Vicinity Motor Corp. announces strategic supply agreement with Electrovaya for lithium battery systems

Vicinity Motor Corp. has formed a strategic supply agreement with Electrovaya Inc. for the supply of battery systems for the Company’s line of Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks.

The agreement provides Vicinity with Lithium-ion battery systems that utilize the latest Electrovaya NMC ceramic lithium-ion battery technologies and will support full integration within Vicinity’s line of vehicles.

“Our decision to collaborate with Electrovaya as a strategic supplier followed rigorous engineering and due diligence activities,” said William Trainer, founder and CEO, Vicinity Motor. “Sales momentum for our Vicinity Lightning™ EV lines of buses and our new fully electric VMC 1200 Class 3 Truck continues to scale, and this agreement secures our supply chain for the crucial battery component of our platforms. The Electrovaya batteries will provide confidence with prospective customers with a superior lifecycle performance and peace of mind with respect to safety.”

“Vicinity customers using the Electrovaya battery system will experience best-in-class performance with our leading-edge technology,” said Sankar Das Gupta, president and CEO, Electrovaya. “Our partnership will bring together two leaders in commercial and public vehicle electrification and deliver models at a price point suitable for mass deployment across small and large fleets. Vicinity Motor Corp. offers a highly competitive lineup of electric vehicles for the North American market and we expect our battery systems to help provide an additional competitive advantage to improve their adoption.”