VEV - Vicinity Motor joins hands with Sustainability Partners to accelerate government fleet electrification

North American supplier of commercial electric vehicles, Vicinity Motor (NASDAQ:VEV) enters into a master goods and service agreement with Sustainability Partners. Company will utilize its Electric Vehicles as a Service program to finance the conversion of traditional government fleets to Vicinity's electric vehicles. "SP's month-to-month use-based service is a uniquely structured, OpEx-oriented alternative to the traditional purchase of government fleets. The program enables institutions and private industry to modernize their fleets while benefitting from high-performance, cost-effective Vicinity electric vehicles. SP is a clear alternative to traditional purchase or public works procurement with ?nancing, bonding, PPP's, leasing, EPCs, and Shared Savings arrangements. said William Trainer, Founder and CEO.

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Vicinity Motor joins hands with Sustainability Partners to accelerate government fleet electrification