Zero emissions vehicles will help reduce total cost of ownership

 [Foster City, Calif. – November 10, 2020] — Motiv Power Systems announced a renewal of its partnership with Bimbo Bakeries USA (BBU), the largest bakery in the United States. This follows a successful 12-month pilot of five Motiv-powered electric trucks that performed flawlessly on real-world delivery routes. BBU and Motiv are now strengthening their partnership, with 23 additional trucks currently in production and another 100 planned for 2021 deployments, all powered by Motiv’s EPIC F-59 chassis. BBU will deploy these additional vehicles across California, New York, and Pennsylvania.

“We are pleased with the 100 percent uptime of our pilot vehicles and look forward to growing this partnership into 2021 with additional deployments,” said Eric McCann, Technical Fleet Manager for Bimbo Bakeries USA. “Sustainability is built into our company’s purpose and incorporating these vehicles into our fleet is an important step toward reducing our dependence on fossil fuels. With Motiv’s help, we’re confident that we will meet our goals.”

BBU, a baking industry leader, is mindful of its environmental footprint and aims to set a positive example among its peers, associates, customers, and consumers. The company has implemented programs throughout the country to reduce water, power, and energy usage, decrease air emissions, and utilize an environmentally responsible waste management system.

Bimbo Bakeries USA doubled down on sustainability with a triple-digit repeat order of all-electric delivery vans utilizing the EPIC F-59 chassis from Motiv Power Systems.

 

“Our continued work with Bimbo Bakeries USA to help achieve their sustainability goals runs concurrent with our mission to free fleets from fossil fuels,” said Matt O’Leary, Motiv Chairman and CEO. “We are grateful for the trust Bimbo has placed in our products, thanks to our industry-leading technology development by our engineering team, the robust build and quality delivered by our manufacturing team, and the excellent service provided by our customer support team.”

Delivery vans are a popular choice for large parcel and delivery fleets, linen and uniform companies, and bakery trucks, due to the ample cargo space which is easily accessible while drivers make multiple stops. The last-mile operations and return-to-depot nature make them a great candidate for electrification.

As fleets move to electric, operators need a way to seamlessly transition their internal combustion engine (ICE) vehicles to electric vehicles (EVs) without compromising functionality and reliability. Motiv’s EPIC chassis utilizes a proprietary AdaptEV^TM software platform, which provides optimized vehicle performance and efficiency. The EPIC chassis are Ford eQVM approved and retain the Ford OEM chassis warranty. By utilizing an OEM chassis, truck and bus builders can install the same bodies on EPIC chassis that fleet managers and drivers are using today in their gasoline or diesel vehicles, enabling an even easier pathway to electrification.

 

About Motiv Power Systems

Founded in 2009 and headquartered in the San Francisco Bay Area, Motiv Power Systems is a sustainable technology company delivering EV solutions for medium-duty trucks and buses. Its commitment to freeing fleets from fossil fuels provides fleets a seamless pathway to electrification. Motiv’s proven EV technology is Ford eQVM-approved, CARB-certified, uses high-performance BMW batteries, and is available for many configurations, including step vans, box trucks, work trucks, shuttle buses, school buses, trolleys, and other specialty vehicles. Motiv has over 100 vehicles on the road, operating at over 99 percent uptime, and more than one million miles logged among several of the largest fleets in North America. Motiv’s adaptable technology solutions offer fleets up to 85 percent operation and maintenance cost savings and provide operators with a healthier, smoother, and quieter driving experience without polluting the communities they serve. For more information and career opportunities, please visit motivtrucks.com.

 

About Bimbo Bakeries USA
Bimbo Bakeries USA (BBU) is a leader in the baking industry, known for its category leading brands, innovative products, freshness and quality. Our team of 20,000 U.S. associates operates more than 50 manufacturing locations in the United States. Over 11,000 distribution routes deliver our leading brands such as Arnold^®, Artesano^®, Ball Park^®, Bimbo^®, Boboli^®, Brownberry^®, Entenmann’s^®, Little Bites^®, Marinela^®, Mrs Bairds^®, Oroweat^®, Sara Lee^®, Stroehmann^®, and Thomas’^®. BBU is owned by Mexico’s Grupo Bimbo, S.A.B de C.V., the world’s largest baking company with operations in 33 countries.

