Vicinity Motor Corp. announced the receipt of a new purchase order from Transdev for forty-two (42) Vicinity Classic buses. Per the terms of the supply agreement, Transdev Canada Inc. has ordered forty-two of the Company's 32-foot Clean-Diesel Vicinity Classic buses for delivery in 2024.

The Company anticipates delivering these vehicles leveraging its existing working capital position, supplemented by its working capital lines of credit. The Vicinity buses will service the greater Montreal, Quebec area.