Memorandum of Understanding between Zeus and AUSEV includes initial sale of 100 vehicles which will initiate electric work truck availability in Australia
LONG BEACH, Calif., May 18, 2022 /PRNewswire-PRWeb/ -- Zeus Electric Chassis, Inc., a leading North American manufacturer of class 4-6 purpose-built, severe-duty, electric work truck solutions, announced to the industry the details of a Memorandum of Understanding (MOU) with AUSEV during a media event held at the Advanced Clean Transportation Expo, on May 11, in Long Beach, California. AUSEV is a subsidiary of Boss Capital Holdings (Boss) dedicated to the manufacture and distribution of electric vehicles.
The MOU will provide opportunities for the companies to collaborate in the distribution, service, and marketing of the Zeus Electric Chassis all-electric cab-chassis in Australia and the broader Oceania market. Zeus will be exporting a new, right-hand drive (RHD) version of its Z-19 Power Platform to Australia as part of the MOU.
Boss Managing Director Edward Kocwa said an agreement, when signed, will unlock exciting opportunities to launch the electrified work truck market in Australia. "The mission at AUSEV is to accelerate the adoption of RHD electrical vehicles into the market, and an agreement will allow us to do that and become a leading distributor of heavy-duty RHD 4x4 electric trucks in Australia."
A purchase commitment for 100 Zeus vehicles - a combination of fully assembled cab-chassis and partially assembled units (knock-down kits (KDKs) – will be central to the agreement. The MOU provides for final assembly of the KDKs in Australia.
"Our subsidiary, Advanced Manufacturing Queensland, located in Brendale, has the ability to manage the assembly of initial knock-down kits," noted Kocwa.
Kocwa said that he appreciates the excellent working relationship AUSEV shares with the Zeus team: "Partnering with Zeus was an obvious choice due to their solution-ready offering to the market. We recognized the value in a fully engineered solution that not only allowed speed to market for AUSEV, but could also provide on-purpose configurations of vehicle body types for fleet and asset managers who are being mandated to lower their CO2 emissions."
For Zeus, a strategic agreement will allow it to leverage AUSEV's presence and expertise in Australia and throughout the Oceania region at large to generate revenue and growth outside of North America.
"There will be continued opportunity for joint development of the Power Platform to integrate with different vocational truck bodies as AUSEV and Zeus work together to penetrate the Australian EV medium-duty truck space," said Zeus CEO Bob Grinstead.
Moving forward, Zeus will continue to support the expansion of its product portfolio. As part of the impending agreement, Zeus will provide business development and marketing related content, target market analysis, total cost of ownership and return on investment analyses, ongoing engineering support and new options for chassis design.
Headquartered in White Bear Lake, Minnesota, Zeus recently introduced its all-electric Power Platform cab-chassis designed exclusively for the vocational work truck industry. Its Class 4-6 cab-chassis is designed from the ground up to accommodate the widest possible variety of truck bodies and to operate all traditional truck-mounted equipment.
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About Zeus Electric Chassis, Inc.
Zeus is a leading class 4-6 purpose-built, severe-duty, electric work truck solution in North America. The company's mission is to engineer and manufacture uncompromising, full-electric vocational solutions that address environmental and industry needs. Zeus' ground-up approach and willingness to co-develop allow its customers to reimagine their future business models. Zeus is well networked within the eMobility ecosystem, partnering with market-leading technology suppliers, work truck OEMs, end-user fleets, and nonprofit industry leaders with the mission of accelerating EV adoption nationwide. Learn more at http://www.zeuselectricchassis.com.
About Boss Capital Holdings
Boss Capital Holdings is an Australian private investment company. The company's mission statement is "Invest in Australia," and its goal is to strengthen Australia's sovereign capabilities and global influence. Starting with one import company in 2012, Boss has vertically integrated its supply chain and rapidly expanded its advanced manufacturing capabilities, making it the only end-to-end solution in the Australian automotive sector. In 2020 the company diversified its portfolio with internet-related technologies and formed a social enterprise to further invest in Australia. Today, Boss Capital Holdings has invested in the following market sectors: advanced manufacturing, technology, software engineering, engineering and design, automotive manufacture, automotive retail, vehicle certification, business certification, and finance. Learn more at http://www.bosscap.com.au/home
For further information, please contact:
Meredith Brandt, Communications Manager
Zeus Electric Chassis, Inc.
Phone: (844) 938-7462
Email: [email protected]
SOURCE: Zeus Electric Chassis, Inc.
The Zeus Power Platform is a trademark of Zeus Electric Chassis, Inc.
Media Contact
Rick Ashley, OctaneVTM, 317-920-6105, [email protected]
SOURCE Zeus Electric Chassis, Inc.
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