{"id":1782,"date":"2021-09-23T16:43:24","date_gmt":"2021-09-23T15:43:24","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/exclusive-pre-ipo-opportunity-for-esgfire-subscribers-in-carbon-capture-2-2\/"},"modified":"2022-01-25T09:49:50","modified_gmt":"2022-01-25T08:49:50","slug":"vicinity-motor-corp-receives-over-15-million-in-orders-for-38-vicinity-classic-buses","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-receives-over-15-million-in-orders-for-38-vicinity-classic-buses\/","title":{"rendered":"Vicinity motor corp. receives over $15 million in orders for 38 Vicinity classic buses"},"content":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation )
\nListings :TSXV<\/a>\u00a0,\u00a0NASDAQ<\/a>
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $171MCAD
\nStock price at time of publication: $5,53 CAD ( reverse split price 1,84 CAD)
\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for
\nboth public and commercial enterprise use in the U.S and Canada
\nComparable peer :\u00a0Greenpower Motor\u00a0<\/a>, Market cap $389 MCAD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

Vicinity Motor Corp a leading supplier of electric, CNG, gas and clean diesel vehicles, today (23\/9 2021) announced the receipt of over $15.5 million in new purchase orders from three Qu\u00e9bec, Canada transit operators for a total of 38 Vicinity\u2122 Classic buses.<\/p>\n

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\u2122 Classic buses, which will all be in service with Canadian public transit agency EXO. The Vicinity\u2122 will be serving the cities of Oka, St-Joseph-du-Lac, Pointe-Calumet, Sainte-Marthe-sur-le-Lac, Doux-Montagnes, Saint-Eustache, Boisbriand, Sainte-Th\u00e9r\u00e8se, Blainville, Rosem\u00e8re, Bois-de-Fillions, Saint-J\u00e9r\u00f4me, and Sainte-Anne-des-Plaines. These orders are for delivery in 2022 and join the current operating fleet of 79 Vicinity\u2122 buses in the Province of Quebec.<\/p>\n

\u201cOur Canadian market leadership in the mid-sized heavy duty segment continues to drive robust revenue and growth,\u201d said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. \u201cVicinity\u2019s strong position in Canada is a testament to our flagship status and large base of satisfied, long-term customers. We look forward to servicing countless travelers throughout Quebec with these exciting new bus orders.\u201d<\/p>\n

\u201cWe are leveraging the strong sales of VicinityTM<\/sup>\u00a0buses to position us for early leadership and growth for our electric vehicle offerings including the\u00a0Vicinity Lightning<\/a>TM<\/sup>\u00a0EV and VMC 1200 Class 3 Truck. Both of our EV product lines are showing accelerating momentum with firm orders of 29 Vicinity LightningTM<\/sup>\u00a0EV buses currently in production, with many more that we believe will be ordered in the near-term. We believe our wide lineup of both traditional and electrified vehicles will allow us to further expand our market share throughout North America, addressing all opportunities and helping to create sustainable value for our shareholders over the long-term,\u201d concluded Trainer.<\/p>\n

 <\/p>\n

ESG comment:<\/strong>
\nVicinity Motors continues to add impressive orders. The one announced in this press release likely won\u2019t be delivered until 2022 however we still feel sure that the company will meet our expectations for revenues totalling 55-60 MCAD for fiscal year 2021!<\/strong><\/p>\n

Legal Disclaimer<\/p>\n

We own shares of these companies personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n

Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $171MCAD Stock price at time of publication: $5,53 CAD ( reverse split price 1,84 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S […]<\/p>\n","protected":false},"author":1,"featured_media":1787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,128,9],"tags":[],"class_list":["post-1782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews","category-vicinity-motor-corp"],"yoast_head":"\nVicinity motor corp. receives over $15 million in orders for 38 Vicinity classic buses - 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