Vicinity Motor Corp. Announces Partnership With ADASTEC For Automated Transit Buses
Portfolio Pulse from Benzinga Newsdesk
Vicinity Motor Corp. (NASDAQ:VEV) has announced a partnership with automated driving software platform provider ADASTEC to create an SAE Level-4 automated Vicinity Lighting EV transit bus for the North American market. The partnership aims to revolutionize the mobility sector with automated, connected, and shared solutions. The collaboration combines Vicinity's expertise in medium-duty, accessible, fully electrified low-floor transit vehicles with ADASTEC's automated driving software platform, flowride.ai.
October 03, 2023 | 12:38 pm
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Vicinity Motor Corp.'s partnership with ADASTEC to create an automated transit bus could potentially revolutionize the mobility sector and boost the company's market position.
The partnership with ADASTEC allows Vicinity to leverage its expertise in electric vehicles with ADASTEC's automated driving software, potentially creating a unique and innovative product that could disrupt the mobility sector. This could lead to increased demand for Vicinity's products, positively impacting its stock price.
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