Cargoscooter Gets Power Boost from Batteries Supplied By Valence Technology, Inc. (VLNC)
A scooter company this week placed a $2 million order with Valence Technology, Inc. (NASDAQ:VLNC) for lithium phosphate battery systems. Shipments have already begun to Oxygen SpA, based in Padua, Italy, for use in their all-electric road scooters. The vehicles are designed for delivery and for city use and can run up to 74 miles on a single charge. They reach a top speed of 27 mph while carrying 200 pounds. The supply will continue for the next four months. Oxygen SpA has placed orders with Valence before. "With over 500 Cargoscooters already on the road utilizing our energy storage…