Infratil Limited
(ASX:IFT) has entered a $38.48 million deal with Wrightspeed Inc to supply its electric powertrain technology (the Route 500), on its public transport business through NZ Bus.
Wrightspeed is a California electric vehicle company, and this deal marks its entry into passenger transport.
Executive, Kevin Baker, says that an electric public transport fleet will help New Zealand “transition to a clean energy public transport system and play a significant role in decarbonisation and reducing noise pollution”.
The company says that NZ Bus will receive its first Wrightspeed powertrains by mid-2016, and is planning to roll out its first electric-powered bus on New Zealand roads by the last quarter of this year.
Infratil reported a net gain of $428.08 million at 31 December 2015.