 

Media Contact

Motiv Power Systems
Sarah Malpeli
(408) 806-9626 ext. 6840
sarah@technicacommunications.com

Bimbo Bakeries USA
Nicole Lasorda
(610) 649-9292
nicole@buchananpr.com

Additional funding will provide the capital needed to accelerate customer expansion

[Foster City, Calif. – August 24, 2020] — Motiv Power Systems, a sustainable technology company delivering all-electric chassis with a proven software platform for the electrification of medium-duty trucks and buses, today announced that it has secured $15 million of additional funding from GMAG Holdings Corp. The funding will be made by means of convertible notes that are expected to be converted into a Series C funding round, which Motiv is in the process of raising. With this new financing, Motiv aims to further scale its manufacturing operations, as well as fund technology and geographic expansion.

“Despite the challenges created by the current pandemic, Motiv’s progress continues at an impressive upward trajectory,” said Matt Gallaher, CFO at GMAG Holdings Corp. “We see great potential in the company’s future as the leading player in the commercial EV space.”

This new funding comes as the commercial electric vehicle (EV) market is gaining momentum as fleet owners look to meet new regulations, reduce costs, and answer social pressures for cleaner transportation options. As an example, the California Advanced Clean Truck rule, implemented by California’s Air Resources Board, mandates 50 percent of trucks sold in California must be zero-emissions by 2035, and 100 percent by 2045.

“This funding demonstrates the sustained commitment of GMAG Holdings, Motiv’s largest investor, to support our growth,” said Matt O’Leary, Motiv Chairman and CEO. “Our progress with down costing, investment in a strong customer support team, and a proven 5^th generation technology have resulted in some 200 vehicle orders, more than half of which are repeat orders from happy customers.”

In April, Motiv celebrated 1 million electric miles logged among several of the largest fleets in North America, equating to 900 plus metric tons of greenhouse gas (GHG) eliminated, which is the equivalent to 213 passenger vehicles driven for one year.

“Time and again, our customers give Motiv high marks on their vehicle performance across a range of diverse medium-duty vehicles, from trucks and buses, to specialty vehicles and shuttles,” continued O’Leary. “We leverage this feedback into higher-performing and even more-reliable and lower-cost products with every generation.”

As a leader in the commercial EV space, Motiv believes that it is well positioned for growth with its proprietary AdaptEV software platform, patented power electronics, and industry-leading truck and bus body partners.

 

About Motiv Power Systems

Founded in 2009 and headquartered in the San Francisco Bay Area, Motiv Power Systems is a leading provider of proven technology to electrify medium-duty trucks and buses. Its commitment to freeing fleets from fossil fuels provides fleets a seamless pathway to electrification. Motiv’s proven EV technology is Ford eQVM-approved, CARB-certified, uses proven BMW batteries, and is available for many configurations including step vans, box trucks, work trucks, shuttle buses, school buses, trolleys, and other specialty vehicles. Motiv has over 100 vehicles on the road, operating at over 99 percent uptime, and more than one million miles logged among several of the largest fleets in North America. Motiv’s adaptable technology solutions offer fleets up to 85 percent operation and maintenance cost savings and provides operators with a healthier, smoother, and quieter driving experience without polluting the communities they serve. For more information and career opportunities, please visit motivtrucks.com.

 

Media Contact for Motiv:

Joanna Hamblin
Sr. Marketing Manager
Motiv Power Systems
joanna.hamblin@motivps.com
(650) 204-9099

Technica Communications
Sarah Malpeli
(408) 806-9626 ext. 6840
sarah@technicacommunications.com