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Private company

VICINITY MOTOR CORP

VICINITY MOTOR CORP is a Canadian motor vehicles and passenger car bodies company based in Aldergrove.1

Last updated Oct 21, 2026.

Overview

$19.1MRevenue, fiscal 20232
-$16.6MNet income, fiscal 20232
  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersAldergrove, Canada1
  • Incorporated inBritish Columbia, Canada3
  • Business address3168 262Nd Street, Aldergrove, A1 V4W 2Z63
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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Annual Report and the inclusion of the Corporation’s website address in this Annual Report is an inactive textual reference.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

11.2%Gross margin2
-87.3%Net margin2
3.1%Revenue growth, 20232
-78.5%Return on equity2
-$26.6MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue61¢$16.9M
  • Selling, general and admin35¢$9.7M
  • Interest4¢$1.1M

Out of $19.1M in revenue.2 The company lost money this year.

Financial statements

Revenue52$19.1M in 2023−3% since 2020
0$20.0M$40.0M$60.0M2020: $19.6M$19.6M20202021: $41.7M$41.7M2021+113%2022: $18.5M$18.5M2022−56%2023: $19.1M$19.1M2023+3%
Gross profit52$2.1M in 2023−17% since 2020
0$2.0M$4.0M$6.0M2020: $2.6M$2.6M20202021: $4.2M$4.2M2021+64%2022: $440.0K$440.0K2022−90%2023: $2.1M$2.1M2023+385%
Net income52-$16.6M in 2023+414% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$3.2M-$3.2M20202021: -$7.3M-$7.3M2021+126%2022: -$17.9M-$17.9M2022+145%2023: -$16.6M-$16.6M2023−7%
Fiscal year20192020202120222023
Revenue$19.6M5$41.7M2$18.5M2$19.1M2
Cost of revenue$37.5M2$18.0M2$16.9M2
Gross profit$2.6M5$4.2M2$440.0K2$2.1M2
Selling, general and admin$7.8M2$9.5M2$9.7M2
Interest$1.1M2
Income before tax-$6.9M2-$17.7M2-$16.6M2
Income tax$464.0K2$202.0K2
Net income-$3.2M5-$7.3M2-$17.9M2-$16.6M2
Earnings per share-$0.242-$0.452-$0.362
Earnings per share (diluted)-$0.242-$0.452-$0.362
Shares (weighted, basic)30.8M shares239.7M shares245.6M shares2

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What it owns

What VICINITY MOTOR CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$23.7M2 Dec 31, 2023$22.6M2 Dec 31, 2022+5.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M2 Dec 31, 2023$1.6M2 Dec 31, 2022+24.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$9.8M2 Dec 31, 2023$14.3M2 Dec 31, 2022−31.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$23.3M2 Dec 31, 2023$10.1M2 Dec 31, 2022+131.2%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerBrent Phillips named Aug 1, 20247
  • Executive Officer, DirectorJohn LaGourgue named Aug 1, 20247
  • Executive OfficerMarion McGrath named Aug 1, 20247
  • Executive OfficerTina Stewart named Aug 1, 20247
  • Executive Officer, DirectorWilliam Trainer named Aug 1, 20247
  • DirectorAndrew Imanse named Aug 1, 20247
  • DirectorChristopher Strong named Aug 1, 20247
  • DirectorJames White named Aug 1, 20247
  • DirectorJoseph Miller named Aug 1, 20247

Former names

  • Grande West Transportation Group Inc.Dec 7, 2020 to Dec 7, 20203

Filings

76 filings to the SEC since October 2021: 3 annual reports, 1 private raises, 72 other. The latest 20:

  1. Oct 18, 20246-K EDGAR
  2. Oct 15, 20246-K EDGAR
  3. Sep 25, 20246-K EDGAR
  4. Sep 11, 20246-K EDGAR
  5. Aug 28, 20246-K EDGAR
  6. Aug 21, 20246-K EDGAR
  7. Aug 14, 20246-K EDGAR
  8. Aug 9, 20246-K EDGAR
  9. Aug 1, 2024D EDGAR
  10. Aug 1, 20246-K EDGAR
  11. Jul 18, 20246-K EDGAR
  12. Jul 17, 2024424B5 EDGAR
  13. Jul 1, 20246-K EDGAR
  14. Jun 17, 20246-K EDGAR
  15. Jun 11, 20246-K EDGAR
  16. May 22, 20246-K EDGAR
  17. May 14, 20246-K EDGAR
  18. May 13, 20246-K EDGAR
  19. May 7, 20246-K EDGAR
  20. Apr 24, 20246-K EDGAR

The 76 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$2.5M 2024–2024
Money received by yearMoney received by year, 2024–2024: $2.5M in all. Private raises (Form D) $2.5M.$0$1M$2M$3M2024 · Private raises (Form D): $2.5M2024
Figures by year
YearPrivate raises (Form D)Total
2024$2.5M$2.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 17, 2024Raised $2.5 million in a private offering of securities7 Form D: 1 investor so far Form D

SEC filer profile

How VICINITY MOTOR CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVICINITY MOTOR CORP1
  • CIK0001834975
  • Filer statusNon-accelerated filer<br>emerging growth company1
  • Incorporated inBritish Columbia, Canada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3168 262Nd Street, Aldergrove, A1 V4W 2Z61
  • Phone(604) 607-40001
  • Shares outstanding45,667,706 as of Dec 31, 20232
  • On EDGAR sinceDec 7, 20201
  • Filings99 in all: 6-K (75), SUPPL (3), 20-F (2), 40FR12B/A (2), D (2), EFFECT (2), F-X (2), 25-NSE (1)1
    All 18 form types

    40-F (1), 40FR12B (1), 424B3 (1), 424B5 (1), CERT (1), CORRESP (1), F-10 (1), F-3 (1), SEC STAFF ACTION (1), UPLOAD (1)

  • Latest filingsAnnual report (20-F) Apr 2, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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