Vicinity Motor Corp Announces Partnership with Danfoss Editron to Power Next-Generation Medium Duty Vicinity Lightning™ EV Buses

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: $202 MCAD
Stock price at time of publication: $6,76 CAD ( reverse split price 2,25 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 Corp today (16/6 2021) announced it has partnered with Danfoss Editron, a business division of Danfoss, to utilize its drivetrain systems in the medium duty fully electric Vicinity Lightning™ EV Bus.

Danfoss Editron specializes in hybrid and electric drivetrain systems for the marine, off-highway and on-highway markets. A business division of Danfoss, it develops and manufactures high-performance power systems for heavy-duty vehicles, machines, and marine vessels based on its unique synchronous reluctance assisted permanent magnet and inverter propulsion system technology.

The systems feature a Buy America Compliant 220kW motor with an Eaton multi-speed transmission. They are also fitted with a digital AVIONICS controller and inverter to enable the intelligent management of all the vehicle’s operations. Weighing only 85kg, Danfoss Editron’s drivetrain systems are significantly lighter in weight than other electric drivetrains on the market, which can weigh as much as 500kg. Manufactured in Danfoss Editron’s Colorado plant, these Buy America Compliant motors are a key part of the Vicinity Lightning™ product that will be assembled in the new VMC Washington State manufacturing facility.

William Trainer, Founder and CEO of Vicinity Motor Corp said, “The EDITRON drivetrain and the expert team at Danfoss Editron are an ideal partner for us as we continue to expand the breadth of our EV product suite. We have issued a purchase order for 300 of the company’s drivetrain systems to guaranty supply for our customers through 2022. We look forward to continue working with the team at Danfoss Editron to build a globally competitive, cost effective vehicle for our customers.”

Cliff Stokes Jr., Senior Sales Manager at Danfoss Editron, added, “Our commercial bus drivetrain has over 10 million miles on the road and is in use by commercial vehicle OEMs in North America, South America, Europe, China and India. It has been specifically developed to deliver high levels of torque efficiently at a wide range of rotational speeds, helping to maximize vehicle efficiency. We’re thrilled to add Vicinity Motor Corp and its promising electric bus program as another key customer in North America.”

ESG comment:

Vicinity Motors once again show they are leading the EV industry when it comes to new technology. They’ve previously announced a partnership with EXRO for Enhanced Powertrain System into Next-Generation Electric Bus Fleets and now as mentioned above, they’ve announce a partnership with Danfoss. Danfoss Editron specializes in hybrid and electric powertrain systems for the marine, off-highway and on-highway markets. The Buy America compliant motor from Danfoss should fit well into Vicinity’s plans to becoming the leading EV supplier in North America.

We own shares of this company personally.

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.

Companies may or may not be paying us for content posted on this blog.

VICINITY MOTORS CORP WINS INITIAL ORDER FROM CALGARY TRANSIT WORTH $6 MILLION

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: $194 MCAD
Stock price at time of publication: $6,6 CAD ( reverse split price 2,2 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/

Hard work has paid off for Vicinity Motors which today proudly announced an initial order of 14 Vicinity Lightning™ EV buses worth $6 million from Calgary transit.

CEO William Trainer provided a comment with the announcement:

“Calgary Transit is one of Canada’s leading transit authorities, with a strong commitment to reducing vehicle emissions and environmental impact,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “This first order marks the beginning of a valuable partnership with Calgary Transit as they diversify their fleet and mitigate exposure to energy and carbon costs.

“As cities around the world seek to meet climate goals, the demand for sustainable, zero emission transit options like our breakthrough Vicinity Lightning™ EV will continue to grow. We look forward to introducing our electric vehicles to the people of Calgary in the short-term and continuing to build value for our shareholders with the continued momentum in our next-generation Vicinity Lightning™ EV line.”


