Vicinity Motor Corp

Vicinity Motor Corp. engages in the provision of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use. It operates through the United States and Canada geographical segments. The company was founded by William Trainer in 2008 and is headquartered in Aldergrove, Canada.

Earnings data Q2 2021

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Vicinity Motor Corp. (TSX-V:VMC) has provided an update on the construction of its new manufacturing facility in Ferndale, Washington, saying it anticipates production will begin in the first quarter of 2023. The North American supplier of commercial electric vehicles said the property, which is located near the company's Aldergrove, British Columbia headquarters, was built to accommodate both buses and trucks, with a capacity of up to 1,000 buses per year or up to 10,000 trucks at the projected maximum production rate.

Vicinity Motor reveals positive construction update on its Washington State manufacturing facility

VANCOUVER, BC / ACCESSWIRE / October 18, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that management has been invited to present at the LD Micro Main Event XV in Los Angeles, California. Management is scheduled to participate in one-on-one investor meetings throughout the day and will give a formal presentation followed by a question & answer session as follows: LD Micro Main Event XV Date: Tuesday, October 25, 2022 Location: Los Angeles, CA Presentation Time: 9:00 a.m.

Vicinity Motor Corp. to Present at LD Micro Main Event XV

Shares of Vicinity Motor (NASDAQ: VEV ) stock are up by more than 10% after the electric vehicle (EV) maker received a $100 million+ purchase order from Pioneer Auto Group, its exclusive dealer in British Columbia, Canada. The order consists of 1,000 VMC 1200 Class 3 electric trucks.

5 Investors Betting Big on Vicinity Motor (VEV) Stock

Here's some small stocks making big moves on news on Monday, October 17, 2022 (as of 11:30 am EDT): Vicinity Motor Corp shares gained as much as 20% on Monday after the North American supplier of commercial electric vehicles announced the receipt of a purchase order (PO) for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group, Vicinity's exclusive dealer in British Columbia. The order, which exceeds US$100 million in revenue, will see Vicinity delivering a minimum of 1,000 units of the electric trucks by the end of 2023, with deliveries expected to begin this month.

Electric vehicles stock climbs on big purchase order: Proactive's daily Canadian small and microcap movers

Vicinity Motor (NASDAQ: VEV ) stock is taking off on Monday after the electric vehicle (EV) company announced a massive new order. Pioneer Auto Group is behind this order with a request for more than $100 million worth of the company's VMC 1200 Class 3 Electric Trucks.

Why Is Vicinity Motor (VEV) Stock Up 8% Today?

Vicinity Motor Corp. (TSX-V:VMC) has announced the receipt of a purchase order (PO) for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group, Vicinity's exclusive dealer in the province of British Columbia, Canada. The order, which exceeds $100 million in revenue, will see Vicinity delivering a minimum of 1,000 units of the electric trucks by the end of 2023, with deliveries expected to commence this month.

Vicinity Motor Corp wins order worth more than $100M for the supply of VMC 1200 electric trucks

Purchase Order Exceeds US$100 Million; 1,000 VMC 1200 EV Trucks to be Delivered by the end of 2023 with Deliveries to Commence This Month VANCOUVER, BC / ACCESSWIRE / October 17, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a purchase order for 1,000 VMC 1200 Class 3 Electric Trucks (the "PO") from Pioneer Auto Group - Vicinity's exclusive dealer in the province of British Columbia, Canada. Per the terms of the PO, which exceeds US$100 million in revenue, Vicinity is to deliver a minimum of 1,000 VMC Class 3 Electric Trucks by the end of 2023.

Vicinity Motor Corp. Secures US$100M+ Purchase Order for 1,000 VMC 1200 Electric Trucks

Vicinity Motor Corp said it has received an order from its strategic partner Sustainability Partners LLC (SP) for four Vicinity Lightning electric buses via its Pacific Islands distributor Soderholm Sales & Leasing Inc for use at Honolulu International Airport.   The company said the State of Hawaii Department of Transportation will utilize SP's Electric Vehicles as a Service (EVaaS) program to finance the conversion of traditional government fleets to Vicinity's electric vehicles.

Vicinity Motor to supply four Vicinity Lightning electric buses for use at Honolulu International Airport

VANCOUVER, BC / ACCESSWIRE / October 6, 2022 / 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 an order from strategic partner Sustainability Partners LLC ("SP"), an ESG focused Public Benefit Company committed to eliminating deferred maintenance infrastructure by enabling sustainability, for four (4) Vicinity Lightning™ electric buses via Soderholm Sales & Leasing, Inc. ("Soderholm"), Vicinity's Pacific Islands distributor. The Vicinity Lightning™ shuttle buses will be used at the Daniel K.

