Vicinity Motor Corp Partnership
Exro Partners with Vicinity Motor Corp to Deploy Enhanced Powertrain into Next-Generation Electric Buses
Exro has entered into a supply agreement with Vicinity Motor Corp. to validate and deploy an optimized electric powertrain utilizing the Coil DriverTM technology for Vicinity’s suite of electric buses
The optimized powertrain will bring enhanced electric buses with improved performance to the public transit system
Calgary, Alberta (April 27, 2021) – Exro Technologies Inc. (TSXV: EXRO, OTCQB: EXROF) (the “Company” or “Exro”), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has signed a supply agreement with Vicinity Motor Corp. (“Vicinity” or “VMC”) to deploy Exro enhanced electric buses.
Vicinity Motor Corp. (formerly Grande West Transportation Group) is a leading supplier of advanced shuttle transportation vehicles for public and commercial use. With operations in Canada and the US, VMC has established significant market penetration and a large backlog of bus orders. Vicinity’s flagship product line, the Vicinity Bus, is a purpose-built electric bus revolutionizing sustainable public transit with next generation components.
Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC’s suite of electric buses. The Coil Drive System solution will enable the next generation of electric buses with improved performance that accelerates the transition to a sustainable public transit system. VMC will test and validate the Coil DriverTM powertrain integration with the intent of implementing it in future serial production batches of the electric bus product line.
“We are constantly searching for innovative new ways to provide a best-in-class experience for our customers, delivering leading-edge technology at a price point suitable for mass deployment across small and large fleets,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Testing of the Coil Drive System, which offers lower energy consumption and high performance relative to existing systems, could prove to be an exciting competitive advantage and further extend the range of our electric buses.”
“We are thrilled to bring enhanced electric buses to the market alongside Vicinity”, said Sue Ozdemir, Chief Executive Officer of Exro. “This commercial partnership highlights our dedication to bring the Coil DriverTM to emerging electric mobility markets and provide our partners with a clear edge over the competition.”