NFI subsidiary New Flyer receives significant order from Ottawa-Carleton’s OC Transpo for 124 Xcelsior Charge NG™ buses

Core Insights - NFI Group Inc. announced a significant order of 124 Xcelsior CHARGE NG™ 40-foot battery-electric transit buses from OC Transpo, enhancing the agency's fleet electrification efforts [2][3] - This order is part of New Flyer's backlog from the first quarter of 2025 and follows an initial order of 51 electric buses placed by OC Transpo in late 2023, bringing the total investment in New Flyer's electric bus platform to 175 vehicles [3] - The purchase is supported by local investment and federal funding from the Canada Infrastructure Bank and the Zero Emission Transit Fund [3] Company Overview - NFI Group is a leader in propulsion-agnostic bus and coach mobility solutions, with a focus on electrification and sustainable transit [2][5] - The company has delivered over 1,100 buses to OC Transpo over the past 35 years, indicating a strong partnership and commitment to public transit in Ottawa [3] - NFI operates with nearly 9,000 team members across ten countries and offers a wide range of sustainable drive systems, including zero-emission electric, natural gas, and clean diesel [6][7] Industry Context - The order from OC Transpo represents a significant step towards cleaner and more efficient public transportation in the National Capital Region, aligning with broader trends in urban mobility towards sustainability [4] - NFI's electric bus solutions are part of a growing demand for scalable smart mobility solutions in urban environments, contributing to the development of livable cities [5]