Vicinity Motor Bags $6 Million EV Bus Order

  • 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.
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