Vicinity Motor Corp. Announces First Public Deployment of its Automated Transit Bus at Sleeping Bear Dunes National Lakeshore
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) has announced the first public deployment of its Autonomous Lightning Electric Transit Bus at Michigan's Sleeping Bear Dunes National Lakeshore, starting August 14th, 2024. This initiative, in partnership with ADASTEC, is part of a National Park Service Mobility Challenge Program grant. The SAE Level-4 automated bus will operate on a 4.1-mile route, offering free rides to NPS pass holders.
The project combines Vicinity's electric low-floor transit vehicles with ADASTEC's flowride.ai automated driving software. It aims to study automated bus technology in an outdoor recreational setting, potentially enhancing safety and reducing congestion. Vicinity's buses are also eligible for up to $85,000 in incentives from California's HVIP program, positioning the company to drive adoption of electric, autonomous bus solutions.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ha annunciato il primo utilizzo pubblico del suo autobus elettrico autonomo Lightning presso il Parco Nazionale Sleeping Bear Dunes nel Michigan, a partire dal 14 agosto 2024. Questa iniziativa, in collaborazione con ADASTEC, fa parte di una sovvenzione del programma Mobility Challenge del National Park Service. L'autobus automatizzato di livello SAE 4 opererà su un percorso di 4,1 miglia, offrendo corse gratuite ai possessori di pass NPS.
Il progetto combina i veicoli elettrici a pianale basso di Vicinity con il software di guida automatizzata flowride.ai di ADASTEC. Mira a studiare la tecnologia degli autobus automatizzati in un contesto ricreativo all'aperto, potenzialmente migliorando la sicurezza e riducendo la congestione. Gli autobus di Vicinity sono anche idonei a ricevere fino a 85.000 dollari in incentivi dal programma HVIP della California, posizionando l'azienda per promuovere l'adozione di soluzioni di autobus elettrici e autonomi.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ha anunciado el primer despliegue público de su autobús de tránsito eléctrico autónomo Lightning en la zona del Parque Nacional Sleeping Bear Dunes en Michigan, a partir del 14 de agosto de 2024. Esta iniciativa, en colaboración con ADASTEC, forma parte de una subvención del programa Mobility Challenge del Servicio Nacional de Parques. El autobús automatizado de nivel SAE 4 operará en una ruta de 4,1 millas, ofreciendo viajes gratuitos a los titulares de pases del NPS.
El proyecto combina los vehículos de tránsito eléctricos de bajo piso de Vicinity con el software de conducción automatizada flowride.ai de ADASTEC. Tiene como objetivo estudiar la tecnología de autobuses automatizados en un entorno recreativo al aire libre, potencialmente mejorando la seguridad y reduciendo la congestión. Los autobuses de Vicinity también son elegibles para recibir hasta 85,000 dólares en incentivos del programa HVIP de California, posicionando a la empresa para impulsar la adopción de soluciones de autobuses eléctricos y autónomos.
비시니티 모터 코퍼레이션(Vicinity Motor Corp.) (NASDAQ:VEV)(TSXV:VMC)이 미시간의 슬리핑 베어 듄스 국립호수공원에서 자율전기순환버스인 라이트닝 전기 버스의 첫 번째 공공 운행을 2024년 8월 14일부터 시작한다고 발표했습니다. 이 프로젝트는 ADASTEC와의 협력으로 진행되며, 국립공원 서비스 이동성 도전 프로그램 보조금의 일환입니다. SAE 레벨 4 자동화 버스는 4.1마일 구간에서 운행되며, NPS 통행권 소지자에게 무료 승차를 제공합니다.
