"With many transit authorities now evaluating electric vehicles to supplement or replace their conventional diesel fleets in service today, Vicinity can serve as comprehensive provider that fulfills immediate needs as well as long-term sustainability targets. We look forward to working closely with their team to get these vehicles into service, leveraging our robust access to working capital, helping Transdev to deliver value to the communities that they service. "Transdev in particular is one of the largest private operators and integrators of multiple modes of transportation in the world, operating in 19 countries across six continents. "Our strong legacy of North American market leadership in the mid-sized heavy-duty segment continues to provide a strong customer base for our transit bus business," added William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. We look forward to deploying our new Vicinity buses into revenue service in 2024." This latest order comes on the tail of a renewal and new additional contracts with EXO in Quebec. The Vicinity buses will service the greater Montreal, Quebec area.Īrthur Nicolet, Chief Executive Officer of Transdev Canada, stated: "Vicinity and Transdev Canada have developed a strong and fruitful collaboration as we have grown our business in Canada over the last decade. The Company anticipates delivering these vehicles leveraging its existing working capital position, supplemented by its working capital lines of credit. has ordered forty-two of the Company's 32-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2024. Per the terms of the supply agreement, Transdev Canada, Inc. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new purchase order from global mobility leader Transdev for forty-two (42) Vicinity™ Classic buses. If you are good with personal finance and are looking to invest, you will find the Vicinity Motor on V stock exchange.VANCOUVER, BC / ACCESSWIRE / / Vicinity Motor Corp. Trading in bull markets is always easier so you might want to favor these shares under the given circumstances, but always read up on optimal investment strategies if you are new to investing. Since this share has a positive outlook we recommend it as a part in your portfolio. Our Ai stock analyst implies that there will be a positive trend in the future and the BUS shares might be good for investing for making money. Currently there seems to be a trend where stocks in the Consumer Cyclical sector(s) have been popular in this period. According to present data Vicinity Motor's BUS shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Recommendations: Buy or sell Vicinity Motor stock? Toronto Stock Market & Finance report, prediction for the future: You'll find the Vicinity Motor share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast.
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