Vicinity Motor Corp

Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

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Electrovaya to provide Lithium-ion battery systems for Vicinity electric vehicles VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor," "Vicinity" or the "Company"), a leading North American supplier of commercial electric vehicles, today announced the formation of a strategic supply agreement with Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) ("Electrovaya") for the supply of battery systems for the Company's line of Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks. Electrovaya is a leader in the global energy transformation, focused on contributing to the prevention of climate change through its efforts to supply safe and long-lasting Lithium-ion batteries.

Vicinity Motor Corp. Announces Strategic Supply Agreement with Electrovaya for Lithium Battery Systems

Electrovaya to provide lithium ion battery systems for Vicinity electric buses and trucks TORONTO, ON / ACCESSWIRE / October 13, 2021 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced the signing of a strategic supply agreement with Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity"), a leading supplier of electric, compressed natural gas and clean diesel vehicles. The strategic supply agreement is for the supply of battery systems for Vicinity's line of Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks.

Electrovaya Announces Strategic Supply Agreement with Vicinity Motor Corp. for Lithium Battery Systems

Vicinity Motor Corp. told investors it expects to report fiscal 2022 revenue of more than $140 million as it benefits from new partnerships and deals with backlogs.  Adjusted underlying earnings (EBITDA) are likely to be over $10 million with significant potential upside, it added in a corporate update.

Vicinity Motor flags 2022 revenues of over $140M and says it expects to continue delivering record-breaking results

Company Expects FY 2022 Revenues of over $140 Million Driven by Strong North American Sales Momentum VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, today provided a corporate update and financial guidance for 2022. Through the year ending December 31, 2022, Vicinity Motor expects to complete deliveries of over 95 Vicinity™ Classic buses, 75 Vicinity Lightning™ EV buses and chassis, 200 VMC 1200 EV trucks, and 300 Vicinity Optimal EVs to drive year end revenues of over $140 million.

Vicinity Motor Corp. Provides Corporate Update and 2022 Financial Guidance

Vicinity Motor Corp (NASDAQ: VEV) has signed a licensing and marketing agreement partnering with Optimal Electric Vehicles, LLC to serve as the exclusive North American distributor of the all-electric product line. Under the agreement, Vicinity will license and sell the Optimal S1 and E1 product lines for 10 years in exchange for an investment of $20 million.

Vicinity Motor Signs Licensing Agreement With Optimal-EV

Vicinity Motor Corp. said it has signed a licensing and marketing agreement partnering with Optimal Electric Vehicles, LLC, to serve as the exclusive North American distributor of its all-electric product line through Vicinity's wide dealer network The Vancouver, British Columbia-based company said the agreement covers sales of Optimal's S1 and E1 product lines for 10 years in return for an investment of US$20 million.

Vicinity Motor enters EV cutaway market in strategic partnership with Optimal-EV

Vicinity Continues to Expand All-Electric Product Offering within its North American Dealer Network; To Host Conference Call at 4:30 p.m. Eastern time Today VANCOUVER, BC / ACCESSWIRE / October 6, 2021 / Vicinity Motor Corp. (TSXV:VMC)(NASDAQ:VEV)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced the Company has signed a licensing and marketing agreement partnering with Optimal Electric Vehicles, LLC ("Optimal-EV"), a market leader in the low-floor electric shuttle bus segment, to serve as the exclusive North American distributor of its all-electric product line through Vicinity's wide dealer network.

Vicinity Motor Corp. Enters EV Cutaway Market in Strategic Partnership with Optimal-EV

Vicinity Motor Corp., a leading supplier of electric, CNG, and clean diesel vehicles, announced that it has closed its non-brokered financing of unsecured debenture units in the principal amount of CA$10,300,000. The Vancouver, British Columbia-based company said it will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders.

Vicinity Motor closes C$10.3M non-brokered financing of unsecured debenture units

VANCOUVER, BC / ACCESSWIRE / October 5, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, and clean diesel vehicles, announces that, further to its news release dated September 27, 2021, it has closed its non-brokered financing of unsecured debenture units (each a "Unit") in the principal amount of CAD$10,300,000 (the "Offering"). The Company will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders.

Vicinity Motor Corp. Announces Closing of $10M Financing

VANCOUVER, BC / ACCESSWIRE / October 4, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LG) ("Vicinity Motor," "VMC" or the "Company"), a North American electric vehicle (EV) manufacturer focused on providing sustainable and cost-efficient EVs to the transportation industry, today announced that it has entered into a strategic collaboration agreement with the JB Poindexter business unit, EAVX, whose mission is to envision and develop next generation alternative fueled commercial work truck bodies. This collaboration will integrate EAVX bodies with the existing Vicinity bus and truck motor chassis.

Vicinity Motor Corp. Executes Strategic Collaboration Agreement with JB Poindexter & Co's Business Unit, EAVX, to Expand its Product Offerings

Vicinity Motor Corp. said it has entered into a strategic collaboration agreement with JB Poindexter & Co. business unit, EAVX to develop next-generation commercial trucks that use alternative fuels.  The collaboration will integrate EAVX bodies with the existing Vicinity bus and truck motor chassis.

Vicinity Motor to develop next-generation trucks with JB Poindexter's EAVX

Vicinity Motor Corp (NASDAQ: VEV) has partnered with Aereus Technologies to offer its CuVerro Shield technology, an antimicrobial treatment option for high-touch areas of Vicinity vehicles. CuVerro Shield is a patented non-chemical treatment that protects from the transmittal of bacteria through standard cleaning and upkeep.

