Despite a 58% decrease in revenue attributed to lower sales orders, the company achieved improved margins. Selling, general, and administrative expenses decreased by 4%, while research and development expenses were down by 24.3%.
Richard Staveley takes the lead at EO Charging, which is focused on charging solutions for depot-based fleets.
The award, from the Smart Electric Power Alliance, recognizes a project to bring electric school buses to the Bronx in New York City.
Kathy Hochul, governor of the Empire State, announced that applicants could receive at least $25,000 per bus for hardware, site upgrades, installation costs, and battery storage.
The company provides electric vehicle charging service to help meet California regulatory demands and to simplify the transition to electric school buses.
The duo brings decades of experience to the school bus manufacturer, helping customers navigate choices between propane, electric, and diesel school buses.
The $2.9 million grant will support a project, led by The Mobility House, that could be replicated in school districts across the state.
The new facility in North Carolina will produce the company’s modular and scalable satellite charging system.
Inquiries about the second funding opportunity from the Environmental Protection Agency’s Clean School Bus Program must be submitted before midnight Eastern on Aug. 9.
The chargers will power a fleet of 25 new Thomas Built Jouley electric school buses for Lawrence Public Schools.
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