Vicinity Motor receives first order worth $1 million for 10 VMC 1200 Class 3 electric trucks

Vicinity Motor Corp (NASDAQ:VEV) (CVE:VMC) (FRA:6LG) said it has received an initial order from a private operator in British Columbia for 10 VMC 1200 Class 3 electric trucks valued at over $1 million.

“We are thrilled to receive our first order for our recently announced all-new Vicinity 1200 Fully Electric Class 3 Truck designed for urban environments and construction or delivery applications,” said Vicinity founder and CEO William Trainer in a statement.

“As companies seek solutions to diversify their fleets and mitigate exposure to energy and carbon costs, we expect strong interest in the VMC 1200 and are pleased to have our first order so quickly,” he added.

READ: Vicinity Motor customers in British Columbia to receive up to $100,000 in electric vehicle purchase incentives

Trainer continued: “We believe the market conditions are ideal for a medium-duty electric truck with a 6,000-pound load capacity, expected range up to 150 miles on a single charge, and a popular cab-over design – all at an attractive price. We expect to see additional orders as we continue to introduce the VMC 1200 across our dealer network to potential customers in a market that sees over 400,000 vehicles sold per year.”

Vicinity said the order for the 10 trucks is scheduled for delivery in the first quarter of 2022.

The company, which just broke ground on a new manufacturing facility in Washington State, is a leading supplier of electric, CNG, gas, and clean-diesel buses for both public and commercial enterprise use in the US and Canada.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors