Envo aims to increase revenue 30 times in the next seven years
Metro Vancouver e-mobility companies are consolidating with Burnaby's Envo Drive Systems buying Vancouver-based Veemo's assets out of bankruptcy.
The so-called "velomobiles" that it used in that venture were enclosed human-powered vehicles, which used pedal power and solar-panel-generated electricity to operate. The vehicles were regulated to travel at a top speed of 32 km per hour. It noted on its website at the time that it was not able to say "say with confidence" that it could deliver vehicles to people who paid deposits.
Envo's biggest selling products are urban commuter e-bikes that it sells through 120 dealership partners across Canada. Those bikes are designed in Burnaby, with parts manufactured in Asia and then assembled in Burnaby. He expects that growth to slow to about 25 per cent next year because the e-bike market was oversupplied with product during the pandemic. The number of companies making e-bikes has also ballooned, meaning that he has much more competition.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First sailings for new B.C. foot ferry cancelled on windy morning - Terrace StandardInaugaral Vancouver/Nanaimo run off, Hullo assessing its systems after Nanaimo power outage
Read more »
Russia to reportedly deliver S-400 air defence systems to India on scheduleIndia purchased the S-400 Triumf air defence system units in 2018 for $5.4-billion. Three of the systems have been delivered and two more are still awaited
Read more »
No rooms at the inns: Vancouver's hotel shortage could hurt local economyA chronic lack of hotel rooms is a headache for Vancouver tourism, but the effects of the shortage reverberate far beyond that sector.
Read more »
Vancouver weather: The heat is on for a few more daysHeat warnings for Metro Vancouver and the region continue Monday and will likely remain in place until midweek
Read more »
Heat wave warnings continue for parts of Vancouver IslandParts of Vancouver Island remain under heat warnings by Environment Canada due to daytime temperatures of up to 35 degrees.
Read more »
High winds, power failure disrupt first sailings of Hullo passenger ferryA strong wind warning remained in effect for the Strait of Georgia south of Nanaimo on Monday morning, with winds of 20 to 33 knots expected to occur in the marine area.
Read more »