Vicinity Motor designs and assembles mid-size transit buses and electric commercial trucks, targeting what it describes as an underserved segment between large 40-foot transit buses and smaller, less durable cut-away alternatives. Vicinity's two core products are the Vicinity Classic bus — a mid-size heavy-duty transit bus available in diesel, CNG, and electric variants, sold to municipal transit agencies, airports, and universities — and the VMC 1200, a Class 3 fully electric cab-over commercial truck targeting fleet operators looking to electrify delivery and freight operations. Vicinity also has an emerging product, the Vicinity Lightning, a purpose-built electric low-floor transit bus with an autonomous variant being developed with ADASTEC for campus deployments. Vicinity sells buses directly to transit agencies in Canada and through a dealer network in the U.S. The VMC 1200 is sold through a dealer network in Canada, with U.S. distribution in early development. Revenue comes from vehicle sales and aftermarket parts, with the parts business being the most stable and highest-margin stream. The VMC 1200 carries higher margins than buses, and demand is heavily supported by government rebates of up to CAD $92,000 per vehicle in some provinces. Vicinity assembles rather than manufactures vehicles, sourcing components globally, with facilities in Aldergrove, BC and Ferndale, Washington. Vicinity's near-term focus is scaling its Canadian truck dealer network and executing against a backlog exceeding $125M, roughly two-thirds of which is comprised of VMC 1200 trucks.
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