The Buses you see in Australia, you know the Electric ones with ‘GoZero’ emblazed all over them. Aussie?
I think not! Globalist/China funded pushing the Smart City agenda – Mick Raven
Kirk Tsihlis
Kirk Tsihlis – Executive Director – TrueGreen Group LinkedIn
TrueGreen Group has investments in electric buses, electric taxis, green building construction companies.
TrueGreen to raise up to $100m for e-mobility unit
Impact investor TrueGreen Impact Group is readying to spin out its electric transport division,
commencing a $100 million pre-initial public offering funding round to support the growth of its majority-owned investments.
The fund, which prior to last year had been privately owned by the Tsihlis family,
invests in early stage enterprises and green projects across key sustainable sectors,
ranging from electric vehicles to property developments and Indigenous enterprises.
$1b revenue by FY25: electric vehicle distributor TrueGreen’s pitch
More than $250 million annual earnings and $1 billion revenue – all within the next four years.
Nexport distributes BYD vehicles in Australia and New Zealand. – Bloomberg
They’re the numbers at the nub of green transport offshoot TrueGreen Mobility’s pitch to potential investors,
as it conducts a whopper $110 million pre-IPO funding round via Goldman Sachs.
The company – which is to be spun out from impact investment firm TrueGreen Impact Group
– has been cap in hand in front of potential investors in the past few weeks,
and said it would be back with a planned IPO and ASX-listing in the coming year or so.
TrueGreen Mobility sources, manufactures and assembles electric and hydrogen-powered vehicles including buses,
trucks, delivery vans and cars, and labels itself as the company “leading Australia’s transition to zero emission transport”,
according to confidential capital raising documents in front of funds.
It said its green bus subsidiary, Nexport, was the largest electric bus supplier to the NSW government,
and was on track to deliver 200 electric buses to NSW by the end of the 2022 financial year.
TrueGreen talks up IPO again as refinancing looms
GoZero gets bank backing for bus electrification
www.aumanufacturing.com.au
9 February 2024
Transport electrification group GoZero has received $80 million in asset finance facilities from the Commonwealth Bank
which will fund the electrification of the bus fleets of Sydney independent schools.
The schools, including Queenwood, Knox Grammar and Scots College, through GoZero’s charter business the NSBC Group,
will have their diesel buses replaced by battery electric buses as part of the deal.
Founded in 2020, GoZero is a leading manufacturer and integrator of zero emission solutions and vehicles for business and government fleets,
with customers such as Transit Systems Australia, Transport for NSW, UGO Mobility, South Australian government,
Tasmanian government, Woolworths and Swissport.
BurnVoir
www.burnvoir.com.au/project/truegreen-mobility/
BurnVoir acted as financial adviser and arranger to TrueGreen Mobility to fund the growth of its electric vehicle
business in Australia and New Zealand by successfully securing a
A$110 million term loan facility from Tor Investment Management, a Hong Kong based private alternative asset manager.
Tor Investment Management
https://www.torinvestment.com/
The firm was founded in 2012 by Patrik Edsparr, former Global Head of JP Morgan’s Proprietary and Principal Investing Division,
and Chris Mikosh, former Head Trader of Goldman Sachs’ Asian Special Situations Group (ASSG),
to provide investors with access to the Asia-Pacific credit markets .
Hong Kong’s Tor set to take out TrueGreen’s $100m-plus round
It seems Aussie assets are the flavour of the day for Hong Kong’s Tor Investment Management.
The private alternative asset manager has made its second big local play in less than a month,
with it understood to be taking out TrueGreen’s $100 million-plus funding round for its electric vehicle division.
The impact investor announced in March that it was readying to spin out its e-mobility unit called
Nexport and positioned the mega raise as preceding an initial public offering. Goldman Sachs managed the raise.
Hong Kong-based Tor’s investment in the business comes on the back of it providing a
$135 million debt facility to toxic waste storage company Tellus Holdings,
and after it tried to derail Bain Capital’s acquisition of Virgin Australia last year.
And, just like at Tellus Holdings, Tor had to fight off some better known players to secure the transaction.
Sources said other opportunistic types sniffing around TrueGreen included Macquarie’s principal finance arm and Canada’s Brookfield.
