September 15th 2010
UK government body, the Technical Strategy Board (TSB) award $6m to IE-LEV and Revolve.
The TSB low carbon initiative grant program awarded a $6m matched funding to partners IE and Revolve to build two lightweight, low emission hybrid delivery van demonstrators. The grant will be matched by a further $6m from the partners to design and build two fully functioning demonstrator during the 18 month program. The grant is specifically designed to enable the promotion and development of the best UK technology in an exploitable low carbon vehicle. The partnership will contract Ricardo, Lotus, ACG, Multimatic, EVO and Axeon as leading UK based technology consultants and suppliers to bring the best UK technology to the program.