Vicinity Motor Inks Distribution Deal With Hoekstra Transportation

by Shivani Kumaresan, Benzinga Staff Writer

April 13, 2022 9:42 AM | 1 min read | Make a Comment

Vicinity Motor Corp VEV has entered into a distribution agreement with Hoekstra Transportation Inc, a dealership for school buses, commercial shuttle buses, and mobility vehicles with locations in Grand Rapids and Troy, Michigan.
Under the agreement, Hoekstra will distribute Vicinity vehicles throughout Michigan, Indiana, and Ohio.
The contract includes Vicinity Classic, Vicinity Lightning, and VMC Optimal vehicles, with an initial order for eight vehicles.
"We believe our vehicles will perfectly compliment Hoekstra's portfolio, especially with their increasing focus on electric vehicle solutions," said CEO William Trainer.
Price Action: VEV shares traded lower by 1.75% at $2.25 on the last check Wednesday.

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