$85,000 From Drive Oregon For EV Industry

Drive Oregon announced Jan. 10 three new awards totaling $85,000 through its Matching Grant program, designed to accelerate the growth of Oregon’s electric vehicle industry.

The company released the following information about those three grants:

  • The first grant, worth $40,000, will support a partnership between Portland-area startup KersTech Vehicle Systems and Oregon forklift manufacturer NACCO Materials Handling Group (makers of the Hyster, Yale, and Utilev brands) to create and test a prototype of KersTech’s TwinTorq compound electric-hydraulic motor in a forklift vehicle.
  • The second grant, worth $25,000, will help southern Oregon’s Brammo Inc. develop an innovative marketing strategy for a new product launch.
  • The third grant, worth $20,000, will help Portland’s Shorepower Technologies design, manufacture, and install 10 electrification stations for New York City ambulances.

“This was our most competitive grant round yet; our board reviewed seven proposals seeking $300,000,” said Drive Oregon Executive Director Jeff Allen. “These three approved grants, totaling $85,000, are expected to leverage over $750,000 in matching funds immediately, while accelerating long term job growth here in Oregon.”

The next round of Drive Oregon Matching Grant applications will be due February 28, 2014 with funding recommendations expected in April.

Drive Oregon has previously paid out just under $400,000 in matching grants, which have already leveraged nearly $4 million in additional investment,” added Mr. Allen. “We look forward to continuing this highly successful program.”