{"id":2587,"date":"2022-03-17T14:30:24","date_gmt":"2022-03-17T13:30:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/vicinity-motor-corp-announces-strategic-distribution-partnership-with-dattco-with-a-2-million-order-2\/"},"modified":"2023-08-09T14:40:19","modified_gmt":"2023-08-09T13:40:19","slug":"vicinity-motor-corp-announces-strategic-distribution-partnership-with-dattco-with-a-2-million-order-2","status":"publish","type":"post","link":"https:\/\/esgfire.com\/sv\/all-posts\/vicinity-motor-corp-announces-strategic-distribution-partnership-with-dattco-with-a-2-million-order-2\/","title":{"rendered":"Vicinity Motor Corp. Announces Strategic Distribution Partnership with DATTCO with a $2 million order"},"content":{"rendered":"

Company: Vicinity Motor Corp
\nListings :TSXV<\/a>\u00a0,\u00a0NASDAQ<\/a>
\nTicker: VMC.V & VEV
\nMarket cap at time of publication: $144 MCAD
\nStock price at time of publication: $4.08 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> Market cap 1.9 billion USD
\nWebsite:\u00a0https:\/\/vicinitymotorcorp.com\/<\/a><\/p>\n

ESGFIRE comment: Vicinity Motors today announce yet another supply agreement this time with DATTCO INC. this is a large company that has over 2000 employees and they have also placed an initial order of $ 2 Million CAD for Vicinity Buses, most likely for showroom capabilities. We continue to see a big upside in Vicinity Motors shares as the company despite all their progress is only valued at\u00a0 1X sales for 2022 and has\u00a0 target prices of 15-32 CAD by external analysts!\u00a0<\/strong><\/p>\n

VANCOUVER, BC \u2013 March 17, 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 entered into a strategic U.S. distribution agreement with DATTCO, Inc.<\/a> a U.S. full-service passenger transportation company, to distribute Vicinity vehicles within the Northeastern United States.<\/p>\n

 <\/p>\n

Headquartered in New Britain, Connecticut, DATTCO operates facilities throughout New England and employs over 2,000 people in Massachusetts, New Hampshire, Maine, Rhode Island and Vermont. The distributorship supports Vicinity\u2019s focus on U.S. distribution expansion for its growing portfolio of electric vehicles and conventionally powered buses. In addition to operating a fleet of over 1,200 buses, DATTCO provides sales, parts, warranty and service support for transportation providers in the region.<\/p>\n

 <\/p>\n

Under the new agreement, DATTCO will distribute Vicinity vehicles throughout New England. The Vicinity line fills in key transit, EV and shuttle opportunities within the DATTCO portfolio of vehicles, further enhancing its offering to current customers while expanding to new sectors. In conjunction with the agreement, DATTCO has placed an initial order valued at over $2 million for Vicinity Lightning\u2122 EV and Classic transit buses and Optimal-EV S1 paratransit electric low-floor shuttle busses.<\/p>\n

 <\/p>\n

“Our distribution partnership with DATTCO will add to our reach in the Northeastern United States with a well-established company that has served the area since 1924,\u201d said William Trainer, Founder and CEO of Vicinity Motor Corp. \u201cDATTCO\u2019s large customer base \u2013 with over 1,800 customers including corporations, schools, tour operators and local organizations \u2013 are increasingly looking for sustainable solutions for their transportation needs. We are excited to provide their first EV options for customers and believe they will be quickly impressed with our range of heavy-duty, light-duty and special purpose electric vehicles. We look forward to working closely with the DATTCO team going forward.”<\/p>\n

 <\/p>\n

“As one of the region\u2019s largest operators of buses, we are deeply committed to expanding our product portfolio to better serve our customers with a focus on dependability, quality service, comfort and safety,\u201d said Don DeVivo, President & CEO of DATTCO. \u201cOur customers\u2019 priorities continue to evolve, and we\u2019re convinced Vicinity\u2019s product line has the best range of options covering traditional vehicles, as well as a widely-respected position in the expanding EV market. Both the innovative Vicinity Lightning\u2122 EV and the VMC Optimal-EVs will be exciting new options that we believe will be an excellent choice for operators seeking electrified vehicles, designed from the ground up to be flexible, cost-effective and user friendly.\u201d<\/p>\n

\u00a0<\/strong><\/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.\u00a0For 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: $144 MCAD Stock price at time of publication: $4.08 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-2587","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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