Business
Phoenix Motor's EdisonFuture Subsidiary Enters Cooperative Agreement with JustGo to Launch Last-Mile Community Delivery Business
ANAHEIM, CA / ACCESS Newswire / September 10, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM) ("Phoenix Motor" or the "Company"), leader in zero-emission commercial transportation, today announced that its wholly owned EdisonFuture subsidiary has entered ...
About this update from Phoenix Motor Inc.
[{"type":"text","content":"ANAHEIM, CA / ACCESS Newswire / September 10, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM) ("Phoenix Motor" or the "Company"), leader in zero-emission commercial transportation, today announced that its wholly owned EdisonFuture subsidiary has entered into a cooperative agreement with JustGo to develop and operate a new last-mile community delivery business.","length":377,"tagName":"p"},{"type":"text","content":"The collaboration will initially deploy a fleet of 200 EdisonFuture MEV2/LSV electric vehicles in Orange County, California. The pilot will serve as a testbed for Electric Fleet-as-a-Service (EFaaS), gradually to the upgraded Robot Fleet-as-a-Service (RFaaS) model, designed to streamline community delivery logistics. EdisonFuture will provide the vehicles, maintenance, service, and project funding, while JustGo will serve as fleet agency operator, managing daily operations and logistics.","length":492,"tagName":"p"},{"type":"text","content":""This agreement represents a major step for EdisonFuture in building new business models around electrification," said Denton Peng, Chairman and CEO of Phoenix Motor Inc. "By combining EdisonFuture's advanced electric vehicles and funding capacity with JustGo's operational expertise, we aim to accelerate adoption of EFaaS & RFaaS, and drive recurring revenue growth for Phoenix shareholders."","length":426,"tagName":"p"},{"type":"text","content":"Looking ahead, the partnership envisions expanding beyond driver-based fleets to integrate robotic units and autonomous vehicles, positioning EdisonFuture and JustGo at the forefront of next-generation delivery solutions.","length":221,"tagName":"p"},{"type":"text","content":"MEV2/LSV Platform: Built for the Gig Economy","length":44,"tagName":"p"},{"type":"text","content":"The EdisonFuture MEV2/LSV is a California-assembled electric vehicle purpose-built for food delivery platforms such as Uber Eats, DoorDash and Instacart, as well as broader last-mile logistics. With a 15 kWh battery providing up to 120 miles of range per charge, low-speed vehicle compliance for urban and community zones, and fast-charging capability, the MEV2/LSV delivers a right-sized, cost-efficient solution for high-density delivery routes.","length":447,"tagName":"p"},{"type":"text","content":"Final assembly is performed ...