Ann Arbor, MI – October 3, 2023 - ADASTEC Corp, a leading supplier of advanced SAE Level-4 automated driving software platforms tailored for public transportation solutions, and Vicinity Motor Corp., a prominent provider of commercial electric vehicles in North America, are excited to unveil their groundbreaking partnership set to revolutionize for the North American market.
The collaboration marks a substantial leap in the realm of transportation, with a strong emphasis on automated, connected, and shared solutions, driving innovation, accessibility, and sustainability. The partnership combines 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. Together, they aim to revolutionize the mobility sector and make a lasting impact on communities and passengers.
Cemre Kavvasoglu, Product Management Director, North America of ADASTEC, commented: "At ADASTEC, our collaboration with Vicinity marks a transformative moment in transportation. Together, we are introducing the Vicinity Autonomous Lightning E.V., a medium-duty, fully electrified, low-floor automated transit bus that prioritizes accessibility, sustainability, and innovation. Our commitment to safety and accessibility is evident in our projects. ADASTEC and Vicinity are driving innovation in the mobility sector, and we are eager to make a positive impact on communities and passengers alike."
Dr. Ali, Chief Executive Officer of ADASTEC, emphasized this partnership's potential: "ADASTEC is dedicated to solving modern city problems with automated public transportation, providing high-quality transportation to underserved communities while reducing traffic congestion and carbon emissions. To achieve scalability, we partnered with OEMs from the beginning instead of retrofitting or trying to develop our vehicle. This allows us to leverage more than 100 years of experience in the automotive manufacturing industry. Our partnership with Vicinity will bring FMVSS, ADA, and Buy America-compliant automated buses to the North American market. By reusing our experience in global deployments, we will provide the best solution to North America, which is the largest and highest growth rate market for automated transportation solutions."
Brent Phillips, Senior Director of Sales of Vicinity, expressed enthusiasm for the partnership's impact: "Our partnership with ADASTEC is a game-changer, marking a new era in public transportation solutions for the United States and Canada. We are fortunate to lead the industry, delivering the first Buy America fully FMVSS-compliant low-floor bus."
William Trainer, Founder, and Chief Executive Officer of Vicinity, stated:, emphasized the strength of their partnership: "Over the last year, we have worked closely with ADASTEC, recognizing our leading position in the industry, to formalize our partnership agreement while jointly pursuing opportunities to deploy autonomous solutions. Taking this time to get it right has produced the ultimate benefit of a robust partnership. ADASTEC's extensive experience in SAE Level-4 automated driving software platform complements our expertise, setting the stage for pioneering advancements in the field."
This groundbreaking partnership between Vicinity Motor Corp. and ADASTEC Corp. represents a monumental shift in transportation and urban planning for smart cities. Together, they are committed to driving innovation, accessibility, and sustainability, with a vision to create advanced and environmentally friendly transit solutions that integrate seamlessly into the fabric of smart cities. This partnership is set to reshape the mobility industry, offering communities and passengers a more connected and sustainable urban future.
About ADASTEC Corp.
ADASTEC Corp. is a pioneering software company dedicated to advancing automated and connected public transportation vehicles. Leveraging its proprietary software platform, flowride.ai, and sensor stack, ADASTEC enables electric public transit buses to achieve SAE Level 4 autonomy. With a global presence, ADASTEC collaborates with bus OEMs worldwide, with deployments in the U.S., Europe, Asia, and Australia/Oceania. The Company is headquartered in Michigan, USA, with additional operations in Istanbul, Turkey, as well as offices in Brabant, the Netherlands, and Stockholm, Sweden. For more information, please visit www.adastec.com.
About Vicinity Motor Corp. (VMC)
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.
ADASTEC Media Contact:
Corporate Communication and Marketing Lead
+1 (989) 493-4723
Vicinity Company Contact:
VP Corporate Development