ESG Comment: Calgary Transit has the potential to become avery big customer for Vicinity Motors since they have a fleet of over 1000 buses. The contract that was signed runs over 5 years with an option to buy additional vehicles. The order is expected to be delivered in 2022.
Vicinity Motors most likely won this bid over other several actors since this was a public bid process. We see it as a very strong sign of the customer adaption and customer service orientated focus that Vicinity Motors has displayed to win this bid. Their Vicinity Lightning™ EV buses seems to constitute the best value for money in the public transit market judging by this recent order.
This order is also most likely the first of many as a result of winning public bidding processes.

We own shares of this company personally.

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.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp Announces Entry into Medium-Duty Electric Truck Market

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: $191 MCAD
Stock price at time of publication: $6,5 CAD ( reverse split price 2,16 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 , the top pick for ESGFIRE in the electric vehicles sector, today announced the news that they are launch a medium-duty electric bus which targets the urban delivery market. The EV truck is expected to appeal to customers in urban delivery applications with daily usage under 150 miles. Vehicles will be sold through a robust network of existing dealerships throughout North America. Full production and commercial deliveries of the VMC trucks is scheduled to begin in the fourth quarter of 2021.

William Trainer CEO of VMC commented :
“The premiere of the VMC electric truck is an incredible milestone for not only Vicinity, but for the industry as it transitions towards true zero-emissions,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “The VMC truck will be an environmentally friendly alternative for diesel vehicles more commonly used in this segment. We designed our electric truck to be a cost-effective, user-friendly vehicle with the ability to charge using standardized solutions, requiring no major infrastructure upgrades on the part of our customers. We’ve leveraged our world class technology to engineer this one-of-a-kind vehicle with our customer in mind – and the result is another industry first.

ESG comment: Vicinity motors expects to sell over 5000 units of this new electric vehicles type in a market that annually sells over 400 000 trucks. The company also states that they have locked in production levels for orders of up to 200 units in 2021 alone.
The company undoubtedly looks to be moving towards a major market penetration breakthrough!

We own shares of this company personally.

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.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp to Present at LD Micro Invitational XI

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: $189 MCAD
Stock price at time of publication: $6,43 CAD ( reverse split price 2,14 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/

We want to inform our subscribers that our top pick in the electric vehicles sector, Vicinity Motors corp, will be presenting at the LD
Micro Invitational XI investor conference which is taking place virtually between June 8-10, 2021.

CEO of Vicinity Motors corp , William trainer, is schedualed to host a presentation at the following time:

2021 LD Micro Invitational XI
Date: Thursday, June 10, 2021
Time: 1:30 p.m. EDT – Track 2
Webcast: http://www.ldmicrojune2021.mysequire.com

We hope you will be listening to hear the latest from the company !

We own shares of this company personally.

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.

Companies may or may not be paying us for content posted on this blog.

EXCLUSIVE INTERVIEW WITH CEO OF VICINITY MOTORS

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: $154 MCAD
Stock price at time of publication: $5.23 CAD ( reverse split price 1,75 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 $378 MCAD
Website: https://www.grandewest.com/

Vicinity Motors, the top pick for ESGFIRE in the public transportation for Electric vehicles. They are on a successful path to entering the large market in the United States. The company is currently trading at 3X projected sales for 2021 compared to 25X sales for competitor Greenpower Motor. Vicinity Motors already has an impressive market share of their domestic Canadian market and now aims to take advantage of the huge growth for demand in electric vehicles for the public transportation market. We have previously covered this stock in multiple posts. We decided to have an interview with the CEO William Trainer ( 3/5 2021)  to hear how he think the company is progressing on their goals:

ESG: Welcome to this interview with ESGFIRE William!

William:
Thank you!

ESG: Can you tell us what the status is for Vicinity Motors with the upcoming Nasdaq uplisting?

William:
We are pushing hard to ensure we are listed as soon as possible. We will announce updates as they are publicly available. This is a priority for management

ESG: What’s the Status on the new production facility in the United States?

William:
It’s going very well, we are working closely with the state of Washington. We have applied for grants and the local government has been very receptive and welcoming to us. We anticipate that the facility should be in production for Q1 2022.

ESG: What number of buses are you aiming on delivering for 2021?


William:
We aim to deliver 150 – 200 units in 2021. Lead times are between 8-12 months from order so any new orders we receive now will be delivered in 2022.

