CALSTART INC

MARKET ACCELERATION: ENABLING FLEET TRANSFORMATION-CALSTART DESIGNS, LEADS, AND IMPLEMENTS ZERO-EMISSION VEHICLE AND INFRASTRUCTURE INCENTIVE PROGRAMS FOR TRUCKS, BUSES, CARS, AND OFF-ROAD EQUIPMENT FOR FEDERAL, STATE, AND LOCAL GOVERNMENTS. THESE PROGRAMS SUPPORT PRIVATE AND PUBLIC FLEETS ACROSS THE U.S., HELPING REDUCE OPERATING COSTS AND EXPANDING DOMESTIC ZERO-EMISSION VEHICLE AND INFRASTRUCTURE MANUFACTURING. HIGHLIGHTS FROM FY2024 INCLUDE: - THE US DEPARTMENT OF ENERGY AWARDED CALSTART $4 MILLION TO LEAD THE CHARGE@WORK PROGRAM, A NATIONAL INITIATIVE TO SUPPORT EMPLOYER-BASED CHARGING. - THE COMMUNITIES IN CHARGE PROJECT, WITH AN $88 MILLION INVESTMENT FROM THE CALIFORNIA ENERGY COMMISSION (CES) AND THE ENERGIIZE PROJECT ($276 MILLION INVESTMENT THROUGH 2026) PROVIDES INCENTIVES VIA REIMBURSEMENT FOR EV AND H2 INFRASTRUCTURE TO SUPPORT MEDIUM/HEAVY-DUTY ZEVS. - IN PARTNERSHIP WITH THE MASSACHUSETTS CLEAN ENERGY CENTER (MASSCEC), CALSTART LAUNCHED THE RIDE CLEAN MASS PROGRAM, AN INITIATIVE AIMED AT HELPING THE VEHICLE-FOR-HIRE (VFH) INDUSTRY SWITCH TO ZERO-EMISSION VEHICLES. BY PROVIDING FINANCIAL INCENTIVES, THE RIDE CLEAN MASS PROGRAM HAS EARMARKED $5.35 MILLION TO SUPPORT DRIVERS THROUGH 2025. RIDE CLEAN MASS CHARGING HUB PROGRAM IS THE SECOND PHASE OF THE MASSCEC PARTNERSHIP WITH A $6.1 MILLION INVESTMENT TO CONSTRUCT 57 CHARGING HUBS ACROSS THE STATE THROUGH 2026. - CALIFORNIA'S AIR RESOURCES BOARD'S (CARB) CLEAN OFF-ROAD EQUIPMENT VOUCHER INCENTIVE PROJECT (CORE) HAS CUMULATIVELY RECEIVED $538 MILLION IN FUNDING, INCLUDING $15 MILLION ALLOCATED IN 2024 FOR ZERO-EMISSION EQUIPMENT FOR SMALL BUSINESSES AND PUBLIC AGENCIES. - CARB HAS CUMULATIVELY FUNDED $2.288 BILLION FOR THE HYBRID AND ZERO EMISSION TRUCK AND BUS VOUCHER INCENTIVE PROJECT (HVIP), INCLUDING $15 MILLION FOR THE INNOVATIVE SMALL E-FLEET (ISEF) SET-ASIDE WITHIN HVIP IN 2024.

TECHNOLOGY DEVELOPMENT AND DEMONSTRATION PROGRAM- CALSTART PROVIDES INDEPENDENT ANALYSIS AND GUIDANCE TO HELP GOVERNMENT AND INDUSTRY ACCELERATE THE DEPLOYMENT OF COMMERCIALLY VIABLE ADVANCED TECHNOLOGIES. CALSTART SERVES AS THE MEDIUM- AND HEAVY-DUTY VEHICLE ADVISOR TO THE CALIFORNIA AIR RESOURCES BOARD (CARB) AND ASSISTS IN DEVELOPMENT OF ITS ONGOING HEAVY DUTY INVESTMENT PLAN, OFFERING TECHNICAL EXPERTISE TO ALIGN VEHICLE AND INFRASTRUCTURE PLANNING WITH MARKET NEEDS.IN 2024, CALSTART HOSTED TWO LARGE-SCALE RIDE AND DRIVE EVENTS IN POMONA AND OAKLAND, CA, FEATURING 70+ ZERO-EMISSION VEHICLES AND EQUIPMENT FOR FLEET OPERATORS, DEMONSTRATING REAL-WORLD PRODUCT READINESS AND PERFORMANCE.CALSTART IS A SUBRECIPIENT ON THREE EPA CLEAN PORTS PROGRAM AWARDS ON THE EAST COAST: - WITH THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY ($451M TOTAL AWARD), CALSTART IS MANAGING $51M IN SUPPORT OF A CLEAN EQUIPMENT VOUCHER PROGRAM AND DEVELOPMENT OF NEAR-PORT CHARGING HUBS THROUGH A GREEN DRAYAGE ACCELERATOR. - IN MARYLAND, CALSTART IS SUPPORTING THE PORT AUTHORITY'S PLANNING GRANT AWARD ($147M TOTAL AWARD) THROUGH TRUCK OPERATOR ENGAGEMENT. CALSTART IS MANAGING $20M TO ADMINISTER A CLEAN EQUIPMENT AND INFRASTRUCTURE VOUCHER PROGRAM THROUGH A GREEN DRAYAGE ACCELERATOR. - CALSTART WAS AWARDED THE PRIME CONTRACT BY MASSCEC FOR THE RECENTLY LAUNCHED MHD MOBILE CHARGING PROGRAM, THROUGH WHICH FOUR FLEETS WILL PILOT MOBILE/TEMPORARY CHARGING SOLUTIONS TO ENABLE FLEET ELECTRIFICATION. - AS A PART OF A CONSULTANT TEAM, CALSTART COMPLETED THE MAINE CLEAN TRANSPORTATION ROADMAP FOR MEDIUM- AND HEAVY-DUTY VEHICLES FOR MAINE DOT, THE GOVERNOR'S ENERGY OFFICE, AND THE GOVERNOR'S OFFICE OF POLICY INNOVATION AND THE FUTURE. - CALSTART ALSO ADMINISTERS AND PROVIDES OUTREACH TO NYSERDA'S NEW YORK TRUCK VOUCHER INCENTIVE PROGRAM (NYTVIP). - MASS FLEET ADVISOR IS A TECHNICAL ASSISTANCE PROGRAM FOR PRIVATE MHDV FLEETS; CALSTART IS THE PRIME RECIPIENT OF MASSACHUSETTS CLEAN ENERGY CENTER'S (MASSCEC) PROGRAM. - IN 2024, CALSTART WAS AWARDED A FLEET ADVISORY PROGRAM IN NEW JERSEY BY THE NJ DEPARTMENT OF ENVIRONMENTAL PROTECTION.