Vicinity Motor Corp.
Vicinity Motor Corp. is a Canadian publicly traded supplier (Nasdaq: VEV) of electric, CNG, and clean-diesel commercial vehicles, headquartered in Aldergrove, British Columbia, and founded in 2008.
- Company typePrivate
- Founded2008
- HeadquartersAldergrove, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Vicinity Motor Corp. does
Vicinity Motor Corp. is a Canadian-based supplier of commercial vehicles operating across three powertrain categories: electric vehicles, compressed natural gas (CNG) vehicles, and clean-diesel vehicles. Founded in 2008 and headquartered in Aldergrove, British Columbia, the company is publicly traded on Nasdaq under the ticker VEV and employs 51-100 people as of the most recent disclosure window.
Business model mechanics, customer segmentation, pricing, and underlying technology platform architecture are not disclosed in the available source material. The sole verifiable material event in the supplied data set is a July 2024 registered direct offering of $2.5 million with a U.S. investor, structured as common shares and warrants, with proceeds earmarked for working capital and general corporate purposes. Operational scale indicators (51-100 employees, the modest raise size, and no disclosed revenue) are consistent with a small-scale vehicle OEM.
Material data integrity caveats apply: the company's primary web domain currently resolves to third-party spam/gambling content rather than a corporate website, the leadership and financials blocks reference unusually scaled or anomalous figures, and no management team contacts or named customers are present in the source set. These factors substantially limit confidence in any inference beyond the company's basic identity and product vertical.
Vicinity Motor Corp. firmographics
Firmographics- Name
- Vicinity Motor Corp.
- Website
- https://vicinitymotorcorp.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vicinity Motor Corp. is a Canadian publicly traded supplier (Nasdaq: VEV) of electric, CNG, and clean-diesel commercial vehicles, headquartered in Aldergrove, British Columbia, and founded in 2008.
- Ownership category
- akta.pro rank
Vicinity Motor Corp. industry classification
Industry- Product category
- Electric Commercial Vehicles
- NAICS
- Motor Vehicle Manufacturing (3361), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)
- SIC
- Motor Vehicles & Passenger Car Bodies (3711), Miscellaneous Transportation Equipment (3790)
- akta.pro primary industry
- Truck & Commercial Vehicle Powertrain Manufacturing (Diesel/CNG/Hydrogen/Hybrid) (IMACABAJ)
- akta.pro secondary industry
- Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)
Keywords
Where Vicinity Motor Corp. is headquartered
LocationHeadquarters
- HQ city
- Aldergrove
- HQ country
- Canada
- HQ region
- North America
Markets served
Vicinity Motor Corp. business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Vicinity Motor Corp. product offering
Product offeringCore offering
Vicinity Motor Corp. supplies electric, CNG, and clean-diesel vehicles to commercial fleet and transit customers. The company manufactures multi-powertrain commercial vehicles, giving operators a choice of low-emission drivetrains within a single product platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Vehicles Battery-electric commercial vehicles supplied by Vicinity Motor Corp. for fleet and transit operators seeking zero-tailpipe-emission transport.
- CNG Vehicles Compressed natural gas (CNG)-powered commercial vehicles supplied by Vicinity Motor Corp. for fleet operators with access to natural gas fueling infrastructure.
- Clean-Diesel Vehicles Clean-diesel commercial vehicles supplied by Vicinity Motor Corp. as a lower-emission alternative to traditional diesel powertrains for fleet operators.
Companies that use Vicinity Motor Corp.
Customer profileIdeal customer profiles1 record
Vicinity Motor Corp. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Vicinity Motor Corp. partnerships and signals
Strategic signalScale indicators1 record
Recent moves1 record
Expansion highlights1 record
Vicinity Motor Corp. competitors and assessment
Company assessmentDirect peers
- GreenPower Motor Company: GreenPower Motor Company designs and manufactures zero-emission electric buses and trucks for the transit, shuttle, and school-bus markets — a near-perfect comparability to Vicinity's EV and clean-fuel commercial vehicle focus, both as small-cap North American EV bus OEMs pursuing fleet electrification.