이 프로젝트는 비시니티의 전기 저상 교통 수단과 ADASTEC의 flowride.ai 자동 운전 소프트웨어를 결합합니다. 야외 레크리에이션 환경에서 자동화된 버스 기술을 연구하여 안전성을 향상시키고 혼잡을 줄이는 것을 목표로 합니다. 비시니티의 버스는 또한 캘리포니아의 HVIP 프로그램으로부터 최대 $85,000의 인센티브를 받을 자격이 있어, 전기 자율 버스 솔루션 채택을 촉진하는데 유리한 위치에 있습니다.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) a annoncé le premier déploiement public de son autobus de transit électrique autonome Lightning au Parc national Sleeping Bear Dunes dans le Michigan, à partir du 14 août 2024. Cette initiative, en partenariat avec ADASTEC, fait partie d'une subvention du programme Mobility Challenge du National Park Service. L'autobus automatisé de niveau SAE 4 circulera sur un trajet de 4,1 miles, offrant des trajets gratuits aux titulaires de pass NPS.
Ce projet combine les véhicules de transit électriques à faible plancher de Vicinity avec le logiciel de conduite automatisée flowride.ai d'ADASTEC. Son objectif est d'étudier la technologie des bus automatisés dans un cadre récréatif en plein air, améliorant potentiellement la sécurité et réduisant la congestion. Les bus de Vicinity sont également éligibles pour jusqu'à 85 000 dollars d'incitations du programme HVIP de Californie, plaçant l'entreprise dans une position favorable pour promouvoir l'adoption de solutions de bus électriques autonomes.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) hat den ersten öffentlichen Einsatz seines autonomen Elektro-Transitbusses Lightning im Sleeping Bear Dunes National Lakeshore in Michigan angekündigt, der am 14. August 2024 beginnt. Diese Initiative, in Zusammenarbeit mit ADASTEC, ist Teil eines Zuschusses des Mobility Challenge Program des National Park Service. Der automatisierte Bus der SAE Level-4 wird auf einer 4,1 Meilen langen Strecke fahren und kostenlosen Fahrservice für NPS-Passinhaber anbieten.
Das Projekt verbindet die elektrischen Niederflurbusse von Vicinity mit der automatisierten Fahrsoftware flowride.ai von ADASTEC. Ziel ist es, die Technologie automatisierter Busse in einem Outdoor-Freizeitumfeld zu untersuchen, was potenziell die Sicherheit erhöhen und Staus reduzieren könnte. Vicinitys Busse sind auch berechtigt, bis zu 85.000 US-Dollar an Anreizen aus dem HVIP-Programm Kaliforniens zu erhalten, was das Unternehmen in eine gute Position bringt, um die Akzeptanz von elektrischen, autonomen Buslösungen voranzutreiben.
- First public deployment of Vicinity's Autonomous Electric Transit Bus
- Partnership with ADASTEC for SAE Level-4 automated driving software
- Eligibility for up to $85,000 in incentives from California's HVIP program
- Potential to enhance traffic safety and reduce congestion in high-visitation areas
- None.
Insights
The deployment of Vicinity Motor Corp's automated electric transit bus at Sleeping Bear Dunes National Lakeshore marks a significant milestone in the evolution of public transportation. This initiative, combining Vicinity's electric vehicle expertise with ADASTEC's SAE Level-4 automated driving software, represents a pioneering step in sustainable and autonomous transit solutions.
Key technological aspects to consider:
- The integration of ADASTEC's flowride.ai platform with Vicinity's electric bus demonstrates the feasibility of high-level automation in public transit, potentially revolutionizing the industry.
- The bus's ability to respond in real-time to changing passenger demands, including flexible routing and dynamic scheduling, showcases advanced AI capabilities that could significantly enhance transit efficiency.
- The deployment in a national park setting provides a unique testing ground for automated vehicles, offering insights into their performance in diverse environmental conditions.
From an investor's perspective, this deployment could signal strong growth potential for Vicinity Motor Corp in the autonomous vehicle market. The partnership with ADASTEC and the support from federal funding indicate confidence in the technology's viability. Moreover, the qualification for up to
However, investors should also consider the challenges ahead, including regulatory hurdles, public acceptance of autonomous vehicles and potential competition from larger automotive players entering the space. The success of this initial deployment will be important in determining the long-term viability and scalability of Vicinity's autonomous bus technology.