Vicinity Motor Partners With Aereus To Offer CuVerro Shield Technology

Vicinity Motor Corp, a leading supplier of electric, CNG, gas and clean diesel vehicles, has announced that it has partnered with Aereus Technologies to offer its CuVerro Shield technology as an optional feature on all its Vicinity Classic and Lightning EV buses.  The Vancouver-based company said the technology is also available for retrofit application for all current operating fleets of Vicinity buses throughout North America.

Vicinity Motor expects competitive edge as it partners with Aereus Technologies to offer next-generation antimicrobial treatment for its buses

Patented, Antimicrobial Treatment Protects Vehicles from Harmful Bacteria Transmission, Improving Confidence in Rider Safety for Public Transit Operators VANCOUVER, BC / ACCESSWIRE / September 30, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced it has partnered with Aereus Technologies to offer its CuVerro Shield™ technology - a permanent antimicrobial treatment option for high-touch areas of Vicinity vehicles. CuVerro Shield™, a patented non-chemical treatment helps protect transit passengers and operators from the transmittal of harmful bacteria* for the entire service life of the vehicle through standard cleaning and upkeep.

Vicinity Motor Corp. Partners with Aereus Technologies to Offer Next-Generation Antimicrobial Treatment for Vehicles

VANCOUVER, BC / ACCESSWIRE / September 29, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LG) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced that management will present at the LD Micro Main Event investor conference taking place October 12-14, 2021 in-person at the Luxe Sunset Bel Air in Los Angeles, California. Management is scheduled to host a presentation during the conference as follows and will participate in one-on-one investor meetings throughout the day.

Vicinity Motor Corp. to Present at LD Micro Main Event on October 12, 2021

Vicinity Motor Corp (NASDAQ: VEV) has announced non-brokered financing of unsecured debenture units of C$10 million. The company intends to use the proceeds for general working capital and fund contract requirements for recently received Vicinity bus orders.

Vicinity Motor Raises C$10M Via Debentures

Vicinity Motor Corp has announced non-brokered financing of unsecured debenture units to raise C$10 million. The company said it will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders.

Vicinity Motor announces C$10M non-brokered financing of unsecured debenture units

VANCOUVER, BC / ACCESSWIRE / September 27, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LG) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, announces a non-brokered financing of unsecured debenture units (each a "Unit") in the principal amount of CAD$10,000,000 (the "Offering"). The Company will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders.

Vicinity Motor Corp. Announces $10 Million Financing

Vicinity Motor Corp., a leading supplier of electric, CNG, gas and clean diesel vehicles, revealed that it had received over $15.5 million in new purchase orders from three Québec, Canada transit operators for a total of 38 Vicinity Classic buses. "Our Canadian market leadership in the mid-sized heavy-duty segment continues to drive robust revenue and growth," said Vicinity Motor founder CEO William Trainer said in a statement.

Vicinity Motor wins over $15.5M in orders for 38 Vicinity Classic buses from Quebec transit operators

VANCOUVER, BC / ACCESSWIRE / September 23, 2021 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LG) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced the receipt of over $15.5 million in new purchase orders from three Québec, Canada transit operators for a total of 38 Vicinity™ Classic buses. Pursuant to the terms of the supply agreements, Robert Paquette Autobus et Fils Inc. ordered 18, Transcobec (1987) Inc. ordered 11, and Autobus Yves Seguin et Fils Inc. ordered 9 Vicinity™ Classic buses, which will all be in service with Canadian public transit agency EXO.

Vicinity Motor Corp. Receives Over $15 Million in Orders for 38 Vicinity(TM) Classic Buses from Leading Quebec Transit Operators

VANCOUVER, BC / ACCESSWIRE / August 30, 2021 / Vicinity Motor Corp. (TSXV:VMC)(NASDAQ:VEV)(FRA:6LG)("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel vehicles, will present at the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually September 13-15, 2021.

Vicinity Motor Corp. to Present at H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021

VANCOUVER, BC / ACCESSWIRE / August 27, 2021 / Vicinity Motor Corp. (TSXV:VMC)(NASDAQ:VEV)(FRA:6LG) ("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG and clean diesel vehicles, today announced that it has entered into an equity distribution agreement dated August 27, 2021 with B. Riley Securities, Inc. on behalf of itself and co-sales agent Spartan Capital Securities, LLC, whereby the Company may, at its discretion and from-time-to-time, sell up to US$50 million of common shares using "at-the-market" distributions.

Vicinity Motor Corp. Announces At-the-Market Equity Program

VANCOUVER, BC / ACCESSWIRE / August 25, 2021 / Vicinity Motor Corp. (TSXV:VMC)(NASDAQ:VEV)(FRA:6LG)("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG and clean diesel vehicles, will be hosting a virtual roadshow webinar on Wednesday, September 8th, 2021 at 11:30 a.m. ET. Chief Executive Officer William Trainer will present an overview of the business model and near-term growth initiatives.

Vicinity Motor Corp. to Host Virtual Roadshow Webinar on September 8th at 11:30 a.m. Eastern time

Vicinity Motor Corp. (VEV) CEO William Trainer on Q2 2021 Results - Earnings Call Transcript

Vicinity Motor Corp is reporting that its second-quarter revenue jumped by triple digits on higher bus sales.  For the quarter ended June 30, 2021, the company said revenue increased 119% year-over-year to $19.1 million.

News for Vicinity Motor Corp Stock (VEV)