BrightDrop Reports Walmart as New EV Customer and Expands Collaboration with FedEx | Financial Buzz

BrightDrop Reports Walmart as New EV Customer and Expands Collaboration with FedEx

BrightDrop has announced the addition of Walmart Inc. (NYSE: WMT) to its customer base and expansion of its relationship with FedEx.  Walmart has signed an agreement to reserve 5,000 of BrightDrop’s EV600 and smaller EV410 electric delivery vans to support the company’s growth on its last mile delivery network and plan to operate a zero-emissions logistics fleet by 2040. 

Fedex has reported signature on an agreement with BrightDrop to reserve priority production for 2,000 electric delivery vans over the next few years.  This will add to FedEx’s initial reservation of 500 BrightDrop EV’s reported last year. 

“BrightDrop’s mission is to decarbonize the world’s deliveries. We leverage the best of two worlds – the innovation, agility, and focus of a technology startup with the engineering and manufacturing might of General Motors,” said Katz. “This combination, coupled with BrightDrop’s holistic solution set, gives us powerful advantages that uniquely position us to support the world’s largest delivery companies, like Walmart and FedEx, with their robust sustainability goals. Today’s commitments showcase our ability to power the electrification journey of some of the world’s biggest companies.”

“As important as it is that we save our customers time and money through convenient delivery options, it’s just as important that we focus on creating a more sustainable last mile delivery fleet that avoids emissions,” said Tom Ward, senior vice president of last mile, Walmart U.S. “BrightDrop’s proven ability to bring a sustainable electric van to market makes them a great partner to support our growing InHome delivery service, and we look forward to continue driving our goal of operating a 100 percent zero-emissions logistics fleet by 2040.”

“FedEx remains full speed ahead in taking the next steps to electrify our pickup and delivery vehicle fleet, which is a critical component in our ambitious goal to achieve carbon-neutral operations globally by 2040,” said Smith. “With the collaboration and innovative technology of companies like GM and BrightDrop, we will continue to meet the world’s increasing transportation needs in more environmentally sustainable ways for our customers, shareholders and communities.”

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