Vicinity Motor Bags $6 Million EV Bus Order

by Shivani Kumaresan, Benzinga Staff Writer

June 14, 2021 1:12 PM | 1 min read |

Vicinity Motor Corp BUSXF announced an initial order for EV buses from Calgary Transit, the City of Calgary’s transit authority.
The order for 14 Vicinity Lightning EV buses is valued at over $6.0 million.
The buses are due for delivery in 2022, with the option to purchase supplemental vehicles at a set price over five years.
“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,” said William Trainer, Founder and Chief Executive Officer.
Vicinity Motor supplies electric, CNG, gas, and clean diesel vehicles and has recently received a $300,000 grant from Washington state to develop its EV bus facility.
Price action: BUSXF shares are trading higher by 4.30% at $5.58 on last check Monday.

Posted In: News Briefs Electric Vehicle EVs

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