For more information, please visit Company Contact: Poindexter business unit EAVX, the Company's strategic partner, for upfitting into next-generation delivery vehicles. In addition, the Company sells its proprietary electric chassis alongside J.B. 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, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The innovations SDTC funds help solve some of the world's most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with. SDTC is relentlessly focused on supporting our companies to grow and scale in an increasingly competitive marketplace. SDTC supports companies attempting to do extraordinary things.įrom initial funding to educational support and peer learning to market integration, SDTC is invested in helping small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. as they continue to innovate and find cleaner options for moving people."Ībout Sustainable Development Technology Canada (SDTC) Leah Lawrence, President and CEO of SDTC, added: "Vicinity Motor's new Lightning EV bus will give municipalities a way to provide transit options that are both sustainable and accessible to all citizens, SDTC is proud to support Vicinity Motor Corp. With this complementary mission between us, we look forward to our continued relationship with SDTC as a valued partner to enhance our growth and encourage adoption of electric vehicles within the Canadian market," concluded Trainer. "SDTC focuses developing and deploying new technologies with the potential to transform the environmental and economic prosperity of Canada. "As cities and governments around the world continue to establish climate goals, they are rapidly committing the funding needed for zero emission transit options like our breakthrough Vicinity Lightning™ EV. "We are honored and appreciate the significant initial support from SDTC to accelerate the development of the innovative design of the Vicinity Lightning EV which will mitigate exposure to energy and carbon costs," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. This project creates an affordable new class of mid-sized, true low-floor buses, providing maximum versatility and an environmentally responsible alternative to buses with traditional combustion engines. The non-repayable grant from SDTC will help Vicinity Motor to introduce its new all-electric, true low-floor wheelchair-accessible (fully ADA-compliant), mid-sized, medium-duty bus. SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of an initial C$2,570,000 million grant from Sustainable Development Technology Canada (SDTC), a foundation created by the Canadian government, for the development of zero-emission transit busses. Sustainable Development Technology Canada provides $2.6 million grant to support the development of the new Vicinity Lightning EV bus
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