Zevco Receives Order for 6 Fuel-Cell Powered Vans

June 10, 1999 by Jeff Shepard

Zevco (London) announced it had orders for six fuel cell powered vans, five going to England's official Post Office, the Royal Mail, and one to the Westminster City Council. The company also plans to be listed on Europe's Easdaq and New York's Nasdaq exchanges this year. A European investment bank has been named to advise it on its initial public offering. "We will be looking for between $100 and 200 million over the next 18 months," said Chief Executive Nicholas Absen.