{"id":1802,"date":"2022-01-05T16:43:24","date_gmt":"2022-01-05T15:43:24","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/exclusive-pre-ipo-opportunity-for-esgfire-subscribers-in-carbon-capture-2\/"},"modified":"2022-01-25T09:41:41","modified_gmt":"2022-01-25T08:41:41","slug":"vicinity-motor-corp-receives-usd-19-0-million-order-for-optimal-electric-class-4-commercial-chassis","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motor-corp-receives-usd-19-0-million-order-for-optimal-electric-class-4-commercial-chassis\/","title":{"rendered":"Vicinity motor corp. receives USD $19.0 million order for optimal electric class 4 commercial chassis"},"content":{"rendered":"<p>Company: Vicinity Motor Corp(formerly Grande West Transportation )<br \/>\nListings :<a href=\"https:\/\/ca.finance.yahoo.com\/quote\/BUS.V\/\">TSXV<\/a>\u00a0,<a href=\"https:\/\/www.nasdaq.com\/market-activity\/stocks\/vev\">\u00a0NASDAQ<\/a><br \/>\nTicker: VMC.V &amp; VEV<br \/>\nMarket cap at time of publication: $151 MCAD<br \/>\nStock price at time of publication: $4.33CAD ( reverse split price 1,44 CAD)<br \/>\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for<br \/>\nboth public and commercial enterprise use in the U.S and Canada<br \/>\nComparable peer :\u00a0<a href=\"https:\/\/greenpowermotor.com\/\">Greenpower Motor\u00a0<\/a>, Market cap $236 MCAD<br \/>\nWebsite:\u00a0<a href=\"https:\/\/vicinitymotorcorp.com\/\">https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n<p><strong>ESGFIRE comment:<br \/>\nVicinity Motor Corp starts off 2022 in the best possible way by announcing an order of 19 million USD for their Optimal E1 Electric chassis. This order is the first sign of the progress from the relatively new cooperation with Optimal EV. The entire order is for electric vehicles and considering the praise that this client is giving VMC we are expecting many more orders for the same vehicle type this year. Vicinity Motor corp is projecting 140 million in sales for 2022 and with this order announced they are well on their way<\/strong>\u00a0!\u00a0<strong>The company is trading at just 1 X sales for 2022 and considering the\u00a0<a href=\"https:\/\/esgfireat40.com\/2021\/12\/13\/vicinity-motors-corp-gets-15-32-cad-price-targets-from-catalyst-equity-and-spartan-capital-indicating-366-782-long-term-upside\/\">target price that foresee an upside of 300-700 % Vicinity Motor should have a great year ahead!<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>VANCOUVER, BC \u2013 January 5, 2022 \u2013\u00a0<\/strong>Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (\u201cVicinity\u201d or the \u201cCompany\u201d), a North American supplier of commercial electric vehicles, today announced that it has received a significant order from Olathe Fleet Solutions (\u201cOlathe\u201d), a commercial truck dealership and fleet management company in Kansas, for over 150 VMC Optimal E1 Electric Chassis valued in excess of USD $19.0 million.<\/p>\n<p>Olathe, based in Olathe, Kansas is one of the nation\u2019s largest dealers in the commercial fleet industry \u2013 up-fitting and delivering of over 20,000 trucks nationwide yearly. The VMC Optimal E1 orders are scheduled for delivery throughout 2022 for operation in school, commercial, shuttle, ambulance, last-mile and other key market segments.<\/p>\n<p>\u201cOlathe is well-respected and highly rated in the commercial fleet market.\u00a0 This order is the culmination of effort and development which began many months ago with the Olathe team and key end-user involvement,\u201d said William Trainer, Founder and CEO of Vicinity \u201cAs an authorized Ford ship-thru up-fitter, Olathe will be able to offer best-in-class EV solutions for customers across the Class 4 commercial vehicle spectrum.\u201d<\/p>\n<p>\u201cWe are seeing strong interest for the VMC Optimal EV vehicles as fleets seek to electrify and mitigate exposure to energy and carbon costs. We believe the market conditions are ideal for incredible vehicles such as ours \u2013 providing extensive range, highway speeds and significant gradeability at maximum load. Our VMC Optimal E1 also utilizes high-performance battery systems from Proterra\u00ae, which have industry-leading energy density, a flexible design to fit within a wide variety of vehicles, and rigorous pack level validation designed for safe and durable vehicle operation. Taken as a whole, our vehicles are truly best-in-class,\u201d concluded Trainer.<\/p>\n<p>Marc McEver of Olathe added, \u201cAfter careful evaluation of market options, Olathe decided to partner with VMC Optimal to offer solutions that will deliver safe and reliable results for our fleets.\u00a0 Olathe has worked carefully over the decades to build confidence with our clients, it\u2019s critical that we partnered with the best solution provider.\u201d<\/p>\n<p>The chassis will be produced at the new VMC Optimal manufacturing plant in Elkhart, Indiana and offer up to 125 mile range with the battery pack completely protected inside the chassis rails.\u00a0 Units will begin delivering in the first quarter of 2022.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Legal Disclaimer<\/strong><\/p>\n<p><strong>We own shares of these companies personally.<\/strong><\/p>\n<p><strong>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 advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n<p>Companies may or may not be paying us for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V &amp; VEV Market cap at time of publication: $151 MCAD Stock price at time of publication: $4.33CAD ( reverse split price 1,44 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1746,"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-1802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews","category-vicinity-motor-corp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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