ev Transportation Services, Inc.

General Information

(Note: ev Transportation Services, Inc. withdrew its IPO plans in an SEC filing dated Aug. 9, 2023. The S-1 was filed on Sept. 16, 2022.)

We are an early-stage manufacturer of all-electric, lightweight commercial utility vehicles. (Incorporated in Delaware)

Our first vehicle is the “FireFly,” which is used in the essential services and on-demand “last mile” urban e-delivery markets. We have completed the design of the vehicle, have assembled a core team, and have begun to manufacture it in limited quantities. With the proceeds of this offering, we plan to significantly scale operations.

Our vehicles provide an application-flexible platform. Our vehicles are easily configurable for a wide variety of applications, including parking management, security and perimeter patrol, parks and sidewalk maintenance, utility meter reading, property and building management, university and corporate campuses, as well as last mile urban small package and food delivery. Our Connected Vehicle Solution, evTS Connect™ is a cloud-connected electronics and software package that can be used for vehicle performance monitoring and remote diagnostics, vehicle and fleet management, and vehicle tracking and routing. In addition, the FireFly use a lithium iron phosphate battery with enhanced safety features, not a lithium-ion battery. According to the U.S. Government (GAO and GSA) and Company research and interviews, the size of the replacement market for utility vehicles for public fleets (federal/state/municipal) is $2.4 billion. According to publicly available data on existing fleet size (by company) and publicly announced commitments for new vehicle purchases within the delivery industry, the size of the “Last Mile Delivery Market” (small to medium-size packages), which is growing quickly, is $4.4 billion for replacement and new sales to private delivery fleets.

We are currently focused on the essential services and “last mile” urban edelivery markets. According to a Bureau of Transportation Statistics study dated April 21, 2021, the market share of electric light duty vehicles has increased year by year since 2011. Accordingly, we believe that businesses using pickup trucks or gasoline-powered light passenger vehicles in dense urban environments for specific applications are increasingly purchasing all-electric vehicles, such as the FireFly, that are designed with functionality for these applications.

(Note: ev Transportation Services, Inc. filed its S-1 on Sept. 16, 2022; it filed confidential documents on Feb. 14, 2022.)

Industry: Electric Vehicles - Light-weight delivery EVs
Employees: 22
Founded: 2015
Contact Information
Address 1309 Beacon Street — Suite 300 Brookline, MA 02446
Phone Number (202) 347-3359
Web Address http://www.evts.com/
View Prospectus: ev Transportation Services, Inc.
Financial Information
Market Cap
Revenues $0 mil (last 12 months)
Net Income $-3.43 mil (last 12 months)
IPO Profile
Symbol EVTS
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $20.0 mil
Manager / Joint Managers Maxim Group LLC
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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