ESG comment: A delivery of 150-200 Units would equal about 52 million -70 million USD in revenues for 2021.

ESG: You have a potential revenue stream of 50-55 million dollars for 2021 which is 100 % more than what the company made in 2020.
Do you foresee that this growth is likely to remain at 100 % year to year and if yes for how long?

William:
Our new factory in Washington can easily produce 1000 buses a year at full capacity ( Equalling revenues of around 350 MUSD/year). We want to get to this full capacity quickly.Right now we are building our backlog to get the factory to full capacity, We have a lot of winds pushing us forward quickly in the United States with good momentum and a US factory helps a lot. We have qualified to sell to many new states already and we are in the process of new bids. We also aim to sell in Iowa, Missisipi, Georgia and getting sales people to gather the orders. We have been very successful in Canada and we are sure we will be successful in the United States too.

ESG:What do you think is the reason that  your new EV buses are gaining massive interest ?

William:
We can barely keep up with all the inquiries we get and the easy answer to that question is that we have always built exactly what the customers wants.  We are not trying to copy anyone instead we have designed our own purpose-built designed EV shuttle bus.

For example we saw a need for a mid-size buss for the industry  to be able to pick up people in residential areas so we listened carefully to our customers to deliver exactly the bus  they wanted such as a mid size low floor user friendly bus. Our buses get people off the road with their cars and make it more comfortable to commute. When it comes to our electric bus model we started with a clean diesel and compressed natural gas bus (CNG) . We saw there was a transitioning coming into electric vehicles so we wanted to be able to deliver the bus which was best in class at the best available price and that’s exactly what we have done. We are building 25 electric buses right now out of which 15 are already sold and the other 10 are going to be used as demonstration buses for our sales partners in Canada and the United states.

When we look at new models we look at what the automotive industry does. They look at producing 1 million vehicles of a new model and that’s the way we try to think.
We have a battery pack from our great supplier BMW which is integrated by our other partner Lion E-mobility. This battery pack allows is only 7 inches (18 cm) thick so we can put it in the low floor level which makes excellent low centre of gravity.

We also have onboard charging just like a Tesla car has so there is no need for expensive charging infrastructure for our customers.
Finally we have a costing of components which is highly efficient. We also put hydraulic breaks on our buses so the driver does not need commercial experience.

ESG: What is the pricing on your EV buses compared to competitors?

William:
Our buses charges up very easy on any standard grid and cost around 350 000 USD compared to 1 million USD for our competitors who have to put their batteries on the roof of their buses which also makes them very top heavy.

ESG:  What competitive advantage do you see that vicinity motors has over competitors such as NFI, Proterra etc?

William:  Our buses are more user friendly and a lot better priced. We are a smaller company than most of our competitors , we are therefore quicker to react to customer needs and we can react more quickly in line with customer demands. We have designed all our buses using our in-house engineering team and then working with industry leading teams like LION Smart and Hindujatech. We focus on customer service, as it’s important to take care of your customer so they are happy with your service. That way we often get  recurring orders from our existing customers.

ESG: How can your buses be so affordable in comparison to competitors?

William:

We are definitely the best price compared to competitors and this is because we have developed all our own software and internal communication. When we buy an electric component we embed it into the vehicle. If we were to buy our components off the shelf they would cost 650 000 to 700 000 USD. Since we design everything in house we are super competitive.
To give you an example we offer our standard clean diesel bus to LAX airport shuttle for 250 000 USD. Now we can offer them an electric solution for 350 000 USD which is a no brainer since the maintenance cost is lower for this vehicle , you’re not buying fuel and its also a lot more environmentally friendly. We see major growth in both shuttle bus and public transport coming.

ESG:What do you think of the new competitors in the electric vehicles sector for public transportation?

William:
There are a lot of startups in the electric vehicles space and I wish them all the best. However what you need to realize is that this is a competitive market and it is very tough to get your first order in the transit side. Buyers often look at how long you’ve been around for and how are you going to offer service. If you don’t have any track record of this it’s going to be difficult.

ESG:  Have you looked at any partnership for Vehicle-2-grid charging for your customers?

William:
Yes we have we are exploring a possible cooperation with a Vehicle-2-grid supplier .

ESG: Do you have any plans to compete in the school bus industry for EV buses?

William:
Not at this point in time, we are now focusing on shuttle and transit buses.
I must say though now we have developed all the software and such and we are always looking at where we can place a new vehicle. With that said I’m not ruling it out but its not on the map right now.

ESG: What does the cooperation with Exro mean for Vicinity Motors?

William:
We are very excited to be working with Exro and if you look at their cutting edge technology they improve the efficiency of the electric motor which shows they can save 30 % power and therefore increase the range of electric vehicles by 30 % !
We hope to have this solution in our vehicles by the end of this year (2021).

ESG: What are vicinity motors gross margin and EBITDA goals?


William:
We want to maintain a 20% gross margins on vehicles and we are confident we can achieve this. We have a scalable platform and as we scale up our margins will increase considerably.  We are breakeven on 100 buses so at  for example 300 buses our EBITDA will be very good. The sector EBITDA is around 3 % but we are aiming at a minimum of 10 %.

ESG: What is the growth strategy moving forward?

William:
Our growth strategy is twofold . First we need our factory in place and you need a strong marketing / retail presence. We have aligned ourselves with ABC Companies which is a BIG player and I’m not sure the market realize what a power house of corporation this is.
ABC companies is one of the top 3 contenders in the bus industry.
They started in motor coaches but are now taking on transit and shuttle lines. I think they will do a good job for Vicinity Motors and our core values goes well with theirs.

We are also looking at expansion on the west coast with the states of Washington, Oregon and are also working on California. ABC Companies are big on the west coast and can likely bring in tremendous sales.

ESG: When will you be giving guidance in the form of a back log?

William:
At some point we will start giving official guidance right now you can follow it with our news releases.

ESG: What do you think of the current share price?

William:
 I’m confident that once we get on the Nasdaq the evaluation will more fairly reflect our true value. We think we will likely see a better evaluation once we hit the Nasdaq Listing.

ESG: Thank you for participating William!

William:
My Pleasure!

We own shares of this company personally.

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.

Companies may or may not be paying us for content posted on this blog.







VICINITY MOTORS CORP RECEIVES NEW ORDER WORTH $1.6 MILLION

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: $210 MCAD
Stock price at time of publication: $7,18 CAD ( reverse split price 2,39 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 Corp announced yet another order today , this time the order consists of 4 Vicinity low emission diesel buses for County of Simcoe, Canada. The buses are expected to be delivered in the first half of 2022 and adds to the companys growing order backlog.


The company issued the following statement following the order:


“We are pleased to have secured this $1.6 +million agreement with the County of Simcoe, continuing our strong legacy as a leading bus supplier within the robust Canadian market,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Our core business and strong reputation provide a springboard as we help enable the transition to low-emission and zero-emission options at public transit agencies across North America. We look forward to continued traction in our home market in the quarters ahead, supporting us as we expand into the lucrative U.S. market alongside our tier-1 distribution partners.”

ESG comment:
Vicinity Motors Corp is our top pick in the EV vehicles sector. The company is growing at an ever increasing pace and have many exciting catalysts coming up including their NASDAQ uplisting and launch of their new US facility. In our previous blogpost about Vicinity Motors Corp on the 27th of april we summarized the milestones of 2021. Vicinity Motors is trading at around 3X sales for 2021, compared to their competitor Greenpower Motor trading at 34 X sales for 2021. We remain assured that VMCs evaluation sooner or later will catch up with the equivalent of its peers in the Electric Vehicles sector.

Legal Disclaimer:

I own shares of this company personally.

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.

Companies may or may not be paying me for content posted on this blog.

