Avnet Innovation Lab-supported Venture Gets Major Coke Endorsement

Jun 8, 2017 8:50 AM ET
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A recently-released report from XL Hybrids, a start-up offering systems to convert new or existing fleets to hybrid vehicles, details how beverage giant Coca-Cola was able to reduce the fuel consumption of its delivery fleet in North America by 20 percent after converting 280 service vans with XL Hybrids’ XL3 Hybrid Electric Drive System.

XL Hybrids is among a growing list of success stories hailing from the Avnet Innovation Lab, a partnership between Avnet, Inc. and the Ira A. Fulton Schools of Engineering at Arizona State University (ASU). The Avnet Innovation Lab is a tech start-up “accelerator” providing participants with monetary awards to help bring their ideas to fruition. Participants are also provided strategic business and operations guidance from Avnet subject matter experts in technology distribution, supply chain management and next-generation technologies.

For more information on the Avnet Innovation Lab, click here. To read more about the XL Hybrids’ journey, click here.