BYD, Levo Mobility to Deploy Up to 5K Battery-Electric Vehicles in Next 5 Yrs

BYD and Levo Mobility LLC announced a collaboration to integrate Nuvve’s leading vehicle-to-grid technology with a mix of BYD battery electric vehicles and plans for joint deployment of up to 5,000 BEVs over the next five years.

October 06, 2021. By News Bureau

BYD and Levo Mobility LLC, a joint venture of Nuvve Holding Corp., affiliates of Stonepeak Partners LP, and Evolve Transition Infrastructure LP that provides Fleet-as-a-Service solutions enabling fleets to switch to electric vehicles  rapidly, announced a collaboration to integrate Nuvve’s leading vehicle-to-grid technology with a mix of BYD battery electric vehicles and plans for joint deployment of up to 5,000 BEVs over the next five years.
 

“The BYD-Levo collaboration has the potential to accelerate and transform the transportation sector at a critical time,” said BYD Motors President, Stella Li.

“This innovative potential partnership leverages state-of-the-art BYD and Nuvve technologies and will provide access to Stonepeak’s financing, which will lower the cost of medium- and heavy-duty battery electric vehicle adoption for fleets of all types including mass transit, municipalities, last mile delivery and school districts.”, he added.

Through a preferred financing partnership with BYD, Levo intends to purchase up to 5,000 medium and heavy duty V2G-enabled BEVs over five years that may include transit buses and coaches, yard tractors, drayage and refuse trucks, last mile delivery vehicles and school buses.

Levo's comprehensive offering streamlines electrification by providing fleet owners and operators with a turnkey solution that includes electric vehicles, associated charging infrastructure and energy management powered by Nuvve, maintenance, site planning, and more.

These services are provided to customers for a fixed monthly payment with no upfront cost.

“Our collaboration with BYD continues the momentum of transportation electrification that Nuvve is passionate about,” said Gregory Poilasne, Chairman and CEO of Nuvve and Chairman of Levo Mobility.

“By integrating our V2G platform with a variety of medium and heavy-duty electric fleets, we can introduce these vehicles to the grid in a much more intelligent and sustainable way, help integrate more renewable energy sources, and ultimately accelerate the reduction of harmful CO2 emissions.”, he added.

“With over $20B in revenue and more than 65k electric buses deployed worldwide, BYD is a giant in electric mobility – we are thrilled to announce Levo’s partnership with BYD as its preferred financing partner,” said Trent Kososki, Managing Director at Stonepeak. 

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