Smith Electric Vehicles Preparing for IPO & Good Cashflow

September 19th, 2012 by James Ayre

Smith Electric Vehicles is finally going public. Its IPO is expected to contain 4.45 million shares, roughly between $16 and $18 a share. It is expecting the IPO to bring in around $76 million, most of which will be used to pay down debts.

The Kansas City, MO–based company primarily makes electric delivery vehicle supply trucks that it provides to clients such as FedEx, Coca-Cola, and DHL.

Source: Green Auto Blog
Image Credit: Smith Electric Vehicles

Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

Tags: electric delivery trucks, electric vehicle companies IPO, electric vehicles FedEx DHL Coca Cola, smith electric vehicles, smith electric vehicles IPO

About the Author

James Ayre 's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.