RANCHO
DOMINGUEZ, Calif., April 30,
2024 /PRNewswire/ -- On April
12, 2024, Evolectric held the grand opening of its new
headquarters in Rancho Dominguez,
California. This significant expansion marks a major
milestone in Evolectric's mission to accelerate the global
transition from gasoline to electric vehicles through innovative
and cost-effective solutions.
The ribbon-cutting ceremony featured notable attendees,
including representatives for Congresswoman Nanette Diaz Barragán;
Congressman Robert Garcia; State
Senator Steven Bradford; and Mayor
of Long Beach Rex Richardson. The event was also attended by
prominent local business leaders such as Jeremy Harris, President & CEO of the
Long Beach Area Chamber of
Commerce, and leaders from the Los Angeles Cleantech Incubator
(LACI), CALSTART, Sunstone Management, TCI Transportation, and AB
InBev.
Jakson Alvarez, Co-CEO and CFO,
highlighted the company's achievements and future plans: "We have
proven that we can build a dependable, world-class product that
meets the needs of fleet owners. Our advanced and smart technology,
decentralized installation process,
and strong ecosystem position us to lead commercial EV conversions
globally through our CircularEV™ solutions, taking retrofits
to the next level."
Bill Beverley, Co-CEO and CTO,
expressed: "The attendees who joined us represented a vibrant and
dedicated ecosystem of customers, investors, government officials,
academics, and supply chain enablers. With these partners,
Evolectric is charged up to continue to deliver game-changing and
smart EV solutions at a much lower cost than anybody else."
Evolectric has successfully demonstrated that a decentralized and scalable installation model is
viable through service centers local to their customer's fleets.
They are on track to deploy a process in 2025 that will enable them
to reach a capacity of 100,000 vehicles per year through 1,000
service center installation partners.
Abdo Bridi Tlaiye, Logistics Innovation Manager at AB InBev:
"This is one of the best products that we have experienced. We have
around 10 different electric brands that we have tried, and this is
one of them we have liked the most. I'm especially appreciative of
having the numbers that support a lower total cost of ownership. It
makes a lot of sense for us to make this kind of change."
John Keisler, CEO of Sunstone
Management: "Short-haul and regional commercial vehicles are the
ones negatively impacting the community the most. Evolectric
provides the ability to reduce air and noise emission along with
fuel cost reduction of 80%. Sunstone is a venture partner working
with government entities in unlocking working capital for companies
like Evolectric and their customers."
John Sappington, Executive VP
Sales & Marketing at TCI Transportation: "We are excited to add
the new Evolectric trucks to our lease and rental fleet. These
vehicles are lighter weight than most in their class, allowing for
greater payload. Additionally, being built on the Isuzu N-Series
chassis, our technicians are very familiar with the product –
making service and repairs a breeze. Our customers are going to
fall in love with Evolectric's CircularEVs."
Niki Okuk Deputy Director, Trucks & Off-Road, CALSTART: "We
are excited to work with Evolectric to deploy these vehicles
quickly into the hands of the people who need them most. Evolectric
is pioneering in the sense that the vehicle that they brought to
market is so close to cost parity – and it actually translates into
real fuel savings every month for owners."
The new 18,000 square-foot facility will support production
ramp-up, further product development, and warehouse kit inventory –
while empowering a growing team dedicated to transforming the
commercial fleet industry.
About Evolectric:
Evolectric is a leading provider of
electrification solutions dedicated to advancing accessible and
sustainable electric vehicle technologies. Headquartered in
California, Evolectric is at the
forefront of transforming the commercial fleet industry with its
innovative CircularEV™ conversion kit. EvolectricNow.com
Contact: pr@evolectricnow.com
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SOURCE Evolectric