Vicinity Motor receives $1.6M-plus purchase agreement from Simcoe County in Ontario for four buses

Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG), formerly known as Grande West Transportation Group, said it has received a purchase agreement from Simcoe County in Ontario for four buses. Under the terms of the supply agreement worth more than $1.6 million, the company noted that the county will order three 30-foot Vicinity buses as well as one larger 35-foot bus for delivery in the first half of 2022. "We are pleased to have secured this $1.6 +million agreement with the County of Simcoe, continuing our strong legacy as a leading bus supplier within the robust Canadian market," Vicinity CEO William Trainer said in a statement. READ: Vicinity Motor announces $6M-plus contract for 15 compressed natural gas buses "Our core business and strong reputation provide a springboard as we help enable the transition to low-emission and zero-emission options at public transit agencies across North America. We look forward to continued traction in our home market in the quarters ahead, supporting us as we expand into the lucrative US market alongside our tier-1 distribution partners," Trainer added. The company has three bus models - heavy-duty (diesel and compressed natural gas), medium-duty (electric vehicle EV), and light-duty (gasoline, diesel, and CNG). A fourth heavy-duty EV bus is currently under development. Vicinity is currently developing an assembly facility in Washington State that will be capable of producing 1,000 electric, CNG, gas, and clean-diesel units annually across all sizes and powertrains.  Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham