SPI’s Phoenix Motorcars Named to Fast Company’s Annual List of World Changing Ideas for 2021

May 17, 2021 at 04:30 AM EDT

Phoenix Motorcars' industry first EZ ZEUS Autonomous Shuttle recognized as a finalist in the AI & Data category

ONTARIO, CA / ACCESSWIRE / May 17, 2021 / SPI Energy Ltd. (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, and investors, today announced its wholly owned Phoenix Motorcars subsidiary has been named to Fast Company's 2021 annual list of World Changing Ideas. Phoenix Motorcars, a leading manufacturer of electric shuttle buses and trucks, has been recognized as a finalist in the Artificial Intelligence and Data category for its EZ ZEUS autonomous shuttle bus.

Fast Company's 2021 World Changing Ideas Awards honors the businesses, policies, projects, and concepts that are actively engaged and deeply committed to pursuing innovation when it comes to solving health and climate crises, social injustice, or economic inequality.

Jointly developed by Phoenix Motorcars and EasyMile, the EZ Zeus will be the first of its kind all-electric self-driving cutaway shuttle bus deployed in real-life traffic conditions. Furthering its success in powering traditional medium-duty shuttles and trucks with its cutting-edge electric drivetrain technology, the Level-4 autonomous shuttle integrates EasyMile's driverless technology to its range of zero emission vehicles.

"We are thrilled to be honored as a World Changing Idea for 2021. This is a great recognition of our team member's continued efforts in innovating and delivering sustainable and socially impactful commercial transportation solutions," said Joe Mitchell, Phoenix Motorcars CEO. "Our electric shuttle buses are widely used by cities, para-transit services, last-mile connectivity operators and various campuses across the country. The autonomous shuttle being developed in partnership with EasyMile will further enable significant improvements in transit operations for various fleet operators, while also making cutting edge technologies accessible and available to the communities we live and work in."

A panel of eminent Fast Company editors and reporters selected winners and finalists from a pool of more than 4,000 entries. The 2021 awards feature entries from across the globe, from Brazil to Denmark to Vietnam.

"There is no question our society and planet are facing deeply troubling times. So, it's important to recognize organizations that are using their ingenuity, impact, design, scalability, and passion to solve these problems," says Stephanie Mehta, editor-in-chief of Fast Company. "Our journalists, under the leadership of senior editor Morgan Clendaniel, have discovered some of the most groundbreaking projects that have launched since the start of 2020."

About Phoenix Motorcars

Phoenix Motorcars is a leader in developing medium-duty electric vehicles for commercial markets with a primary focus on class 3 & 4 vehicles. Phoenix Motorcars strives to provide fleets with clean transportation and renewable energy through advanced technology solutions and remains committed to excellence in electric vehicle innovation. Phoenix Motorcars offers a range of vehicle configurations, including shuttle buses, utility trucks, service trucks, flatbed trucks, walk-in vans, cargo trucks and school buses. For more information, please visit www.phoenixmotorcars.com

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors. The Company provides a full spectrum of EPC services to third-party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The Company has its US headquarters in Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the Company's expertise and growing base of cash flow from solar projects and funding development of projects in agriculture and other markets with significant growth potential.

For more information on SPI Energy and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.SPIgroups.com or available at www.sec.gov.

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