The company reports revenues of about $17.2 million, with expectant customers planning to take advantage of new federal funding opportunities through the Bipartisan Infrastructure Law.
The North Carolina company cites increased demand and a need to prepare for ramped-up electric school bus production.
Company officials say supply chain disruptions, which they've also given as a cause for recent price increases, motivated the reduction of the workforce in Fort Valley.
The strategic relationship covers the supply of the electric drive systems, including electric motors, inverters, and controllers.
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