(Winnipeg) NFI Group announced on Monday that it has signed a five-year agreement to build up to 621 12-meter battery-electric buses for Toronto’s public transit company, the Toronto Transit Commission (TTC).
The contract includes a firm order for 186 Xcelsior Charge NG transit buses, along with an option for up to 435 additional buses.
Financial details of the deal were not immediately available.
Winnipeg-based NFI says it added 261 buses to its backlog in the first quarter of 2023 based on the TTC’s initial firm and optional base order.
The deal builds on a 2022 contract with the TTC for 134 Xcelsior 12-meter hybrid-electric transit buses, as well as 68 Xcelsior 18-meter hybrid-electric buses.
This four-year contract includes options for up to 263 additional 12-meter hybrid-electric buses and 100 18-meter buses.
Company in this story: (TSX: NFI)