IndyGo Partners With Allison Transmission To Expand Electric Hybrid Fleet In Indianapolis
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Allison Transmission (ALSN) is partnering with the Indianapolis Public Transportation Corporation (IndyGo) to expand its fleet of electric hybrid buses. The project is funded by a $19 million grant from the Federal Transit Administration. The new buses, equipped with Allison's eGen Flex electric hybrid propulsion system, will replace older vehicles, reducing emissions and improving air quality and service reliability.
July 25, 2023 | 8:34 pm
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Allison Transmission's partnership with IndyGo to expand its electric hybrid bus fleet could boost the company's reputation and sales in the electric vehicle market.
The partnership with IndyGo, funded by a significant federal grant, could increase Allison Transmission's visibility and reputation in the electric vehicle market. This could potentially lead to increased sales of their eGen Flex electric hybrid propulsion system, positively impacting their stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100