Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , US OTC SOON to be up listed at Nasdaq
Ticker: VMC.V (previously BUS ,) BUSXF at US OTC
Market cap at time of publication: $208 MCAD
Stock price at time of publication: $6,93 CAD ( reverse split price 2,31 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $500 MCAD
Website: https://www.grandewest.com/
Vicinity Motors today announced the receipt of a new purchase order from Québec Private Transit Operator Le Groupe Transbus for three (3) Vicinity™ Classic buses.
Per the terms of the supply agreement, Le Groupe Transbus has ordered three of the Company’s 30-foot Clean-Diesel Vicinity™ Classic buses. The Vicinity buses are in service with Canadian public transit agency EXO, serving the city of Varennes, a suburb of Montreal. Transbus currently owns and operates nine Vicinity™ Classic buses, with this order bringing the total to 12 in its fleet.
CEO William Trainer gave a comment to the latest order:
“Our Vicinity™ Classic buses continue to prove their market leadership and flagship status with Canadian transit authorities as we attract recurring orders from our large base of satisfied, long-term customers,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “We look forward to growing alongside our North American transit partners as they deploy an increasingly large fleet of our buses and eventually transition to an EV-oriented fleet. Vicinity’s recent contract award with Calgary Transit is the first significant competitive tender in Canada for mid-size electric buses. The Vicinity Lightning™ product is already showing to be an early leader in the EV transit market space and is ready for this transition.”
ESG comment:
Vicinity Motors continues to deliver orders and maximizing shareholder value. This time its for their Clean Diesel model. The company has been very active with press releases lately and we are looking forward with much anticipation for the long awaited NASDAQ uplisting of which there should be news of soon !
We own shares of this company personally.
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