{"id":1921,"date":"2021-06-14T21:53:07","date_gmt":"2021-06-14T20:53:07","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/aenean-lobortis-sapien-enim-viverra-molestie-cursus-3\/"},"modified":"2022-01-25T09:54:37","modified_gmt":"2022-01-25T08:54:37","slug":"vicinity-motors-corp-wins-initial-order-from-calgary-transit-worth-6-million","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motors-corp-wins-initial-order-from-calgary-transit-worth-6-million\/","title":{"rendered":"Vicinity motors corp wins initial order from Calgary transit worth $6 million"},"content":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation )
\nListings :TSXV<\/a>\u00a0,\u00a0US OTC<\/a>\u00a0SOON to be up listed at Nasdaq<\/a>
\nTicker: VMC.V (previously\u00a0BUS<\/a>\u00a0,)\u00a0<\/strong>BUSXF<\/a>\u00a0at US OTC
\nMarket cap at time of publication: $194 MCAD
\nStock price at time of publication: $6,6 CAD ( reverse split price 2,2 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 $500 MCAD
\nWebsite:\u00a0https:\/\/www.grandewest.com\/<\/a><\/p>\n

Hard work has paid off for Vicinity Motors which today proudly announced an initial order of 14 Vicinity Lightning\u2122 EV buses worth $6 million from Calgary transit.<\/p>\n

CEO William Trainer provided a comment with the announcement:
\n\u201c<\/p>\n

\u201cCalgary Transit is one of Canada\u2019s leading transit authorities, with a strong commitment to reducing vehicle emissions and environmental impact,\u201d said William Trainer, Founder and CEO of Vicinity Motor Corp. \u201cThis first order marks the beginning of a valuable partnership with Calgary Transit as they diversify their fleet and mitigate exposure to energy and carbon costs.<\/p>\n

\u201cAs cities around the world seek to meet climate goals, the demand for sustainable, zero emission transit options like our breakthrough Vicinity Lightning\u2122 EV will continue to grow. We look forward to introducing our electric vehicles to the people of Calgary in the short-term and continuing to build value for our shareholders with the continued momentum in our next-generation Vicinity Lightning\u2122 EV line.\u201d<\/p>\n

ESG Comment: Calgary Transit has the potential to become avery big customer for Vicinity Motors since they have a fleet of over 1000 buses. The contract that was signed runs over 5 years with an option to buy additional vehicles. The order is expected to be delivered in 2022.
\nVicinity Motors most likely won this bid over other several actors since this was a public bid process. We see it as a very strong sign of the customer adaption and customer service orientated focus that Vicinity Motors has displayed to win this bid. Their Vicinity Lightning\u2122 EV buses seems to constitute the best value for money in the public transit market judging by this recent order.<\/strong>\u00a0This order is also most likely the first of many as a result of winning public bidding processes.<\/strong><\/p>\n

 <\/p>\n

We own shares of this company personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My 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":"

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