The introduction of Vicinity Motor Corp's automated electric transit bus at Sleeping Bear Dunes National Lakeshore represents a significant step towards sustainable transportation in environmentally sensitive areas. This initiative aligns with broader efforts to reduce carbon emissions and minimize the environmental impact of tourism in national parks.
Key environmental considerations include:
- The use of electric vehicles in national parks can significantly reduce local air pollution and noise, enhancing the visitor experience while preserving the natural environment.
- Automated routing and scheduling capabilities have the potential to optimize vehicle usage and reduce overall energy consumption, further minimizing the environmental footprint.
- The deployment serves as a real-world test case for sustainable transit solutions in high-visitation areas, potentially informing future policies for national parks and other protected areas.
From a policy perspective, this project demonstrates the government's commitment to supporting innovative, environmentally friendly transportation solutions. The use of federal funding through the National Park Service Mobility Challenge Program indicates a willingness to invest in sustainable technologies that could be scaled to other national parks and public spaces.
For investors, this deployment highlights the growing market for sustainable transit solutions in both public and private sectors. The success of this project could lead to increased demand for Vicinity's electric and autonomous vehicles, not only in national parks but also in urban areas seeking to reduce their carbon footprint.
However, it's important to note that the long-term success of such initiatives will depend on factors such as infrastructure development (e.g., charging stations), ongoing maintenance costs and the ability to scale the technology to meet diverse transportation needs across different environments.
The deployment of Vicinity Motor Corp's automated electric transit bus at Sleeping Bear Dunes National Lakeshore represents a significant milestone in the evolution of public transportation. This initiative has several implications for the transportation industry and investors:
- Market Expansion: This deployment opens up a new market segment for automated electric buses in recreational and tourism settings. Success here could lead to similar deployments in other national parks and tourist destinations, potentially creating a substantial new revenue stream for Vicinity.
- Technological Leadership: By partnering with ADASTEC to integrate SAE Level-4 automated driving capabilities, Vicinity is positioning itself at the forefront of autonomous public transit technology. This could give the company a competitive edge in the rapidly evolving electric vehicle market.
- Public Sector Opportunities: The involvement of the National Park Service and support from federal funding demonstrate the potential for increased public sector contracts. This could provide a stable revenue base for Vicinity as governments increasingly prioritize sustainable transportation solutions.
- Regulatory Influence: As one of the first deployments of its kind, this project could help shape future regulations for autonomous public transit, potentially giving Vicinity an early-mover advantage in compliance and certification.
However, investors should also consider potential challenges:
- Scalability: The success of this single deployment needs to be replicated on a larger scale to significantly impact Vicinity's bottom line.
- Competition: As the autonomous electric bus market grows, larger, more established manufacturers may enter the space, potentially squeezing margins.
- Technology Risks: Any technical issues or safety concerns during this high-profile deployment could negatively impact public perception and future adoption rates.
Overall, while this deployment represents a promising step forward for Vicinity Motor Corp, investors should closely monitor its performance and the company's ability to leverage this opportunity into sustainable growth and market leadership in the autonomous electric bus sector.
Vicinity Autonomous Electric Transit Bus to See First Deployment with National Park Service in August 2024; New Capability Enabled by Partnership with Automated Driving Software Platform Provider ADASTEC
VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the first public deployment of a Vicinity Autonomous Lightning Electric Transit Bus in partnership with automated driving software platform provider ADASTEC at Michigan's Sleeping Bear Dunes National Lakeshore, beginning service on Wednesday, August 14th, 2024.
