Azure Dynamics Corp. will supply 600 gasoline-electric hybrid vans to Purolator Courier Ltd., a Canadian logistics and delivery company.
It is the largest hybrid vehicle order for the metro Detroit company, which specializes in modifying gasoline-powered vehicles to run partly or entirely on battery power.
Azure Dynamics will begin delivering 200 units in the third and fourth quarters of this year, with an additional 200 to come in 2012 and 2013, the Oak Park, Mich., company said today in a statement.
The order is expected to increase Azure Dynamics' revenue from $22 million in 2010 to $60 million in 2011, CEO Scott Harrison told The Wall Street Journal.
Azure Dynamics will supply Purolator with its Balance Hybrid Electric vehicles, which are integrated on a Ford E450 chassis with a Ford 4.5-liter gasoline engine. The battery packs are made by the Johnson Controls-Saft joint venture.
Azure Dynamics said the vans' engine automatically switches to electric power when idle or traveling below 20 mph, improving fuel economy and reducing carbon emissions.
Azure Dynamics also has orders for 150 electrified Transit Connect vehicles, which it started delivering this month.