How Did The Vicinity Motor (VEV) Stock Surged In The Extended Session, Jumping 6%? By Staff. Published October 11, 2022.

Recently, what has VEV been up to?

Sustainability Partners LLC (“SP”), an ESG-focused Public Benefit Company committed to eliminating deferred maintenance infrastructure through sustainability, has placed an order with Vicinity Motor (VEV).

In this order, Vicinity’s Pacific Islands distributor, Soderholm Sales & Leasing, Inc. (“Soderholm”), bought four (4) Vicinity Lightning electric buses.

By replacing outdated and costly fleet infrastructure with modern electrified solutions like the Vicinity Lightning, the State of Hawaii is working toward its sustainability goals and accelerating fleet electrification. As well as paying for 100% of the purchase price, SP can ensure that the vehicles are maintained in a good condition with embedded long-term support from SSL and Vicinity. By providing Hawaii and its largest airport with a unique, month-to-month use-based service alternative to the traditional purchase of government fleets, VEV will provide Hawaii and its largest airport with an electric solution.

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