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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Comment by MrAnswerson Apr 19, 2021 10:52am
83 Views
Post# 33021652

RE:Oh look more sales.

RE:Oh look more sales. It's a good start. Keep in mind these guys are valued at about $100mil in revenue assuming 10% flows to the bottom line at a 22x multiple (back of the envelope math). They now have about $10-15 mil in revenue on the books for 2022 so still need another $85mil or more to justify market cap. While any sale is a good sale I'd prefer them to see more orders from people other than BC Transit as I believe this one was for Victoria BC
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