{"id":2518,"date":"2022-03-07T14:50:24","date_gmt":"2022-03-07T13:50:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/newlox-gold-q3-release-and-comments-2\/"},"modified":"2023-08-09T14:40:22","modified_gmt":"2023-08-09T13:40:22","slug":"vicinity-motor-corp-secures-order-for-five-vmc-optimal-e1-chassis","status":"publish","type":"post","link":"https:\/\/esgfire.com\/sv\/all-posts\/vicinity-motor-corp-secures-order-for-five-vmc-optimal-e1-chassis\/","title":{"rendered":"Vicinity Motor Corp. Secures Order for Five VMC Optimal E1 Chassis"},"content":{"rendered":"

Company: Vicinity Motor Corp
\nListings :TSXV<\/a>\u00a0,\u00a0NASDAQ<\/a>
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $153 MCAD
\nStock price at time of publication: $4.33 CAD
\nTarget price: 15-32 CAD by external analysts
\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 :\u00a0Lion Electric<\/a>\u00a0Market cap 2 billion USD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

ESGFIRE comment: Vicinity Motors is delivering orders with an impressive speed. The projection of 140-150 MCAD in sales for 2022 seem very realistic to ESGFIRE judging by how 2022 has started in terms of orders. We see a big upside in Vicinity Motors shares as the company despite the recent action is valued at about 1X sales for 2022\u00a0and with target prices of 15-32 CAD by external analysts! The company now has a sales backlog in excess of $100 million CAD!<\/strong><\/p>\n

 <\/p>\n

VANCOUVER, BC \u2013 March 7, 2022 – <\/strong>Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has received orders from two additional paratransit bus manufacturers, Diamond Coach and Coach & Equipment, for the VMC Optimal E1 Electric Chassis.<\/p>\n

Olathe Fleet Solutions (“Olathe”), a commercial truck dealership and fleet management company in Kansas, facilitated the orders for the five VMC Optimal E1 Electric Chassis.<\/p>\n

The chassis will expand VMC Optimal\u2019s reach in the paratransit bus market that serves elderly and disabled federal transit programs and other critical passenger transportation market segments.\u00a0 Diamond Coach is headquartered in Oswego, KS and since 1989 has built a reputation of offering rust-free, impact resistant, ADA accesible commercial buses. Since 1948 Coach and Equipment, based in Penn Yan, NY has provided specialized transportation solutions and provides paratransit buses to many major transit agencies in America. The dedicated electric vehicle chassis will begin to be delivered in the first quarter of 2022 and continue through the second quarter.<\/p>\n

\u201cThe partnership with Olathe, a leading distributor of VMC Optimal-EV\u2019s all-electric product line, continues to expand –\u00a0 adding two more world class bus body manufacturers to our growing list of Optimal EV body partners,\u201d said William Trainer, Founder and CEO of Vicinity Motor Corp. \u201cThe Optimal E1 design is superior from a safety, technology, and integration standpoint, which are all critical factors for body manufacturers to consider. The Optimal E1 features a between the frame rail battery installation configuration that provides maximum safety and protection of the Proterra Powered battery pack. The frame rails also protect high-voltage cables and battery cooling lines adding to reliability and resilience in the rigors of everyday bus operation.\u00a0 Additionally, the positioning of the drive motor behind the rear axle provides better weight distribution and traction while eliminating the complexity of competing designs.<\/p>\n

\u201cWe continue to see increasing interest from customers seeking zero-emission EVs for paratransit, commercial trucks and buses, ambulances, recreational vehicles and fleet trucks as the VMC Optimal EVs flexible design can suit a wide variety of potential vehicle applications. We look forward to additional order announcements in the months ahead as we continue to ramp sales of our all-electric vehicle line,\u201d concluded Trainer.<\/p>\n

About Vicinity Motor Corp.<\/strong><\/p>\n

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit\u00a0www.vicinitymotorcorp.com<\/a>.<\/p>\n

Legal Disclaimer<\/strong><\/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. 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

Companies may or may not be paying us for content posted on this website.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Company: Vicinity Motor Corp Listings :TSXV\u00a0,\u00a0NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $153 MCAD Stock price at time of publication: $4.33 CAD Target price: 15-32 CAD by external analysts Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada […]<\/p>\n","protected":false},"author":1,"featured_media":2462,"comment_status":"closed","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-2518","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. 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