Vicinity Motor Corp. (TSX-V:VMC), a North American supplier of commercial electric vehicles, said it has signed a distribution agreement with the TOK Group to offer the VMC 1200 Class 3 electric trucks for sale.
Under the new agreement, TOK will distribute Vicinity's VMC 1200 Class 3 electric trucks throughout the York Region of the Greater Toronto Area, adding to the Canadian transportation solutions provider's portfolio of expertise in electric vehicle sales. The agreement includes an initial commitment for 10 VMC 1200 vehicles.
William Trainer, CEO of Vicinity, said the company continues to form partnerships with larger, sustainability-minded North American dealers aiming to transform their clients’ commercial fleets to electric vehicles.
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"TOK has 50 years of experience providing comprehensive, quality services to public and private organizations in the urban mobility, transit and charter tour industries,” Trainer said in a statement.
"After TOK's recent order for six Vicinity Lightning buses for use at the Billy Bishop Toronto Airport, it was a natural evolution to becoming an exclusive distributor for the VMC 1200, our fully electric class 3 commercial vehicle, which travels up to 150 miles on a single charge,” Trainer said.
Raffi Tokmakjian, president at TOK Group, said: "TOK has continued to evolve with advances in innovation and we are increasingly focused on electric and alternative fuel systems to resolve fleet management issues and enhance performance. Vicinity's full range of EV solutions complements our goals and is an ideal partner, alongside whom we will share the benefits of electrification with our customers."
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