Vicinity Motor Corp Partners with Exro to Deploy Enhanced Powertrain into Next-Generation Electric Buses

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: $7,11 CAD ( reverse split price 2,37 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 Corp today (27/4 2021) announced a new cooperation with the innovative and leading clean tech company Exro Technologies.
This cooperation is yet another step by Vicinity Motor Corp to improving the next generation state of the art Vicinity electric bus.
The supply agreement will according to the press release “validate and deploy an optimized electric powertrain utilizing the Coil Driver™ technology for Vicinity’s suite of electric buses”.


The press release stated that ” Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC’s suite of electric buses.  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™ powertrain integration with the intent of implementing it in future serial production batches of the electric bus product line.”

ESG comment: It’s 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. After recently having partnered with Kontrol Energy this is yet another step to improve the next generation of electric vehicles buses .

Vicinity Motor Corp has so far this year announced very impressive progress:

-Upcoming uplisting to NASDAQ
-Strategic U.S. Distribution Partnership with ABC Companies which also has resulted in orders of 10 Ev buses
New Mexico Statewide Contract
-Washington state wide contract
-Orders for 15 vicinity buses worth over 6 MUSD

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

Legal Disclaimer:

I own shares of this company personally.

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.

Companies may or may not be paying me for content posted on this blog.

VICINITY MOTORS ANNOUNCES $6 MILLION CONTRACT FOR 15 VICINITY BUSES !

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: $225 MCAD
Stock price at time of publication: $7,67 CAD ( reverse split price 2,55 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/

The latest large order announced today (19/4) by Vicinity Motors is for 15 CNG buses from a leading Canadian provincial public transportation provider. The 30-foot Vicinity™ buses are powered by compressed natural gas (“CNG”). VMC says they expect delivery of the buses in the first half of 2022 which further strengthens the backlog of the company since revenues are recognized upon delivery of vehicles.

The company issued the following statement with the press release:

“We are pleased to have secured this substantial supply agreement with one of our long term transit customers. We continue to leverage our strong brand reputation throughout the Canadian market to sell CNG buses and position ourselves for wider adoption of clean tech vehicle offerings in the future,” said William Trainer, President and Chief Executive Officer of VMC. “We will continue to strive towards expanding market adoption of our clean-burning CNG and fully electric bus lines, driving forward the transition to a more sustainable public transportation system. I look forward to continued operational execution in the months ahead, helping to create long-term value for our shareholders.”

ESG Comment: We find it very promising that VMC already has another order worth 23 % of the entire revenues for 2020 booked for 2022. The company strangely enough continues to trade at a considerable discount to peers. The evaluation right now if the turnover for 2021 stays at $50MUSD with no further orders delivered as of today would be 3 X sales for 2021. In comparison their peer Greenpower motor has an evaluation right now of 33 X sales for 2021. Vicinity Motors Corp has also recently announced several impressive contracts and agreements which may increase sales in 2021 and beyond to a higher level than I’ve previously mentioned

Legal Disclaimer:

I own shares of this company personally.

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.

Vicinity Motors Buses Selected for Washington Statewide Contract!

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , US OTCSOON to be up listed at Nasdaq
Ticker: VMC.V (previously BUS ,BUSXF at US OTC
Market cap at time of publication: $258 MCAD
Stock price at time of publication: $8,8 CAD ( reverse split price 2,93 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 $572 MCAD
Website: https://www.grandewest.com/

Vicinity Motors today (6/4 2021) announced that their Vicinity buses have been selected in a statewide purchasing contract that gives Washington State transit agencies the right to purchase from the Company’s diverse bus portfolio.
What’s also good about this is that the company can produce vehicles for this order from their Buy American Act” compliant assembly facility in Washington state,. This facility which will be able to produce 1,000 electric, CNG, gas and clean-diesel units annually across all sizes and powertrains which equals well over 300 million USD in potential revenues if run at maximum capacity.

