Northern Lights Energy and Reva Electric Car Company Sign Agreement to Develop the Electric Vehicle Market in Iceland
|The REVA NXR. Click to enlarge.|
Northern Lights Energy (NLE), the initiator of the 2012 charging infrastructure project and provider of infrastructure and services for electric vehicles (EV) based in Iceland, has signed an agreement with Reva Electric Car Company to jointly develop the electric vehicle market in Iceland.
NLE will have exclusive distribution rights for the NXR, the new model premiered by Reva at the Frankfurt Motor Show in September, and consequent follow-up models, such as the sports coupé NXG, which will be launched in 2011. The sales and marketing of the car will commence in the second half of 2010 and customer deliveries at the end of 2010.
In September, Reva announced a joint venture with General Motors India to provide the electric powertrain and energy management systems for the new Chevrolet Spark and a new 30,000 unit Reva assembly plant is under construction in India. (Earlier post.) Iceland is also being considered by Reva as a possible site for a European assembly plant.
The REVA NXR is a four-seat, three-door hatchback family car suitable for urban driving. Top speed is 104 km/h (65 mph) with a range of 160 km (99 miles) per charge. If using the 90-minute fast charge (normal charging is eight hours), the REVA NXR offers an effective range of 320 km (199 miles) a day. A fast charge for 15 minutes will provide a 40 km (25 mile) range.
NLE is also working on developing a charging infrastructure system for electric vehicles and vehicle exchange service to support the adoption of electric vehicles in Iceland. In addition to importing new EV models to Iceland, NLE is also working on developing systems to convert the current internal combustion engine (ICE) car fleet into electric cars.
We are working with a number of parties in Denmark and Finland to enable the conversion process of the current cars running in Iceland to support a swift development of the electric vehicle market. The mission is to place Iceland in the forefront of countries that uses sustainable energy sources for its personal vehicle fleet, moving away from fossil fuels, saving billions of ISKs for the society and reducing the 680,000 tons of carbon dioxide that is annually being emitted by the personal vehicle fleet in Iceland. This is what the Project 2012 is all about.—Sighvatur Lárusson, the Chief Operating Officer of NLE
Northern Lights Energy is an Icelandic investment company, targeting environmental friendly projects, leading in the field of environmental and renewable energy solutions. Project 2012 is an initiative of Northern Lights Energy which has committed to build in Iceland, the first nationwide charging infrastructure in the world, before the yearend 2012. Importing and distributing EVs in Iceland is a key factor in reaching the goal.
REVA is the brand of the Reva Electric Car Company, a Bangalore, India-based company formed as a joint venture between Maini Group of India and AEV LLC of California and backed by US investors Global Environment Fund and Draper Fisher Jurvetson. Today, REVA is selling, or being test marketed, in 24 countries worldwide and has the largest deployed fleet of electric cars on the market with more than 3,000 EVs on the road and more than 85 million km (53 million miles) of on-road data.
REVA’s business model includes: electric vehicle design, development and manufacture, electric vehicle technology licensing and electric vehicle manufacturing franchising. REVA develops all key technologies including energy management, fast-charge and telematics systems in-house.
European distribution is in the following countries: Norway, UK, Spain, France, Germany, Austria, Belgium, Ireland, Hungary, Portugal, Cyprus and Greece with other distributors being appointed over the next few months.