As announced by Michigan Lieutenant Governor Garlin Gilchrist at a launch event at the Michigan State Capitol Building today, through a National Park Service Mobility Challenge Program grant, ADASTEC and Vicinity will deploy an automated, electric low-floor, accessible transit bus that will transport passengers along a 4.1-mile route on Pierce Stocking Scenic Drive at Sleeping Bear Dunes National Lakeshore. The deployment - supported by federal funding - aims to study how the next generation of automated bus technology performs in an outdoor recreational setting. The vehicle will be available for public use and is free to riders with a 7-day, annual or lifetime NPS pass during its deployment period.
The partnership brings together Vicinity's expertise in medium-duty, accessible, fully electrified low-floor transit vehicles with ADASTEC's SAE Level-4 automated driving software platform, flowride.ai. Vicinity automated transit buses are capable of responding in real-time to changing passenger demands, with capabilities such as flexible routing and dynamic scheduling. This initial deployment aims to demonstrate how automated, electric transit buses can significantly enhance traffic safety and reduce congestion in areas with high visitation rates.
Brent Phillips, President of Vicinity Motor Corp., said: "We at Vicinity Motor are absolutely thrilled to have an Autonomous Vicinity Lighting bus in federally funded service at such a prominent site, representing what we believe could be the future of public transportation in time. I would like to thank our valued automation partners at ADASTEC, whose advanced automated driving software platform makes our first SAE Level-4 automated bus deployments such as this possible. When paired with our qualification for up to
Dr. Ali Peker, CEO of ADASTEC Corp., stated: "We are proud to partner with Vicinity Motor Corp. and the National Park Service to deploy our SAE Level-4 automated driving software, flowride.ai, at the iconic Sleeping Bear Dunes National Lakeshore. The first automated bus compliant with FMVSS regulations, this deployment aims to showcase how automated transit can enhance safety, efficiency, and environmental sustainability in public transportation."
Cemre Kavvasoglu, Product Management Director, North America at ADASTEC, added: "The deployment of the first SAE Level-4 automated bus at Sleeping Bear Dunes National Lakeshore is a significant milestone for us. This project exemplifies how innovative partnerships can bring advanced technology to public transit, enhancing both the passenger experience and operational efficiency. We are committed to driving forward the future of transportation with solutions that prioritize safety, sustainability, and accessibility."
"We look forward to working closely with the Sleeping Bear Dunes team and ADASTEC, as well as future automated bus deployment partners in the months to come, as we seek to revolutionize the future of transportation with next-generation solutions that are safer, more efficient and lower-cost," concluded Phillips.
About ADASTEC Corp.
Established in 2018, ADASTEC Corp is a leading US-based provider of Level-4 automation solutions for full-size buses and commercial vehicles. Our flagship product, the SAE Level 4 automation platform flowride.ai, sets the standard in full-size bus automation with its advanced capabilities and has achieved key regulatory approvals, distinguishing ADASTEC as an industry pioneer. With a commitment to quality and innovation, ADASTEC holds prestigious ISO certifications and is headquartered in East Lansing, Michigan, with a global presence in Turkey and The Netherlands.
ADASTEC is dedicated to transforming public transportation into a more sustainable and efficient system with a proven track record of international deployments and strong industry partnerships. Our expertise in delivering factory-fitted full-size buses and commercial vehicles automation and integration into public transport systems underscores our commitment to providing scalable, cost-effective, and safety-focused solutions to meet the evolving needs of modern cities.
For more information, please visit www.adastec.com.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("VMC") is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit www.vicinitymotorcorp.com.
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
www.mzgroup.us
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, market prices and supply for parts and materials, the success of Vicinity's operational strategies, the vehicle assembly facility in the State of Washington being capable of operating in the manner intended by management, the effect of the COVID-19 pandemic, the recoverability of the Optimal intangible asset and other macro economic factors on supply chain recovery to pre-pandemic levels, related government-imposed restrictions on operations, the success of Vicinity's strategic partnerships, the ability of the Company to extend or modify existing debt terms; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Vicinity Motor Corp.
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FAQ
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