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A “green” industry company moves to Business Park
Vectrix expands, relocates NB operations
 NEW
BEDFORD — Vectrix Corporation, maker of the world's
first high performance, two-wheel zero emission vehicle
ZEV, will begin working out of its new location this
week in New Bedford Business Park.
Anticipating what managing director of marketing Jeff
Morrill describes as explosive growth in the "green
transportation" industry, Vectrix Corp. has moved into a
65,000-square-foot facility at 55 Samuel Barnet
Boulevard.
"We see the smart car as a growing category as we look
at the price of oil and global warming," said Mr.
Morrill. "Whether it's in solar panels in your home or
in transportation options, we see explosive growth."
Once home to the initial production line for Vectrix at
their Cove Street location, New Bedford is now the
primary facility for research and development as well as
dealer training, and warehousing and distribution for
the North American market. The company employs 30 people
in New Bedford, however there is room for many more.
The Vectrix ZEV is an innovative vehicle that relies
solely on electricity for power. With top speeds of 62
mph, the Vectrix ZEV has an average range of 40 to 60
miles per charge. The nickel metal hydride (NiMH)
battery pack has an estimated life of up to 10 years,
based on 5,000 miles per year of use.
"We went all the way," said Mr. Morrill. "No gas, no
oil, but no compromise. You don't give up performance.
It's a revolution in personal transportation."
Headquartered in Middletown, RI, Vectrix Corp. employs
166 people worldwide. Its target markets include France,
Spain, Italy and the U.K.
The Vectrix ZEV is currently available in the Newport
flagship store at a cost of $11,000.
"The average cost per mile is just under one penny,"
said Mr. Morrill. "Compare that with average gas prices
at almost $3 a gallon."
October 28, 2007 |
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