Tropos Technologies announced May 25 the signing of a multi-year memorandum of understanding with Momentum Groups, an electric vehicle fleet management solution provider, to supply its Tropos Motors eLSVs (electric low speed vehicles).
Low speed vehicles are escalating globally, and the rapid growth is attributed to a breadth of demand across a number of applications including last-mile delivery of products and food, various trades and utility uses, as well off-highway and on-campus usage. Tropos Motors eLSVs, combined with their customizable payload packages, have the flexibility to meet the needs of fleets in multiple vertical markets with zero emissions and a lower total cost of ownership.
Under the terms of the five-year memorandum of understanding, Tropos and Momentum will collaborate to offer a complete solution to meet the increasing demands of organizations that are adopting electrified technology to replace traditional low speed vehicles. Together, the companies will offer the Tropos Motors eLSV portfolio, paired with flexible financing options, service, maintenance support, logistics, and charging infrastructure consulting services from Momentum to champion the adoption of eLSVs. They are forecasting to jointly deliver up to 30,000 fleet vehicles over the next five years.