Pioneer Power receives $5M purchase order from major U.S. transit authority for EV bus charging

Fort Lee-based Pioneer Power Solutions recently received an order valued at over $5 million for its e-Boost mobile electric vehicle charging solutions from a major U.S. metro transit authority.

This development is expected to contribute to the revenue for the Pioneer eMobility business unit, potentially exceeding the 2024 forecast of $10 million for mobile off-grid EV charging solutions.

The units are slated for delivery and commissioning in the fourth quarter.

Serving one of the largest metro cities in the U.S., the undisclosed transit authority is led by city leadership that is on a mission to decarbonize and sustainably electrify its fleet of transit buses by 2028.

Pioneer eMobility was selected and awarded the contract based on several critical criteria including sustainability, product mobility, experience, power delivery capacity, product lead time, design optimization and consultative solution.

The contract includes the purchase, installation and maintenance of four e-Boost Mobile units in two transit depot locations to enable EV charging of the transit authority’s first 24 EV buses.

“By providing advanced high-capacity mobile EV charging solutions that balance sustainability, economy and practicality, we are supporting environmentally progressive cities as they adopt and acquire EV transit buses and help to secure the health and safety of the local citizens and bus operators,” Geo Murickan, president of Pioneer eMobility, said.

“The notable size of this order, coupled with our visibility on additional sizable orders in the sales pipeline, clearly demonstrates the traction Pioneer is achieving for our e-Boost product line,” Nathan Mazurek, chairman and CEO of Pioneer, said. “Transit bus and transportation electrification has been one of the top priorities and challenges in the last few years, and this project further validates how robust and expansive the e-Boost solution is nationwide. This will be the second transit depot to be powered up by e-Boost in 2024 and underscores the broader future for e-Boost within the transit industry in the U.S.”

The timeline for this project, from approval to funding to execution, is extremely short and one of the main reasons e-Boost was selected.