More than 300 commercial trucks and just under 30 transit buses built by Aldergrove-based Vicinity Motor Corp (VMC) are being auctioned off by FTI Consulting Canada, the receiver in charge of the debt-ridden company that got its start supplying buses to BC Transit around 2008. 

FTI estimates the vehicles combined value at $35.4 million. 

Almost all are electric with a handful of gas, diesel, and CNG power trains.

Shop equipment, furniture, and spare parts, "collectively valued" at $4 million are also being auctioned off.

And, bidders are being invited to "explore exclusive rights to acquire key assets, including intellectual property (IP), for VMC鈥檚 designs and its associated agreements" with an estimated value of $13.1 million.

An FTI written "invitation to purchase" posted online said the vehicles are at four locations in the U.S. and Canada: Aldergrove, Ferndale, Wash., Saint-Jean-sur-Richelieu, Que., and Dexter, Mich.

Ferndale has the most vehicles, 196 trucks.

Deadline for bids is Feb. 20.

"This process does not include offers for real estate," the notice said.

"A separate sale process will be conducted for the Ferndale property."

Last October, Vicinity shut down after the Royal Bank of Canada obtained a court order forcing the firm into receivership, where a secured creditor or the court appoints a receiver to take control of a business' assets and sell them to repay a loan.

Vicinity owed $69 million, half of it to the Royal Bank and Export Development Canada, and the rest to a long list of foreign and domestic businesses.

A tally of creditors published by FTI Consulting Canada Inc. shows Vicinity owes $22.4 million to the bank and $11.9 million to EDC, the federal agency that provides assistance to Canadian companies trying to expand into international markets.

Both are the only secured creditors listed, meaning they have the right to be paid before any of the others on the list.