Vicinity Motor Corp CEO William Trainer tells Proactive it has signed a licensing and marketing agreement partnering with US-based Optimal Electric Vehicles, LLC, to serve as the exclusive North American distributor of its all-electric product line through Vicinity's wide dealer network.
Trainer says the Vancouver, British Columbia-based company's agreement covers sales of Optimal’s S1 and E1 product lines for 10 years in return for an investment of US$20 million.
Optimal-EV will produce low-floor electric shuttle buses and chassis for Vicinity, which will market and sell the VMC Optimal-branded vehicles directly in Canada and through a dealer network in the US, with the two partners sharing in revenue and profits.