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Argo and Brampton Launch $10.9M Smart Transit Pilot

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Argo and Brampton Launch $10.9M Smart Transit Pilot

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The latest update is out from Steer Technologies ( (TSE:ARGH) ).

Argo Corporation has partnered with the City of Brampton for a $10.9 million pilot project to introduce a fully electric Smart Routing™ transit system. This initiative aims to enhance mobility and accessibility in Brampton, offering on-demand rides and seamless integration with existing transit networks. The project is expected to support local job creation, improve air quality, and provide better access to essential services, particularly benefiting residents without easy access to fixed transit routes.

More about Steer Technologies

Argo Corporation, founded in June 2024, specializes in next-generation transit solutions, offering a fully vertically integrated transit system. This includes proprietary Argo X1 electric vehicles, Smart Routing™ technology, and comprehensive operational management. The company aims to transition municipalities from traditional fixed-route services to dynamically optimized transit systems, enhancing efficiency, coverage, and rider satisfaction.

YTD Price Performance: 252.22%

Average Trading Volume: 21,433

Technical Sentiment Signal: Hold

Current Market Cap: $44.09M

See more insights into ARGH stock on TipRanks’ Stock Analysis page.

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