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Vicinity maintains a majority market share in the mid-size heavy-duty bus segment in Canada and will be able to produce more than 1,000 electric vehicle ("EV") units annually from its facilities in Ferndale, Washington and Aldergrove, British Columbia. Its flagship product, the Vicinity Lightning™, is a purpose-built electric bus that is revolutionizing public transit using sustainable and affordable components. is a leading supplier of advanced shuttle transportation vehicles for public and commercial use. (TSX: EXRO) ( OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today that it has reached an agreement for up to 2,500 units with electric bus manufacturer Vicinity Motor Corp. The deal marks a milestone in Exro's work to accelerate the transition toward electrification in mobility by solving performance-cost trade-offs for the North American electric bus manufacturer.ĬALGARY, AB, /PRNewswire/ - Exro Technologies Inc.
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Exro will also provide electric vehicle design and engineering services from its Vehicle Systems division for additional revenue.Vicinity electric vehicles optimized with Exro Coil Driver™ technology will make electric buses for public transit more sustainable, cost-effective, and efficient.The multiyear agreement includes a first lot purchase order of 100 units with up to 2,500 units planned for delivery over the 36-month term.with high-voltage Coil Drive Systems, beginning with a pilot in Q2 2022.