(Bloomberg) — Motiv Power Systems Inc., a maker of control
systems for electric buses and trucks, received $8.1 million to
expand its manufacturing operations.
The grant from the California Energy Commission will aid
production at Motiv’s new factory in Hayward, the Foster City,
California-based company said in a statement Wednesday. The
facility at full capacity will make as many as 480 all-electric
powertrains annually.
Motiv has received a total of $12.3 million from the
agency, according to the statement. California is seeking to
have one-third of its energy produced from renewable sources by
2020 as part of a larger effort to reduce emissions that
exacerbate climate change.
“Our success is in large part due to the CEC’s continuing
support of cutting-edge research, and investments that help
develop zero-emission vehicles,” Motiv Chief Executive Officer
Jim Castelaz said in the statement.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Robin Saponar