Vicinity Motor Corp. Secures Order for Four Vicinity Lightning Electric Buses for Use at Honolulu International Airport

Shares of Vicinity Motor (NASDAQ: VEV ) are surging higher after the company announced that it had commenced deliveries of its VMC 1200 Class 3 electric truck. In another boost to VEV stock, Vicinity also announced that advance orders were higher than expected.

Vicinity Motor (VEV) Stock Is Up 10%. It Just Delivered Electric Trucks.

Vicinity Motor Corp. (TSX-V:VMC) said it has begun deliveries of the first Class 3 electric truck to roll off the assembly line in Canada, with advance orders for the VMC 1200 far exceeding its expectations. Vicinity Motor CEO William Trainer said his company's VMC 1200 truck will help British Columbia and Canada become leaders in the EV sector, while supporting ambitious government targets for net-zero transportation, local job growth, and economic diversification.

Vicinity Motor set to deliver first Canadian commercial electric trucks; sets company up as leader in EV sector

Uniquely versatile VMC 1200 is designed to help the commercial transportation industry reduce costs, eliminate carbon emissions, and run more efficient fleets ALDERGROVE, BC / ACCESSWIRE / October 4, 2022 / With advance orders for the VMC 1200 far exceeding expectations, Vicinity Motor Corp. (TSXV:VMC) and (NASDAQ:VEV), a North American supplier of commercial electric vehicles, is proud to officially launch and begin deliveries of the first Class 3 electric truck to roll off the assembly line in Canada. "The VMC 1200 will help British Columbia and Canada become leaders in the EV sector, while supporting ambitious government targets for net-zero transportation, local job growth, and economic diversification," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "With the 1200 recently qualifying for Transport Canada's $550-million subsidy program for medium-duty zero-emission vehicles, it has only become more appealing to commercial transportation operators seeking to reduce costs, eliminate carbon emissions, and run more efficient fleets.

Vicinity Motor Corp. Starts Delivering Canada's First Class 3 Electric Truck

Vicinity Motor Corp. (TSX-V:VMC), a North American supplier of commercial electric vehicles, said it has signed a distribution agreement with the TOK Group to offer the VMC 1200 Class 3 electric trucks for sale. Under the new agreement, TOK will distribute Vicinity's VMC 1200 Class 3 electric trucks throughout the York Region of the Greater Toronto Area, adding to the Canadian transportation solutions provider's portfolio of expertise in electric vehicle sales.

Vicinity Motor announces distribution agreement with TOK Group for VMC 1200 Class 3 electric trucks

Leading Canadian Transportation Solutions Provider to Act as Dealer for VMC in York Region of the Greater Toronto Area VANCOUVER, BC / ACCESSWIRE / August 16, 2022 / 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 signed a distribution agreement with the TOK Group ("TOK"), a Canadian transportation solutions provider, to offer the Company's VMC 1200 Class 3 electric trucks, including an initial commitment for 10 vehicles. The TOK Group of Companies has been providing comprehensive, quality services to public and private organizations in the transit, urban mobility and charter tour industries for nearly 50 years.

Vicinity Motor Corp. Announces Distribution Agreement with TOK Group for VMC 1200 Class 3 Electric Truck

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Vicinity Motor Corp. (NASDAQ:VEV ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants William Trainer – Founder and Chief Executive Officer Dan Buckle – Chief Financial Officer Conference Call Participants Chris Souther – B. Riley Robin Cornwell – Catalyst Research Operator Greetings and welcome to the Vicinity Motor Corp.'s Second Quarter 2022 Corporate Update Conference Call.

Vicinity Motor Corp.'s (VEV) CEO William Trainer on Q2 2022 Results - Earnings Call Transcript

Vicinity Motor Corp. (TSX-V:VMC) saw an increase in sales of electric vehicles in second quarter 2022, with orders for US$90 million in buses and other medium to heavy zero emissions vehicles. William Trainer, CEO of Vicinity Motor Corp. (TSX-V:VMC) said the second quarter of 2022 was marked by additional sales and distribution wins for the company's portfolio of electric vehicles, which he said further validated the transition to electric vehicles.

Vicinity Motor ends its second quarter with US$90 million in order backlog

VANCOUVER, BC / ACCESSWIRE / August 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the second quarter ended June 30, 2022. Second Quarter 2022 and Subsequent Operational Highlights Secured order backlog exceeding $90 million, the majority of which are for electric vehicles.

