$VEV: Vicinity Motor Corp. - Common Stock

Vicinity Motor Corp. (NASDAQ: VEV | TSX-V: VMC) is a North American supplier of electric vehicles for both public and commercial enterprise use. The company's mission is to accelerate the adoption of electric vehicles by providing zero-emission solutions that are purpose-built for the needs of its customers.

Vicinity Motor's product portfolio includes a variety of electric vehicles, including:

• The Vicinity Metro, a zero-emission shuttle bus that is designed for passenger transportation in urban and suburban settings.
• The Vicinity Box Truck, a zero-emission cargo truck that is designed for last-mile delivery and other commercial applications.
• The Vicinity Star, a zero-emission school bus that is designed to meet the needs of school districts across North America.

Vicinity Motor's vehicles are powered by proprietary battery technology that provides a range of up to 200 miles on a single charge. The company also offers a variety of charging solutions to its customers, including depot charging, on-route charging, and wireless charging.

Vicinity Motor's vehicles are manufactured in North America at a state-of-the-art facility in Canada. The company has a strong commitment to sustainability and social responsibility, and its vehicles are manufactured using recycled materials and processes that minimize environmental impact.

Vicinity Motor is well-positioned to capitalize on the growing demand for electric vehicles. The company has a strong product portfolio, a proven track record of innovation, and a commitment to sustainability. Vicinity Motor is also backed by a strong financial partner, American Electric Power (AEP).

In 2022, Vicinity Motor raised $200 million in funding from AEP and other investors. This funding will be used to accelerate the company's growth and expand its product portfolio. Vicinity Motor is also planning to go public in 2023.

The company is targeting a number of growth opportunities, including:

• The school bus market: The school bus market is a large and growing market, and there is a growing demand for electric school buses. Vicinity Motor is well-positioned to capitalize on this market with its Vicinity Star electric school bus.
• The last-mile delivery market: The last-mile delivery market is another large and growing market, and there is a growing demand for electric cargo trucks. Vicinity Motor is well-positioned to capitalize on this market with its Vicinity Box Truck electric cargo truck.
• The public transportation market: The public transportation market is also a large and growing market, and there is a growing demand for electric buses. Vicinity Motor is well-positioned to capitalize on this market with its Vicinity Metro electric shuttle bus.

Vicinity Motor is a leading provider of electric vehicles for both public and commercial enterprise use. The company is well-positioned to capitalize on the growing demand for electric vehicles and achieve its ambitious growth goals.