Vicinity Motor Corp.
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- Vicinity Motor Corp. Vicinity Motor Corp. (ticker: VEV), formerly Grande West Transportation Group, manufactures and supplies commercial buses and trucks, including clean-diesel, compressed natural gas (CNG), and electric models such as the Vicinity Classic in 27.5-foot, 30-foot, and 35-foot lengths; Vicinity Lightning EV; and VMC 1200 Class 3 electric truck, targeting public transit agencies, shuttle services, and industrial fleets in North America. The company, founded in 2008 and headquartered in Aldergrove, British Columbia, Canada, with a U.S. assembly facility in Ferndale, Washington, leverages dealer networks like Alliance Bus Group and partnerships with manufacturers including Yaxing Motor Coach for production and Weichai Power for components; its vehicles comply with Buy America requirements and have passed Altoona Testing for U.S. federal transit funding eligibility. Operations span Canada and the United States, serving customers such as BC Transit, OC Transpo, Brooklyn Navy Yard, and Morongo Basin Transit Authority. In recent developments, Vicinity Motor Corp. entered receivership in October 2024 following a Royal Bank of Canada application due to unpaid loans exceeding $22 million, leading to Nasdaq delisting, auditor resignation, and asset sales; by mid-2025, its Vicinity Classic design rights were acquired by Raeda Dynamics Inc., which relaunched it as the Raeda Medius from a base in Saint-Jean-sur-Richelieu, Quebec. Prior to insolvency, the company reported 400% Q1 2024 revenue growth from delivering 44 VMC 1200 trucks and 22 Vicinity Classic buses, secured distribution deals with partners like DATTCO, Central States Bus Sales, and Jack Carter VMC Trucks, obtained CARB zero-emission certification for the VMC 1200, launched a U.S. assembly plant in 2022, and maintained a $125 million order backlog including a potential 8,000-unit California procurement.
Vicinity Achieves Microsoft Solutions Partner for Modern Work Designation, Joining Elite Tier of Regional Technology Partners
Delisting of Securities of Vicinity Motor Corp.; Bright Green Corporation; Smart for Life, Inc.; Focus Impact Acquisition Corp.; Cactus Acquisition Corp. 1; AltEnergy Acquisition Corp.; Lilium N.V.; APx Acquisition Corp. I; Integral Acquisition Corporation 1; New Providence Acquisition Corp. II from The Nasdaq Stock Market
Vicinity Energy Delivers eSteam™, First Carbon-Free Thermal Energy Solution in U.S.
Vicinity Motor Corp. Announces Board Resignations
Vicinity Motor Corp. Receives Nasdaq Delisting Notice
Vicinity Motor Corp. Receives Notice from RBC of Intent to File Receivership Order on Monday, October 21, 2024
Vicinity Motor Corp. Notification of Workout Plan Conclusion Without Successful Financial Restructuring
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
Vicinity Motor Corp. to Exhibit VMC 1200 Electric Truck at the Everything Electric Canada Show
Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements
Vicinity Motor Corp. Enters Into Workout Agreement to Develop a Restructuring Plan With Creditors
Vicinity Motor Corp. Applies for Management Cease Trade Order
Why Is Vicinity Motor (VEV) Stock Up 141% Today?
Royal Bank of Canada & EDC Issue Demand Letters and Notice of Enforcement of Security to Vicinity Motor Corp, a North American Supplier of Commercial Electric Vehicles
Vicinity Motor Corp. to Report Second Quarter 2024 Financial Results on Wednesday, August 14 at 4:30 p.m. Eastern Time
Vicinity Motor Corp. Announces First Public Deployment of its Automated Transit Bus at Sleeping Bear Dunes National Lakeshore
Vicinity Motor Corp. Customers Eligible for U.S. IRS Commercial Clean Vehicle Tax Credit of Up to $40,000 per Vehicle
Vicinity Motor Corp. Announces Closing of the US$2.5 Million Registered Direct Offering
Vicinity Motor Corp. Receives Follow on Orders for Three Vicinity Classic Clean Diesel Buses from Leading Quebec Transit Operators