Press Release: Depot Park Lease Signed
The California Mobility Center (CMC) and Sacramento Municipal Utility District (SMUD) signed a lease agreement on a 43,000 sq.ft. facility in Depot Park, Sacramento. The CMC will occupy 25,000 sq.ft. of the facility space and SMUD will retain 18,000 sq.ft.
The CMC will use the space as its statewide office headquarters. The facility will also serve as a commercialization center to develop global innovation in the future mobility sector, which CMC aims to launch in Q1 2021.
The new facility will be jointly run by the CMC and one of their strategic partners, PEM Motion. PEM Motion, located in Aachen, Germany, is well-respected in the future mobility industry worldwide, providing engineering expertise, consulting services and a successful track-record in setting up ramp-up factories. With its experience and global network, PEM is in perfect position to bring excellence to the CMC’s new facility.