Oxygen Expands Lithium-ion Battery Orders from Valence for Electric Cargoscooter

26 August 2008

Valence Technology, Inc. has expanded its relationship with Oxygen SpA, a company based in Padua, Italy, and a developer and distributor of light electric vehicles. (Earlier post.) As part of a recently signed $2 million purchase order, Valence will supply lithium phosphate battery systems over the next four months to power Oxygen’s all-electric Cargoscooter. Shipments to Oxygen have already begun.

In 2005, Oxygen contracted with Valence for battery packs for the Oxygen E model Cargoscooter, and has supplied systems for more than 500 so far.

Oxygen’s Cargoscooters are designed specifically for the delivery market and for inner-city use. The Cargoscooter can run up to 120 kilometers (74 miles) on a single charge and reach a top speed of 45 kph (28 mph) while carrying cargo of up to 90 kg (200 lbs).

We have been so pleased with the delivery and performance of Valence’s energy storage solutions over the last three years, we released this purchase order as a vital aspect for the continued success and growth of our Cargoscooter.

—Antonio Croppo, CEO of Oxygen

In November 2007, Oxygen signed an assembly agreement with Peugeot Motorcycles through which the automaker’s subsidiary will produce the Cargoscooter at its plant in Mandeure, France, with the capacity to produce up to 1,200 units per day.