Sweden-based hydraulics expertise firm Concentric has prolonged a deal price SEK 14 million ($1.3 million) yearly to supply EMP-branded electrical water pumps to a significant North American electrical college bus OEM.
The worldwide electrical bus market was estimated at $35.3 billion in 2021 and is anticipated to hit $439.7 billion by 2031, registering a compound annual progress price (CAGR) of 29.5% from 2022 to 2031, in response to Allied Market Analysis
“We consider that the partnership with this buyer solidifies our expertise on this quickly rising sector and ensures we proceed to contribute in the direction of a greener, extra sustainable future,” says Martin Kunz, President and CEO at Concentric.
Supply: Concentric