- Lion Electric Company: Lion Electric is a Canadian manufacturer of all-electric medium- and heavy-duty vehicles — including school buses, transit buses, and trucks — directly competing with Vicinity in the North American zero-emission commercial vehicle market with a similar multi-segment fleet approach.
- Lightning eMotors: Lightning eMotors electrifies medium-duty commercial vehicles (shuttles, last-mile delivery, passenger vans) and integrates proprietary EV powertrains — closely comparable to Vicinity's electric van/shuttle and powertrain integration focus within North American commercial fleets.
- Workhorse Group: Workhorse designs and produces last-mile delivery electric trucks and drones for commercial fleets — overlapping with Vicinity's commercial EV and adjacent powertrain integration activities in the North American fleet segment.
- Xos Trucks: Xos manufactures Class 5–8 electric commercial vehicles including step vans, box trucks, and chassis-cab configurations — a comparable North American small/mid-fleet electric vehicle maker targeting similar commercial customers as Vicinity's EV shuttle and bus offerings.
Broad incumbents
- NFI Group (New Flyer): NFI Group is the largest North American bus manufacturer (New Flyer, MCI, Alexander Dennis) producing transit, motor coach, and low-floor buses including electric, hydrogen, and clean-diesel variants — competing with Vicinity across the same end customers with broader portfolio and substantially more scale.
- Blue Bird Corporation: Blue Bird is a leading North American school and activity bus manufacturer with electric, propane, and CNG offerings — overlapping with Vicinity's alternative-fuel bus portfolio, particularly around paratransit, shuttle, and Type C/D applications.
- BYD Motors: BYD is one of the world's largest manufacturers of electric buses, trucks, and commercial vehicles with a strong North American presence — a broad incumbent overlapping with Vicinity across battery-electric transit, school, and shuttle bus categories.
- REV Group (specialty vehicles): REV Group produces specialty vehicles including commercial buses, RVs, and ambulances — adjacent to Vicinity's bus/chassis integration business with overlapping customer profiles and chassis-level manufacturing capabilities.
Regional players
- Greenbrier Companies: Greenbrier produces railcars, barges, and marine/transport equipment primarily for freight — only weakly comparable, but it operates in the broader North American commercial transportation equipment manufacturing space alongside Vicinity and shares overlap in fleet buyer relationships.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks10 records
Key highlights6 records
Customer concentration
Vicinity Motor Corp. social profiles
Digital presenceVicinity Motor Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vicinity Motor Corp. leadership team
Management profileNumber of profiles
Profiles2 records
Vicinity Motor Corp. funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vicinity Motor Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vicinity Motor Corp.
What does Vicinity Motor Corp. do?
Vicinity Motor Corp. supplies electric, CNG, and clean-diesel vehicles to commercial fleet and transit customers. The company manufactures multi-powertrain commercial vehicles, giving operators a choice of low-emission drivetrains within a single product platform.
Is Vicinity Motor Corp. a public or private company?
Vicinity Motor Corp. is a private company. It is classified as public and is currently operating.
When was Vicinity Motor Corp. founded?
Vicinity Motor Corp. was founded in 2008. It employs 51 to 100 people.
Where is Vicinity Motor Corp. based?
Vicinity Motor Corp. is headquartered in Aldergrove, Canada, in the North America region.
Who are Vicinity Motor Corp.'s main competitors?
Direct peers on record are GreenPower Motor Company, Lion Electric Company, Lightning eMotors, Workhorse Group and Xos Trucks. Broad incumbents are NFI Group (New Flyer), Blue Bird Corporation, BYD Motors and REV Group (specialty vehicles). Greenbrier Companies is listed as a regional player.
Does Vicinity Motor Corp. have an API?
No public API is recorded for Vicinity Motor Corp..
What industry is Vicinity Motor Corp. in?
Vicinity Motor Corp.'s product category is Electric Commercial Vehicles. Its primary akta.pro industry code is IMACABAJ, Truck & Commercial Vehicle Powertrain Manufacturing (Diesel/CNG/Hydrogen/Hybrid), with a secondary code of IMACAHAJ, Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules). Its NAICS code is 3361 and its SIC code is 3711.