- NFI Group (NFI) subsidiaries New Flyer of America and Motor Coach Industries were named zero-emission bus partners by nine transit agencies across the US
- NFI supported the successful applications for over $40 million in grants awarded to these agencies and was named a partner of choice
- In addition, at least $60 million of Low-No awards were made to additional U.S. public transit agencies
- NFI has electric vehicles operating in more than 80 cities in five countries, and its vehicles have completed over 40 million EV service miles
- NFI Group Inc. (NFI) is down 0.33 per cent and is trading at C$27.09 at close
NFI Group (NFI) subsidiaries New Flyer of America and Motor Coach Industries were named zero-emission bus ( ZEB) partners of choice.
Following the FTA Notice of funding, NFI supported the successful applications for over $40 million in grants awarded to nine U.S. public transit agencies and was the named partner for the agency receiving the largest award in 2021 of $7.4 million for 10 ZEBs.
Grant funds will support the procurement of ZEB’s and the associated charging infrastructure from NFI.
In addition, at least $60 million of Low-No awards were made to additional U.S. public transit agencies that have not yet named a specific ZEB partner and where NFI will now compete for the contracts.
Introduced in 2015, with the first disbursements in 2016, the FTA Low-No Grant Program is a competitive application process and exists to support the nation’s transition to low- and zero-emission fleets.
Funding can be used to purchase or lease low- and zero-emission buses, including acquisition, construction, and leasing of the necessary charging infrastructure and facilities. The FTA has now awarded U.S. public transit agencies Low-No grants to procure NFI buses and charging infrastructure for six consecutive years.
“The evolution to zero-emission mobility, or what NFI calls the ZEvolution, begins with public transit, and today’s announcement further demonstrates NFI’s leadership in this market,” said NFI’s President and Chief Executive Officer, Paul Soubry.
“Our integrated offering of zero-emission buses, infrastructure and connected technology has helped NFI create a strong solution to meet customers’ needs and we are proud to be selected as the partner of choice by such a large number of leading U.S. transit agencies driving our best showing ever with the FTA Low-No Grant Program,” added Soubry.
NFI has electric vehicles operating (or on order) in more than 80 cities in five countries, and its vehicles have completed over 40 million EV service miles. NFI offers the widest range of zero-emission (battery, trolley and fuel cell) electric buses and coaches available.
Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through a four-pillar approach that includes buses and coaches, technology, infrastructure, and workforce development.
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world.
NFI Group Inc. (NFI) is down 0.33 per cent and is trading at C$27.09 at market close.
