STOCKHOLM, February 1, 2023 /PRNewswire/ — Loomis has entered into an agreement with Xos, Inc. XOS for the delivery of 150 armored electric vehicles (EVs) for the US market. By the end of 2022, Loomis in the US had 20 armored electric vehicles from the same supplier that successfully met high-performance requirements in terms of safety, range and weight.

With the ambition to become the leading sustainable business partner in the industry, the transformation of Loomis’ vehicle fleet is necessary. Loomis’ biggest climate impact comes from transportation, and the company is committed to reducing emissions from its fleet. This order for more electric vehicles in the US is an important step in reducing dependence on fossil fuels.

“We are committed to reducing the carbon emissions of our business and committed to leading change in the industry. By significantly increasing the number of electric vehicles in US operations, we are on a path to both reducing our own emissions and helping our customers meet their goals while maintaining our high safety standards,” said Aritz Larrea, President and CEO.”We are proud that our collaboration with Xos puts us at the forefront. We will continue to work with suppliers to find innovative solutions to reduce our carbon footprint while keeping our employees and customers safe.”

Loomis’ sustainability goals are integrated into the company’s business strategy and financing. Loomis has issued sustainability-linked bonds under a sustainability-linked financial framework since 2021, with the associated target of reducing absolute carbon emissions by 20 percent by the end of 2025 compared to 2019 levels.

“Working with the industry-leading Loomis team over the past four years has been a key culmination in our mission to help all fleets make the transition to battery electric,” he says Dakota SemlerCEO of Xos.

The vehicles ordered will be delivered successively over the course of the year and in…