{"id":192,"date":"2021-04-27T16:49:11","date_gmt":"2021-04-27T15:49:11","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/?p=192"},"modified":"2022-01-25T09:55:44","modified_gmt":"2022-01-25T08:55:44","slug":"vicinity-motor-corp-partners-with-exro-to-deploy-enhanced-powertrain-into-next-generation-electric-buses","status":"publish","type":"post","link":"https:\/\/esgfire.com\/sv\/vicinity-motor-corp\/vicinity-motor-corp-partners-with-exro-to-deploy-enhanced-powertrain-into-next-generation-electric-buses\/","title":{"rendered":"Vicinity motor corp partners with exro to deploy enhanced powertrain into next-generation electric buses"},"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: $208 MCAD
\nStock price at time of publication: $7,11 CAD ( reverse split price 2,37 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

Vicinity Motors Corp today (27\/4 2021) announced a new cooperation with the innovative and leading clean tech company Exro Technologies.<\/a>
\nThis cooperation is yet another step by Vicinity Motor Corp to improving the next generation state of the art Vicinity electric bus.
\nThe supply agreement will according to the press release \u201cvalidate and deploy an optimized electric powertrain utilizing the Coil Driver\u2122\u00a0technology for Vicinity\u2019s suite of electric buses\u201d.<\/p>\n

The press release stated that \u201d Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC\u2019s suite of electric buses.\u00a0 The Coil Drive System solution will enable the next generation of electric buses with improved performance that accelerates the transition to a sustainable public transit system. VMC will test and validate the Coil Driver\u2122\u00a0powertrain integration with the intent of implementing it in future serial production batches of the electric bus product line.\u201d<\/p>\n

ESG comment: It\u2019s impressive to see Vicinity Motor Corp proving point after point that they are the THE leading electrical vehicles company when it comes to public transportation.\u00a0After recently having partnered with Kontrol Energy\u00a0<\/a>this is yet another step to improve the next generation of electric vehicles buses .<\/p>\n

Vicinity Motor Corp has so far this year announced very impressive progress:<\/p>\n

-Upcoming uplisting to NASDAQ
\n-Strategic U.S. Distribution Partnership with ABC Companies\u00a0<\/a>which also has\u00a0resulted in orders of 10 Ev buses<\/a>
\n\u2013New Mexico Statewide Contract<\/a>
\n-Washington state wide contract<\/a>
\n-Orders for 15 vicinity buses worth over 6 MUSD<\/a><\/p>\n

Management stated in the latest full year report on the 31st of march that they\u00a0<\/a>expect to deliver over 100 vicinity buses in the first half of 2021 compared to 55 buses for the entire year of 2020. \u00a0Vicinity Motors already has\u00a0orders confirmed for delivery in 2021 which now totals revenues of ~$60 MUSD.<\/strong>\u00a0Vicinity Motors is trading at around 3X sales for 2021, compared to their competitor Greenpower Motor trading at 34 X sales for 2021.<\/p>\n

Legal Disclaimer:<\/strong><\/p>\n

I 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 me for content posted on this blog.<\/p>\n<\/div><\/div>