Local Motors closes before e-shuttle Olli takes off
Local Motors, the maker of the autonomous electric shuttle Olli, will cease operations on Friday, according to several posts on LinkedIn by various employees. The company has not yet made an official announcement. The reason for the presumed shutdown of Local Motors is said to be a lack of capital.
Forest River & Lightning partner up on e-buses
Forest River, which is the largest maker of shuttle buses in North America, and Lightning eMotors that specialises in electric commercial vehicles for fleets, have announced a strategic partnership worth approximately $850 million. The partners aim to put up to 7,500 electric shuttle buses on roads in the US and Canada by 2025.
Local Motors places major order with Protean Electric
Local Motors has placed a major order with British e-drive specialist Protean Electric as part of their existing cooperation. The new three-year contract calls for the supply of thousands of Protean’s in-wheel motors for use in Local Motors’ Olli 2.0 e-shuttles that run autonomously.
Magna & Ree to develop light EVs
The Israeli start-up Ree Automotive wants to develop and build light commercial vehicles (LCVs) together with the supplier and contract manufacturer Magna – based on Ree’s technology. A corresponding strategic cooperation agreement has now been signed.