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Commercial electric van startups seeking investor capital, customer orders
- Thursday | 3rd June, 2021
LONDON (Reuters) – The future of a bevy of commercial electric van startups seeking investor capital through blank-check IPOs rests largely in the hands of a small group of big companies, above all UPS, FedEx, DHL and Amazon. Chanje has a 1,000 van order from FedEx in California, while Rivian has an order to build 100,000 vans for Amazon. But the company wants 14,000 electric vans in its European fleet by 2030 and is eager to get going. The Kentish Town depot is still home to some old former diesel trucks that UPS converted into electric vehicles. Ford sells the most commercial vehicles in the US and European markets and will launch an electric Transit van in 2023.
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