkeep, uptime, route mapping and extra, with lowered improvement time, improved high quality, driving consolation, power effectivity and connectivity. VIA Motors is in a pending transaction with Ideanomics, a world group with a easy mission, to speed up business adoption of electrical automobiles. https://www.viamotors.com

ABOUT PEGASUS SPECIALTY VEHICLES

Pegasus Specialty Vehicles is spearheaded by industry-proven management, skilled as respected knowledgeable innovators within the faculty transportation and manufacturing industries. Its administration staff brings a tradition of creativity, flexibility, effectiveness, effectivity, and teamwork to producing competitively priced trendy faculty and shuttle buses that handle market wants which were ignored by present bus producers. Located in West Central Ohio, Pegasus is positioned to give you the chance to service your entire U.S. and Canada from one location. The firm offers buses for each faculty and transit bus industries. The firm’s management is properly acknowledged by bus sellers, faculty bus contractors, faculty district transportation operators, and decision-makers who’ve expressed dissatisfaction with present merchandise that don’t present the options these patrons want and wish. Learn extra at www.ridepegasus.net

ABOUT CREATIVE BUS SALES

Creative Bus Sales presents devoted gross sales, elements, and repair departments to show you how to in all phases of bus possession. As a family-owned business with expertise within the transportation {industry} since 1980, it is no coincidence that Creative Bus Sales has grown to grow to be the nation’s largest bus dealership. In addition, its new and used buses bear a bumper-to-bumper inspection to assist shield clients’ investments. Customers additional profit from the corporate’s robust manufacturing partnerships, the most important in-stock stock, and a nationwide staff of consultants. Learn extra at www.creativebussales.com

Safe Harbor Statement  
Any statements contained on this press launch that don’t describe historic info might represent forward-looking statements inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, together with statements relating to the anticipated timing for the submitting of the Form 10-Ok, the Company’s capability to regain compliance with the Nasdaq necessities for continued itemizing and associated issues. These forward-looking statements are sometimes recognized by way of forward-looking terminology reminiscent of “believes,” “expects,” or comparable expressions that contain identified and unknown dangers and uncertainties. Any forward-looking statements contained herein are primarily based on present expectations, however are topic to dangers and uncertainties that would trigger precise outcomes to differ materially from these indicated, together with, however not restricted to, dangers and uncertainties relating to the failure of the Company to file the Form 10-Ok on its anticipated timeline and different danger elements mentioned from time to time within the Company’s filings with the SEC. These and different elements are recognized and described in additional element within the Company’s filings with the SEC, together with, with out limitation, the Company’s most up-to-date Form 10-Ok and Form 10-Q. The Company expressly disclaims any intent or obligation to replace these forward-looking statements aside from as required by legislation.

For additional data, please contact:
Frank Jenkins, Senior Director Sales, and Marketing
VIA Motors, Inc.
Phone: (574) 780-9045
Email: [email protected]

SOURCE Ideanomics



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