CA - Vicinity Motor secures initial order for 10 commercial EVs from TOK Group

• Vicinity Motor ( NASDAQ: VEV ) on Tuesday has signed distribution deal with Canadian transportation solutions provider - TOK Group.
• The deal is for the supply of Vicinity's VMC 1200 Class 3 electric trucks, which includes the initial commitment for 10 vehicles.
• It follows TOK's recent $3M order for six Vicinity Lightning electric buses for use at the Billy Bishop Toronto Airport .
• "We continue to partner with larger, sustainability-minded North American dealers looking toward the future of electrification for their client's commercial fleets," said William Trainer, Founder and CEO of Vicinity Motor Corp. "TOK has 50 years of experience providing comprehensive, quality services to public and private organizations in the urban mobility, transit and charter tour industries.
• The news has sent VEV shares up 5% in premarket on Tuesday to trade at $1.64 vs. 52-week range of $1.18 - $6.93.

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