Vicinity Motor Corp. (TSX-V:VMC) announced that it has signed a non-exclusive distribution agreement with Hawaii’s Soderholm Sales & Leasing, Inc (SSL), a full-service bus dealer, to sell Vicinity Motor’s Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles in Hawaii and the Pacific islands region.
The North American supplier of electric vehicles said the agreement includes an initial commitment for four stock and demonstration vehicles, including two VMC Optimal S1 vehicles, one Vicinity Classic bus and one Vicinity Lightning bus.
“Hawaii is uniquely positioned for vehicle electrification with a geography that enables a broad spectrum of sustainable power generation technologies including solar, wind, geothermal, hydro, ocean, biomass and biofuels,” Vicinity Motor CEO William Trainer said in a statement.
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“SSL's significant experience in sustainable and electric vehicles began with fuel cell buses and the company is now ramping its electric options as the Hawaii government has made great inroads in increasing the amount of locally produced renewable energy,” Trainer added.
SSL, located on Oahu, is the only fully licensed, full-service bus dealer in Hawaii and is the largest dedicated bus dealer in the US South Pacific, servicing 28 islands including Guam, Saipan and American Samoa.
Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use. The company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. It sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the company's strategic partner, for upfitting into next-generation delivery vehicles.
Contact Sean at sean@proactiveinvestors.com