Source: Vicinity Motor.
  • Vicinity Motor (VMC) has partnered with Proterra to power its electric transit buses and work trucks
  • Proterra will supply battery systems for a minimum of 600 Vicinity commercial electric vehicles through 2024
  • These vehicles include the Vicinity Lightning 28-foot electric transit bus, which will begin production in Q3 2022
  • Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions
  • Vicinity Motor is a North American supplier of EVs for public and commercial enterprises
  • Vicinity Motor (VMC) is up by 0.70 per cent trading at $4.33 per share

Vicinity Motor (VMC) has partnered with Proterra to power its electric transit buses and work trucks.

Under the multi-year supply agreement, Proterra battery systems will support the Vicinity Lightning 28-foot electric transit bus, which begins production in Q3 2022, as well as Vicinity utility trucks, shuttle buses and box trucks.

Proterra will supply battery systems for a minimum of 600 Vicinity commercial electric vehicles through 2024.

“We are pleased to announce this new commercial relationship with Proterra, a true battery technology leader,” stated William Trainer, Founder and CEO of Vicinity. “I look forward to working closely with the Proterra team to make our vehicles, equipped with their advanced battery systems, a staple in North American public transportation and industrial spaces.”

“The question now is no longer if communities will transition to zero-emission, battery-electric transportation, but how fast we can get there,” added Gareth Joyce, CEO of Proterra. “Together with Vicinity, we are excited to build on this innovative spirit as we bring more clean transportation solutions to the communities we live in and serve.”

Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions. Its battery systems have powered vehicles over more than 20 million miles.

Vicinity Motor is a North American supplier of EVs for public and commercial enterprises.

Vicinity Motor (VMC) is up by 0.70 per cent trading at $4.33 per share as of 10:04 am EST.

More From The Market Online
Bombardier - Bombardier's Challenger 3500 business jet.

Bombardier reveals NetJets as buyer behind US$6 billion order

Bombardier (TSX:BBD.A) names NetJets as the previously announced anonymous buyer of 12 Challenger 3500 aircraft in December 2023.

Canada-U.S. space collaboration to enhance orbital launch capabilities

Maritime Launch Services (NEO:MAXQ) is realizing its mission of supporting the commercial space sector with its latest partnership.

Electrovaya inks battery supply contract with Sumitomo Corporation

Electrovaya (TSX:ELVA) signs a battery supply contract with Japan's Sumitomo Corp., one of the world's largest diversified trading companies.
Bombardier - Executive Advisor, Christophe Degoumois

Bombardier stock rises as board of directors elected

Bombardier (TSX:BBD.A) stock climbs 2.5 per cent in early Friday trading after the company unveiled its recently elected board of directors.