William Trainer , CEO of Vicinity Motors gave the following comment to this press release
“We are pleased to announce that Vicinity Motor Corp. has been chosen as an OEM supplier for Washington state’s growing fleet of buses – driving forward the transition to a more sustainable public transportation system,” said William Trainer, Chief Executive Officer of Vicinity Motor Corp. “This contract win marks yet another exciting milestone in our expansion into the significant U.S. market, where our purpose-built Vicinity™ line of products’ quality and consistency allows us to capture market share.” Our guidance to deliver over 100 buses in the first half of 2021 is a testament to the value proposition that Vicinity brings to private and public transportation operators. I look forward to continued execution in the months ahead, creating sustainable, long-term value for our shareholders,”

ESG comment: With this new Washington State contract it serves to further build on to the already impressive amounts of deals made lately by Vicinity Motors. The compant continues to trade at a considerable discount compared to its closest peer Greenpower motor. One big advantage for the company is that I estimate that their production time is between 9-12 months in comparison I estimate that Proterra and NFI have upwards of 18-24 months in their respective production time. The Company also announced that certain Eligible Directors have requested that their respective director’s remuneration for the calendar year 2021 be paid in Deferred Share Units . I find this to be a strong signal from insiders who beleive the company is on a very good growth path.

 I own shares in this company personally and this is not to be considered financial advice, always do your own research!

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VICINITY MOTORS RECEIVES INITIAL ORDER FOR 10 Vicinity LightninG EV buses + RAISED ESTIMATE FOR 2021

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , US OTCSOON to be up listed at Nasdaq
Ticker: VMC.V (previously BUS ,)  BUSXF at US OTC
Market cap at time of publication: $210 MCAD
Stock price at time of publication: $7,26 CAD ( before reverse split 2,48 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 $515 MCAD
Website: https://www.grandewest.com/

Vicinity Motors ( formerly known as Grande West Transportation Group) today (29/3 2021) announced that they’ve received an initial orders for 10 Vicinity Lightning™ EV buses from its strategic U.S. distribution partner ABC Companies (“ABC”), a leading provider of motorcoach, specialty and transit equipment in North America.

The company stated that” the order is the first from ABC, who recently entered an agreement with Vicinity Motors to distribute its full line of products which currently includes the Vicinity™ heavy duty mid-size bus, the Vicinity Lightning™ EV and Vicinity™ LT light duty models in the United States. The Vicinity line fills key transit and private shuttle roles within the ABC vehicle portfolio, enhancing its offerings to current customers while expanding sales further into the US transit market. “

CEO William Trainer provided a very bullish market comment in conjunction to the press release

” “We anticipate high demand for our clean, sustainable Vicinity Lightning™ EV, and these initial orders mark the beginning of a valuable partnership with the excellent team at ABC,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motors. “People are recognizing the need to move people more efficiently using proven zero emission technology with a smaller environmental footprint, and governments are responding to these demands. In fact, just last week the Government of Canada announced a $2.75 billion investment over the next 5 years that includes zero-emissions public transit and school buses. With our production ramp up, we now have 25 Vicinity Lightning™ EV buses in the production phase and are gearing up for significant growth. We look forward to expanding our reach and sales in the U.S. through our partnership with ABC, driving forward a more sustainable public transit system,” concluded Trainer.

ESG comment: Due to this latest initial order from ABC I raise my personal estimate for the companys sales in 2021 from my initial spann of  $55-75 MUSD to a revenue spann of $70-80 MUSD. Considering how well sales have already gone in 2021 this new estimate should be within clear reach for the company.
I also would like to reiterate that Vicnity Motors already has orders confirmed for delivery in 2021 which now totals revenues of ~$60 MUSD.
This latest order alone should be worth around $3 MUSD based on a conservative price of $300 000 USD per Vicinity EV bus.

Should my new estimate of sales for 2021 come true Vicinity Motor Corp is now trading at 2,6X sales for 2021 compared to their peer comparison Greenpower motor trading at 33X sales for 2021. The company is very attractive in terms of evaluation and with the upcoming Nasdaq listing this is an fast growing EV stock to definately keep your eyes on!

I remind all readers that Grande West Transportation effective from 29/3 2021 is trading as Vicinity Motor Corp under the NEW SYMBOL $VMC. There is also a reverse stock split today which means 3 stocks will become one and the closing price of friday (2,42) equals an opening price of 7.26 CAD.

 I own shares in this company personally and this is not to be considered financial advice, always do your own research!

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