Momentum Fleet Management orders 900 Lordstown Endurance electric pickup trucks

Lordstown Motors aims to transform its Northeast Ohio home into Voltage Valley, a center of modern EV manufacturing. Now the company has secured an order for 900 Endurance electric pickup trucks from Ohio-based fleet management specialist Momentum Groups.

Momentum specializes in corporate vehicles, from ordering to disposal, including purchase or lease financing options, fuel cards, maintenance programs, vehicle administrative services and driver compliance. The company’s letter of intent to purchase 900 vehicles ensures that Momentum will be among the first to receive delivery when full-scale production of the Endurance pickup begins in early 2021.

“This letter of intent demonstrates that our low total cost of ownership resonates with commercial fleet customers,” said Lordstown CEO Steve Burns. “The Endurance combines the functionality and performance expected from a pickup with the fewest moving parts of any EV.”

“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 Jack Pyros, Momentum’s President.  “Working together, we are able to offer purchase and lease options making this low-TCO vehicle even more affordable.”

Source: Lordstown Motors

  • morrisg

    That’s great, it shows that fleet customers really understand the benefits of going all electric. However, a letter of intent is worth the paper it is printed on. Was there a cash deposit? If so, how much? If not, please say so explicitly. Thank you.