The founders of a start-up that makes electric vehicles are abandoning their aspirations to list their business as a public company on the NASDAQ. In the Tulare County fields, Porterville-based ZeroNox started fiddling with farm utility vehicles to turn them into electric vehicles in 2017. The main selling feature was that their adaptations were less expensive than buying new cars to replace fleets. ZeroNox posted on its Facebook page, "We plan to remain private at this time and continue progressing on our vision to be the preeminent partner for off-highway vehicle electrification." "Our teams are eager to carry on working together with our clients, partners, and other important stakeholders in order to uphold ZeroNox's position as a pioneer in clean technology solutions!"
ZeroNox continues to pursue growth even after the deal was terminated. Christenson pointed out that the corporation is purchasing property and creating additional jobs as part of its plan to electrify fossil fuel fleets and generate renewable energy. Additionally, ZeroNox is growing into the electric vehicle racing industry. The business and the NIO 333 Formula E Team, a motorsport championship competition for electric cars, have confirmed their cooperation in Formula E. With a three-season contract in place, the company promised that "you will find our ZeroNox logo on racing cars, race overalls, team apparel, and more."