News and Announcements
Australian Electric Infrastructure and Transport Company (AEIT) FY15 Company Update
- Published January 29, 2015 3:52PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Australian Electric Infrastructure and Transport Company Pty Ltd (AEIT) is a Brisbane based company established to commercialize OLEV (On-Line Electric Vehicles) Zero Emission Public Transportation Solution in Australia.
In 2014, AEIT established two subsidiary companies:
1. OLEV Power Systems – was granted its own 10 years – Electricity Distribution License in July.
2. OLEV Transport Company – was granted its Public Transport Operator License in December.
3. Works in Progress:
- In December 2014 electric chassis manufacturing design works were completed and designs approved by the board for manufacturing of OLEV Buses.
Please click on the ‘Receive Offer’ button below for more information or to register your interest.
ABOUT AEIT
Australian Electric Infrastructure and Transport Company Pty Ltd (AEIT) has been established to commercialize the OLEV (On-Line Electric Vehicles) Zero Emission Public Transportation Solution in Australia.
The OLEV technology delivers an environmentally sustainable transport solution with vastly lower energy consumption. It provides electric powered public transport in continuous operation on both dedicated and semi-fixed route transit systems. Its advantage is zero emissions compared to current Diesel and Gas buses and vastly lower energy consumption than traditional electric vehicles. (OLEV buses operational costs – $0.19km / Diesel $0.62km)
Electric power strips are road embedded to provide electro-magnetic power, wirelessly, to electric vehicles charging an onboard battery and powering the electric motor.
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