Lordstown Motors Secures Order for 900 Trucks
LORDSTOWN, Ohio – Lordstown Motors Corp. has secured a letter of intent from Momentum Groups to purchase 900 Endurance pickup trucks.
Momentum, based in Westlake, specializes in corporate vehicles, including purchasing and lease options, maintenance programs, driver compliance and vehicle administrative services.
“We are thrilled to work with our neighbors at Lordstown Motors to offer this extremely efficient and powerful pickup truck to our customers, both small and large.” said Momentum’s president, Jack Pyros, in a statement. “Working together we are able to offer purchase and lease options making this low total cost of ownership vehicle even more affordable.”
Momentum will be among the first customers to take delivery of Lordstown Motors’ electric-powered Endurance pickup in early 2021.
“This letter of intent demonstrates that our low total cost of ownership resonates with commercial fleet customers,” said Steve Burns, Lordstown CEO. “The Endurance combines the functionality and performance expected from a pickup with the fewest moving parts of any EV.”
Lordstown Motors announced in April that it was delaying the beginning of production at the former General Motors Lordstown Complex due to the coronavirus. The first trucks are now expected to be delivered in the first quarter of 2021.
The startup automaker has previously secured purchase commitments from Florida-based Innervation for 1,000 Endurance trucks and FirstEnergy for 250.
Published by The Business Journal, Youngstown, Ohio.