The Electric Vehicle (EV) transition isn’t on the way… It’s already here and now is the time to act.
The company’s entrance into the U.S. stock market is around the corner and this may be a pivotal time to have it on your radar!
Because Pegasus has a unique and innovative strategy to transform the school bus and specialty bus markets and take them ELECTRIC!
On June 23, 2023, Resonate Blends, Inc. (OTCQB: KOAN) announced signing an Agreement and Plan of Merger with Pegasus and made a $435,000 investment into the Ohio-based company.
This investment, prior to the expected closing of this transaction, has provided Pegasus with fresh capital to move forward on its ambitious revenue roadmap as seen below:
What was a niche option in the auto market just a few years ago is quickly becoming the car of choice among many buyers. Tesla, with a market cap of about $800B, is the largest EV manufacturer in the world and automakers are scrambling to catch up.
EV stocks have multiplied in the wake of Tesla’s massive success and as electric cars continue to become mainstream. But not all are created equal, and some EV companies are more ready for the electric future than others.
As the world transitions from gasoline and diesel to hybrid and electric vehicles, the passenger market was the easiest to conquer in a start to make the switch.
While every automaker is now or will soon be offering a plug-in electric vehicle (EV), it is only part of the problem when it comes to combatting climate change.
To be truly fossil fuel-free, the rest of the transportation industry needs to be tackled too.
The buses that take kids to and from school are gas-guzzling environmental hazards and turning them electric would do wonders to help the planet.
A Public Interest Research Group (PRIG) report estimates that transitioning nationwide to all-electric school bus fleets would avert 5.3 million tons of greenhouse gas emissions each year!
This is the equivalent of the annual tailpipe and upstream emissions from about 600,000 Ford Explorers to give you some perspective.
There are currently about a half-million school buses in the US and only around 13,000 of them are electric.
The company’s management team will bring a culture of creativity, flexibility, effectiveness, efficiency, and teamwork in producing competitively priced modern school and shuttle buses that address market needs that existing bus manufacturers have ignored!
Pegasus supports its customer base with the most trusted, flexible and technology-forward solutions meeting local demand requirements without the burden of legacy infrastructure, or the market risk of slow technology adoption.
Pegasus is uniquely positioned in the industry by offering a complete product lineup in traditional (ICE), EV, and Hydrogen FC providing unrivaled support and flexibility for its robust North American (+) dealer network.
Pegasus’ strategy supports the evolution of sustainable solutions for the market regardless of which technology ends up dominating future demand enhancing financial predictability and growth.
Chief Executive Officer
Wendy brings 25 years of success launching, relaunching and building organizations in diagnostic, surgical and capital sales, with a focus in Oncology and Women’s Health. She has achieved record revenue growth at a variety of organizations from early-stage start ups to Fortune 500 companies. Most recently, Wendy has served as CCO at Agendia, Animated Dynamics and Biodesix. Prior to Biodesix, Wendy served as VP of Sales with Integrated Oncology (LabCorp subsidiary) where she led the
successful integration of Genzyme Genetics following its acquisition for $925M. Before joining Integrated Oncology, she held several leadership roles with Cytyc Corporation prior to its $6.2B acquisition by Hologic.
Electric school bus advantages include lower maintenance costs with no oil or transmission fluid changes. They are also quieter and have better temperature control. It’s only a matter of time before school districts wake up to the future of transporting students.
Pegasus recently shipped their first five (5) buses with ten (10) more in various stages of completion. The Company currently has more than 100 chassis in their production lot waiting for various components and additional funding from Resonate to both close the Merger Agreement and complete the production of the 100+ buses.
Included in their chassis inventory are the first four Peterbilt chassis with a demo school bus model nearly completed. This represents Peterbilt’s first foray into the school bus market and is being met with significant market interest!
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