Vicinity Motor forms supply agreement with clean tech company Exro Technogies for its electric buses
Vicinity Motor Corp. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) CEO William Trainer tells Proactive the supplier of electric, CNG, gas and clean diesel buses has formed a supply agreement with clean tech company Exro Technologies Inc. Trainer says Exro s Coil Driver technology has the potential to add an upwards of 30% energy savings on Vicinity s electric buses, allowing Vicinity vehicles to travel an extra 100 km on a single charge. Trainer says the group should have a test motor in late 2021.
Quick facts: Exro Technologies
Vicinity Motor Corp Announces Partnership with Exro Technologies to Deploy Enhanced Powertrain System into Next-Generation Electric Bus Fleets
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Vicinity Motor Corp Announces Partnership with Exro Technologies to Deploy Enhanced Powertrain System into Next-Generation Electric Bus Fleets
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Supplies electric, compressed natural gas, gasoline, and clean-diesel buses
Started 2021 with a $50 million backlog
What Vicinity Motors does:
Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) is a leading supplier of electric, compressed natural gas (CNG), gasoline, and clean-diesel buses for both public and commercial enterprise use in the US and Canada.
The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor in March 2021.
The company’s line of Vicinity buses, which maintain a dominant market share in Canada (90%), are produced by the company’s world-class manufacturing partners whom the company says can ramp up production to 2,000 units per year. Currently, more than 500 of its buses, which carry an average sales price of $400,000, are in operation.
NGT News
April 20, 2021
Vicinity Motor Corp. (VMC), a supplier of electric, compressed natural gas (CNG), gas and clean diesel buses, has received a new purchase order from a Canadian provincial public transportation provider for 15 Vicinity buses for a total value of over $6 million.
“We are pleased to have secured this substantial supply agreement with one of our long-term transit customers,” says William Trainer, President and CEO of VMC. “We continue to leverage our brand reputation throughout the Canadian market to sell CNG buses and position ourselves for wider adoption of cleantech vehicle offerings in the future. 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.”