AMP heavy-duty electric step van passes initial testing

31 August 2012

AMP Electric Vehicles, an electric drive motor vehicle manufacturer, and Navistar International, jointly announced the successful initial testing of an all-electric 1,000 cubic foot step van as the first results of their development agreement. The delivery of the van marks AMP’s first step in its development deal with Navistar for large commercial EVs built for the urban delivery market.

A typical 1,000 cubic foot delivery truck may make more than 200 stops per day and still travel under 100 miles. The electric vehicles built under this agreement are designed for 100 miles of range on a single charge and have a maximum gross vehicle weight of 19,500 lbs. The electrification architecture is based on the AMP platform, and has been engineered to be suitable for both re-powering of existing diesel vehicles in a fleet as well as new vehicles that may be ordered by fleets in the future.

AMP recently released two battery-electric demonstration models: the AMP MLe, based on the Mercedes ML 350, and the AMP GCE, based on the Jeep Grand Cherokee, both qualifying for the federal tax credit for EVs. In the commercial area, the company also concentrates on the electrification of fleet vehicles, including heavy-duty trucks and vans.

AMP Holding, Inc., the parent company of AMP Electric Vehicles Inc., also secured a commitment of $7,500,000 from Kodiak Capital Group, LLC, a Newport-Beach based private investment fund, subject to such commitment being registered with the Securities and Exchange Commission as well as other conditions.

AMP is a perfect match for our interest in the electric vehicle industry. We are especially interested in AMP’s EV heavy truck fleet vehicle development and production in the fleet vehicle industry. The potential for this patent-pending technology is very exciting, and we at Kodiak see the advantages of making this sizable commitment into AMP.

—Colin Manners, Director, Kodiak Capital Group, LLC.