ev Transportation Services (“evTS”), a designer, developer and manufacturer of all-electric lightweight commercial vehicles and fleet management solutions, is currently focused on opportunities within the U.S. market. “Although international parties have expressed interest in evTS technology, the company remains focused on meeting the immediate needs of the U.S. market for the time being… Potential international sales of the FireFly ESV could increase the company’s sales by five to ten times over a 12- to 18-month time frame.” This is according to an article detailing ev Transportation Services Inc.’s outlook for 2021. “evTS’s focus is on categorized essential services… These essential-service vehicles target a niche of customers, according to Solomont (evTS chairman and CEO), who added that the parking enforcement industry can be described as the ‘low-hanging fruit’ for the company’s offering due to the sector being a multibillion-dollar business.” evTS is also focused on fulfilling the demand created by the pandemic. “With the increase in customers wanting on-demand delivery options in the wake of the COVID-19 pandemic, evTS has begun working on targeted on-demand urban delivery as its next wave of focus in 2021.”
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About ev Transportation Services Inc (“evTS”)
evTS designs, develops and manufactures all-electric, lightweight commercial utility vehicles and fleet management solutions. Based in Boston, the company is currently focused on the essential services transportation market, which represents a replacement market of approximately 100,000 vehicles or roughly $2.5 billion annually. End user applications for the company’s vehicles include, among others, parking enforcement, security patrol, utility meter reading, parks & recreation, sanitation, airports, seaports, universities, warehouses & fulfillment, and local small package delivery. More information can be found at http://evtaas.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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