Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has secured US$30M in credit commitments ("credit commitments") from Royal Bank of Canada ("RBC") and Export Development Canada ("EDC") to fund production of the Company's VMC 1200 class 3 electric truck.

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