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Xos, Inc. Secures Purchase Order for 10 Stepvans from Zeem Solutions, Delivers First Vehicle to Los Angeles Depot
LOS ANGELES, July 12, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading fleet services provider and manufacturer of Class 5 through Class 8
About this update from Xos, Inc.
[{"type":"text","content":"LOS ANGELES, July 12, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading fleet services provider and manufacturer of Class 5 through Class 8 battery-electric vehicles, today announced it has secured a purchase order for 10 of its 100% battery-electric stepvans from Zeem Solutions (“Zeem”), a fleet-as-a-service provider that builds and operates zero-emissions fleet depots, and has delivered the first vehicle to Zeem’s Los Angeles-based depot during the second quarter of 2022. Zeem will offer Xos vehicles for lease as part of its fleet-as-a-service offering. “Zeem has created a first-of-its-kind suite of products for fleets and we’re excited to partner with them on this journey,” said Esther M. Santos, Director of North America Sales at Xos. “Xos and Zeem share a similar vision of decarbonizing transportation and supporting the growth of a clean energy economy, so this partnership is a natural fit.” Inglewood, Calif.-based Zeem offers fleet-as-a-service amenities including vehicle leasing, vehicle charging, secured parking, vehicle maintenance and cleaning, and lounge space for drivers. Depots are also used for opportunity charging for high-mileage fleets as needed. Following its first depot location in Los Angeles, Zeem plans to deploy depots in strategic locations across the U.S. to accelerate widespread fleet electrification. “Zeem offers fleets the best available vehicles, charging, and service to help make the transition from internal combustion engine to battery-electric as easy as possible,” said Paul Gioupis, CEO of Zeem Solutions. “I have been following Xos since Dakota and Giordano founded the company, and I am impressed with how they are building their products and their business. These 10 stepvans are the first of many we plan to add to our fleet.” About Xos, Inc.Xos is a leading fleet services provider and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles and the tools to adopt them. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes of up to 270 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than th...