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Vicinity Motor Corp VEV


Primary Symbol: V.VMC

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 StockGibaon Dec 07, 2021 12:13am
243 Views
Post# 34204963

RE:RE:RE:RE:RE:RE:$4.58

RE:RE:RE:RE:RE:RE:$4.58 As far as equity raises.  They might have been around for 10+ years but they're going through a heavy growth phase into a few new segments.  They will need cash and more cash as they have some expansion costs, r and d costs and various others but with guidance of $140M for 2022.  I'm in the industry myself and know the expenses associated with new plants, machinery and start ups. I'm assuming the current promo is on to elevate the sp to a more acceptable level for a future raise if need be.  But they haven't gone to the well yet on the $20M line of credit which is a very good alternative. I added a substantial amount from $4.04 to $4.25 as well as a previous stack averaged at $5.42 and am comfortable with the risk reward here even in light of the EV sector getting crushed lately.     
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