Oshkosh, a maker of specialty trucks and equipment, has announced an investment in Microvast, a provider of battery technologies for commercial and specialty EVs. 

Oshkosh will make a $25-million private investment in public equity, or PIPE, in Microvast, which announced a merger with Tuscan Holdings on February 1. Oshkosh and Microvast have also entered into a joint development agreement highlighting future battery collaboration and integration.

“Our strategic investment in Microvast is an excellent addition to Oshkosh’s electrification focus and established partnerships,” said Oshkosh CEO John C. Pfeifer.

Source: Oshkosh