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Vicinity Motor Corp expects to deliver 'record-breaking' results of $140M in revenue for fiscal 2022

Vicinity Motor Corp expects to deliver 'record-breaking' results of $140M in revenue for fiscal 2022

Vicinity Motor Corp. (TSX-V:VMC) (TSX-V:VMC) CEO William Trainer tells Proactive he expects to report fiscal 2022 revenue of more than $140 million as it benefits from new partnerships and deals with backlogs.

Trainer says it expects to complete deliveries that include over 77% electric vehicles including 95 Vicinity Classic buses, 75 Vicinity Lightning EV (electric vehicle) buses and chassis, 200 VMC 1200 EV trucks, and 300 Vicinity Optimal EVs. For 2021, the total number of Vicinity Classic buses delivered is likely to reach over 130.

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