SILICON VALLEY, Calif., June 23, 2021 /PRNewswire-PRWeb/ -- Tropos Technologies ("Tropos"), leading supplier of eLSVs (electric low speed vehicles) has announced today the expansion of its strategic alliance with BIB Technologies, Inc. As part of the expansion, the companies will collaborate to deploy 3,000 specialized Automato mobile IoT food locker vehicles over the next three years.
The demand for low-speed electric vehicles continues to rise across a number of applications including the last mile delivery of fresh meals, groceries, personal care items, and dry goods. Over the last year, the pandemic, small business trends, and demand for home delivery has driven rapid growth in the grocery and restaurant sectors, paired with a renewed focus to do so through more affordable, sustainable vehicle operations, are bringing new opportunities quicker than anticipated by market forecasts.
On the heels of its February 2021 strategic alliance announcement, the latest expansion has tripled the number of expected vehicle units—a collaboration valued at over $100,000,000. Together, the companies will offer the Tropos Motors ABLETM XR clean-energy vehicle platform, paired with the patented BIB Technologies IoT mobility hub locker and advanced controls and logistics software—enabling the unique ability to provide both temperature-controlled storage options, as well as mobile selling kiosks for non-perishable goods of all industries. The mobile storefronts offer businesses a zero-emissions vehicle with a low-cost entry point to create or grow their operations beyond the traditional brick and mortar storefront into off-premise locations including corporate and university campuses, hospitals, malls, sports events, parking lots, and other remote locations.
They are forecasting to jointly deliver 3,000 vehicles over the next 36 months and expect that needs will broaden beyond food delivery into the hospitality, medical, and other delivery locker applications. The platform availability is scheduled for launch in second half of 2021.
"We are excited to expand our collaboration agreement with BIB Technologies, enabling us to deploy zero-emissions technology rapidly to companies exploring new approaches to how they operate," said John, Bautista, CEO of Tropos Technologies. "The growing demand and broader adoption of EVs continue as food and grocery delivery-especially in last mile applications hold steady. Our collaboration with BIB Technologies integrates best-in-class vehicle and advanced controls software-uniquely positions us in the market."
"We are pleased with our collaboration with Tropos Technologies, and look forward to growing the partnership with additional vehicle deployments" said Deloss Pickett, CEO of BIB Technologies. "The evolving mobility landscape is opening new and expansion business model opportunities, and BIB Technologies is well-positioned to deliver sustainable solutions to the marketplace, combining the modularity of the ABLETM XR vehicle, paired with the proprietary BIB self-powered platform.
About Tropos Technologies, Inc.
Tropos Technologies, Inc. is a Silicon Valley-based company that manufactures and distributes all-electric, street-legal vehicles, specializing in utility eLSVs under the Tropos Motors brand. These vehicles are designed for corporate, fleet, first-responder, agriculture, last-mile delivery, and construction applications.
Tropos employs the latest EV technology, experienced engineering, and modern design aesthetics. The Tropos Motors ABLE™ is a full line of durable, versatile, and available eLSVs. The Tropos Motors product line can handle large payloads and towing capacities and operate in too-tight quarters with a short wheelbase and turning radius. Tropos Motors eLSVs can be operated indoors, outdoors.
For more information, please visit http://tropostech.com or http://troposmotors.com to learn more about their vehicle platforms.
About BIB Technologies:
BIB Technologies is a Los Angeles-based startup combining the future of sustainability, automotive delivery, and storefront pickup all into one package. BIB Technologies offers a suite of products including its delivery-pickup concept dubbed the "Automato" (a homage to the Automat from the early 1920-30s in America), SaaS software that features contactless plug and play ordering and pickup, and temperature-controlled self-powered mobility systems. These new technologies by BIB will elevate the kitchen-to-door experience for users, just as you would have at a restaurant. BIB's overall focus is utilizing clean energy through a self-powered platform to revolutionize the food industry. Learn more about BIB Technologies.
BIB Technologies, Inc
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Tropos Technologies and BIB Technologies undertake no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.
Angela Maximo, Tropos Motors, +1 (209)471-7891, [email protected]
Blake Rodrigo, BIB Technologies, (831)297-2925, [email protected]
SOURCE Tropos Motors