Cargoscooter Gets Power Boost from Batteries Supplied By Valence Technology, Inc. (VLNC)

A scooter company this week placed a $2 million order with Valence Technology, Inc. (NASDAQ:VLNC) for lithium phosphate battery systems. Shipments have already begun to Oxygen SpA, based in Padua, Italy, for use in their all-electric road scooters.