![]() ![]() As our customers increasingly look for options to meet their sustainability and ESG goals, we are excited by the unique and specific solutions that VMC products can offer our customers. Jeff Reitz, President and CEO of Central States, added: “We see a good fit with VMC products among our portfolio of quality bus brands – completing our full range of bus offerings. We look forward to helping the Central States sales team share the benefits of our heavy-duty, light-duty and special purpose electric vehicles with customers.” The initial order of VMC Optimal vehicles demonstrates increasing interest from established dealers to offer traditional customers all-electric options that mitigate exposure to energy and carbon costs – while still providing the range, speeds and gradeability required in daily real-world operation. “Central States has decades of experience serving and maintaining fleets in the region with warranty, training and technical capabilities to provide industry leading customer support. “As the one of the largest school and commercial bus dealers and a well-respected brand, Central States adds significant sales opportunities for our product line and expands our reach in the center of the United States,” said William Trainer, Founder and CEO of Vicinity Motor Corp. The agreement includes a commitment to 18 stock and demonstration vehicles. The Vicinity line fills in key transit, EV and shuttle opportunities within Central States’ portfolio of vehicles, further enhancing its product offering to current customers while expanding into new market sectors. Under the new agreement, Central States will distribute Vicinity vehicles throughout the entire central region. The VMC distribution agreement covers 7 states extending from Kentucky to Nebraska providing VMC a significant advantage in this important market. As one of the largest bus dealers in the country, Central States offers full-service facilities in Missouri, Illinois, Tennessee, Kentucky and Arkansas. ![]() Central States supplies thousands of school and commercial buses annually to customers throughout the region, providing a host of transportation solutions. Headquarter in Fenton, MO, Central States has been a regional leader in bus sales and service since 1975. (“Central States”), one of the largest school and commercial bus dealers in the U.S., to offer the Company’s full product portfolio, including an initial commitment for 18 demo and stock buses. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has signed a distribution agreement with Central States Bus Sales, Inc. We continue to see an upside in Vicinity Motors shares as the company is now valued at less than 1X sales for 2022 and has target prices of 15-32 CAD by external analysts. Central states orders 18 buses a showcase and demo buses as a sign of their comittment. Target price: 15-32 CAD by external analystsīusiness: Leading supplier of electric, CNG, gas and clean-diesel buses forīoth public and commercial enterprise use in the U.S and CanadaĬomparable peer : Lion Electric Market cap 2 billion USDĮSGFIRE comment: Vicinity Motors today (4/4 2022) announced a new order for 18 VMC optimal S1 Buses along with presententing Central states as a distributor which is one of the largest school and commercial bus dealers in the US to offer the companys full product line. Stock price at time of publication: $ 2.92 CAD Market cap at time of publication: $103 MCAD
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