TrueGreen’ spin-out Nexport distributes BYD vehicles in Australia and New Zealand. Bloomberg
– Yep Cheap Chinese Electric cars are coming…Thanks TrueRed whoops I mean True Green…ugh! – Mick Raven
Tanarra Capital
Tanarra Restructuring Partners have provided $30m of a total of $40m new debt funding
to electric vehicle manufacturer TrueGreen Mobility, alongside Tor Investment Management,
to support its acquisition of North Sydney Bus Charters and broader growth plans.
TrueGreen Mobility is a leading Australian developer and manufacturer of electric and hydrogen transport solutions,
with its subsidiary Nexport being Australia’s leading producer of electric buses for public and private sector customers.
Acquisition of North Sydney Bus Charters (“NSBC”), an existing customer with 7 Nexport electric buses already in use,
will allow TrueGreen Mobility to accelerate the transition of NSBC’s bus fleet from diesel to electric
– increasingly a priority of NSBC’s school and corporate customers.
Nexport was recognised in the Australian Financial Review’s 2023 Sustainability Leaders List
as category winner for logistics and transportation.
Nexport
EV bus builder Nexport embraces consultative sales ,
Manufacturer Nexport to double EV bus fleet
Nexport – The next generation of smart transport
GoZero Group
gozerogroup.com.au/our-businesses/
Making the transition to Zero, easy
A vendor agnostic integrated solutions partner, taking transport and logistics companies on the Zero Emission journey.
Our platform includes the following capabilities:
- Operational analysis & advisory
- Energy advice and implementation
- Asset procurement (both infrastructure and vehicles)
- Solution engineering
- Program management
- Transition planning & management
- Aftersales
- Applications to monitor and manage your fleet and infrastructure
- Finance
Trusted Australian brand in Zero Emission buses and commercial vehicles
Nexport is an Australian vehicle brand for buses, trucks and other commercial vehicles which are either fully or partially made in Australia.
Our manufacturing facilities are in Glendenning NSW and Keysborough VIC.
Nexport is the 2023 Australian Financial Review Sustainability Leader for logistics and transportation.
Manufacturer Nexport to double EV bus fleet
NSBC is Sydney’s largest private bus and coach charter company with a fleet of 225 buses and coaches
and contracts with many independent schools and corporations.
It aims to electrify its buses and 5 depots, to become Australia’s largest electric bus charter company.
Leading supplier of light commercial electric trucks and hydrogen buses in Australia
Importer and distributor of electric and hydrogen buses, trucks and commercial vehicles
with an Australian wide dealer sales and support network.
Foton, is a Chinese company that designs and manufactures trucks, buses and sport utility vehicles
Parent Company BAIC Group
Owner – Beijing Municipal Government
https://www.fotonmobility.com.au
Foton Mobility Distributor is an Australian owned distributor of new energy heavy vehicles.
Foton Mobility Mobility sources the best overseas technology to lead the zero emissions transport revolution in Australia.
– Australian owned? Overseas Technology? Bah True Red = Foton ugh – Mick Raven
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Neil Wang – Chief Executive Officer
Asiastar price and specs Chinese electric vans hit Australia
10 January 2024
There’s a new name in Australia’s growing electric commercial vehicle market, with a familiar name behind it.
Chinese brand Asiastar is entering the local market, distributed by Foton Mobility
which already distributes electric buses and trucks in Australia.
Foton looks to go big in 2024
21 Nov 2023
Foton Mobility is looking big in more ways that one in 2024 with more stock, bigger trucks and more body options
Believe it or not, Foton is a market leader. With the T5 electric truck, Foton Mobility,
the company marketing the Foton brand of electric trucks in this country, is the market leader in electric trucks.
Last week, we sat down with Foton Mobility’s GM of Light Duty Vehicles, Bill Gillespie,
and found out some interesting details of what is in store for us next year when Foton Mobility ramps up its electric truck offerings in Australia.
FOTON MOBILITY BRINGS ANOTHER CHINESE COMMERCIAL EV BRAND TO AUSTRALIAN ROADS
The company behind brining Foton electric trucks to Australia has announced
it will be adding another line of electric commercial vehicles to its portfolio with the Asiastar brand of all-electric vans,
cab chassis light trucks and buses set to be launched in Australia.
According to Foton Mobility, Asiastar was founded in 1949 and is a subsidiary of the Weichai Group,
which is ranked 18th in China’s top 100 multinational companies,
with a global workforce of 100,000 and an annual revenue of AU$65 billion.
Woolworths chooses EV trucks
gozerogroup.com.au/woolworths-chooses-ev-trucks/
June 10, 2023
EV trucks help grocer slash emissions by 60% from 2030 and net zero by 2050
WOOLWORTHS will run its entire operations across Australia and New Zealand on renewable electricity in 2025
and by 2030, hopes to have an all-electric home-delivery truck fleet of more than 1200 vehicles.
By 2030, Woolworths intends to have reduced its overall operational transport emissions by around 60 per cent compared to today,
and to have decomissioned more than 3000 internal-combustion engine vehicles from its company-wide fleet.
The latest step in this transition was the launch into service this week of 25 Foton T5 EV trucks in what the retailer said was “an initial order.”
Woolworths said the current fleet has more than 1200 trucks and all are planned to be replaced with EV models,
The Fotons will join two SAIC EV trucks and begin delivering groceries to Woolworths’ Sydney customers over the next two months.
The Foton and SAIC trucks have sufficient range to complete metro home deliveries. They each have a new,
state-of-the-art electric refrigeration system that runs off the vehicle’s battery, ensuring groceries stay cold.
An experienced bus body builder which is 100% Australian owned and has been operating since 2009.
Initially building diesel buses, it now focuses on zero emission buses.
It was the first Australian company to build zero emission buses in 2016 with 6 electric buses for Sydney Airport.
GoZero appointed Transport for NSW preferred bus supplier
AUSTRALASIAN BUS & COACH – ABC, Sean Mortell, MARCH 22, 2024
Under the GoZero Group, Nexport has been named as a preferred bus supplier under Panel 4 in NSW
Metro awards contracts for two Zero Emission Bus (ZEB) Trials
gozerogroup.com.au
July 3, 2023
Metro has appointed three firms to supply equipment for operational trials of two separate zero emission bus (ZEB) technologies in Tasmania.
The contracts were awarded following an extensive request for expression of interest and a request-for-tender process run late last year.
The successful suppliers are:
-
- Foton Mobility Distribution Pty Ltd: contracted for supply and maintenance of three hydrogen fuel cell
- electric buses (FCEB) in Hobart.
-
- H2H Energy Pty Ltd: contracted for supply and maintenance of one Hydrogen Refuelling Station
- to be installed at Metro’s Mornington satellite yard in Hobart.
-
- Custom Bus Group Pty Ltd: contracted for supply and maintenance of three battery electric buses (BEB)
- and associated battery chargers for Launceston.
In Hobart, three FCEBs will operate on a wide range of Metro routes for three years, expected to commence in mid-2024.
A FCEB is powered by an electric motor, using hydrogen gas as fuel. The hydrogen is converted to electricity on board through a fuel cell.
The FCEBs will be refuelled at a hydrogen refuelling station at Metro’s Mornington yard.
The BEBs will operate Metro services across the Launceston network for two years starting in the last quarter of 2023.
A BEB also has an electric motor with energy provided by on board batteries.
The batteries are charged by mains power via special chargers which will be installed in Metro’s Launceston depot.
These trials will provide Metro with critical operational experience and information to inform the longer-term transition of Metro’s fleet to zero emission buses.
SA Zero announces new Zero-Emissions Public Transport Bus Trials
gozerogroup.com.au/sa-zero-announces-new-zero-emissions-public-transport-bus-trials/
August 1, 2023
In collaboration with Foton Mobility, BOC and H2H Energy, operator Torrens Transit will then begin internal testing
of two Foton hydrogen fuel-cell from the Morphettville depot before being released for operation.
Adelaide Metro also continues to make significant steps towards a zero-emissions future across its bus fleet,
with testing of the state’s first full battery electric bus already well underway.
A further five full-battery electric buses are on order, pending the results of this trial.
Adelaide Metro is committed to transitioning to a zero-emissions public transport system to support
the State Government’s net zero emissions by 2050 target.
conspiracyoz 
More links to this Article – Mick Raven
Yutong Australia
History-Yutong Australia – Official Website
Chinese automakers launch into Australia with lower-cost EVs as local uptake is about to accelerate – ABC News
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