Vicinity Motor Corp. Reports Second Quarter 2022 Financial Results

VANCOUVER, BC / ACCESSWIRE / August 2, 2022 / 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 will release financial results for the second quarter ended June 30, 2022, after market close on Monday, August 15, 2022. Management will host an investor conference call at 4:30 p.m.

Vicinity Motor Corp. to Report Second Quarter 2022 Financial Results on Monday, August 15 at 4:30 p.m. Eastern Time

Vicinity Motor Corp. (TSX-V:VMC) has announced that its VMC 1200 Class 3 electric trucks have been found eligible for Transport Canada's new incentive program for medium and heavy-duty zero-emission vehicles (iMHZEV) which makes buying or leasing zero-emission vehicles more affordable. The company said the C$550 million iMHZEV program offered point-of-sale incentives for Canadian organizations and businesses which buy or lease an approved MHZEV, ranging from C$10,000 to C$200,000 depending on the vehicle type.

Vicinity Motor announces eligibility in new Transport Canada incentive program for affordable buying or leasing zero-emission vehicles

$550 Million Program Offers Point-of-Sale Incentives for Canadian Organizations and Businesses Buying or Leasing Eligible Zero-Emission Vehicles VANCOUVER, BC / ACCESSWIRE / July 21, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that its VMC 1200 Class 3 electric trucks have been approved for the Incentives for Medium and Heavy-duty Zero-Emission Vehicles (iMHZEV) Program administered by Transport Canada, which helps to make buying or leasing zero-emission vehicles more affordable. The iMHZEV Program offers point-of-sale incentives for Canadian organizations and businesses who buy or lease an approved MHZEV.

Vicinity Motor Corp. Announces Eligibility in Transport Canada's New Incentive Program for Medium and Heavy-Duty Zero-Emission Vehicles

Vicinity Motor Corp. (TSX-V:VMC) announced that it has inked a new distribution agreement with Portland-based dealership and transportation solutions provider Schetky Bus and Van Sales to offer the Vicinity Lightning, Vicinity Classic, and VMC-Optimal vehicles. The company said the initial commitment was for 18 vehicles and under the terms of the agreement, Schetky would distribute Vicinity vehicles throughout Washington, Oregon, Idaho, and Alaska.

Vicinity Motor announces Northwest US distribution agreement with Portland-based dealership Schetky Bus and Van Sales

Nation's Longest-Established, Family-Owned Bus Dealership to Drive Vicinity's New Sales and Service Coverage in Washington, Oregon, Idaho and Alaska VANCOUVER, BC / ACCESSWIRE / July 19, 2022 / 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 signed a distribution agreement with Schetky Bus and Van Sales ("Schetky"), a dealership and transportation solutions provider, to offer the Vicinity LightningTM, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for 18 vehicles. Celebrating their 80-year anniversary in 2022, Schetky Bus and Van Sales is the nation's longest-established, family-owned bus dealer, serving its customers' transportation needs for over four generations.

Vicinity Motor Corp. Announces Northwest U.S. Distribution Agreement with Schetky Bus and Van Sales

Vicinity Motor Corp. (TSX-V:VMC) said it has received an order worth over C$3 million from transportation solutions provider TOK Group for six Vicinity Lightning electric buses.  The buses will be used to support a cleaner, greener, quieter shuttle bus service provided by Nieuport Aviation between Billy Bishop Toronto City Airport and Union Station in Toronto.

Vicinity Motor wins C$3M order for 6 electric shuttle buses for Billy Bishop Toronto City Airport

TORONTO, ON and VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / 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 an order from the TOK Group, a transportation solutions provider, for six (6) Vicinity Lightning™ electric buses valued at over CAD$3.0 million. These shuttle buses will be used to support a cleaner, greener, quieter shuttle bus service, provided by Nieuport Aviation between Billy Bishop Toronto City Airport and Union Station in Toronto, Canada.

Vicinity Motor Corp. Secures CAD$3.0 Million Order for Six Vicinity Lightning Electric Buses for Use at Billy Bishop Toronto City Airport

Extension Provides Capital Structure Optionality, Supporting Near-Term Liquidity Goals VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX.V:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, announces that it has completed the extension of the maturity date of its 8% unsecured debenture in the principal amount of CAD$10,300,000 by a further year to October 4, 2023. In consideration for the extension, the Company has issued to the debt holders (on a pro rata basis), 1,000,000 share purchase warrants (the "New Warrants") exercisable until October 4, 2023 at an exercise price of $2.25 per common share.

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