The future of Smith Electric Vehicles is in doubt as it attempts to raise vital funds through a share offering on the US stock market.
The company behind a scheduling system for electric vehicles has secured an investment of £500,000 from the Finance for Business North East Technology Fund, managed by IP Group, to help achieve its expansion plans.
ESB Networks Ltd has just taken delivery of 10 electric vans and trucks, which is part of the single largest order of EVs ever placed in Ireland.
Van suppliers are reporting a shift in customer perception of electric vehicles as some become established on the market.
Smith Electric Vehicles US has announced it will finalise the purchase of its United Kingdom-based parent company Smith Electric Vehicles (UK).
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