The Vicinity 1200 is a medium-duty electric truck with 6,000 pounds load capacity, a 150-mile range from a 150 kWh battery, a top speed of 65 mph and an 8 kW onboard charger. “We are confident in our ability to scale production given that the VMC 1200 supply chain is largely unaffected by the global pressures impacting the transit bus business.” “This new US$30 million credit commitment with our partners at RBC and EDC will prove invaluable as we begin to ramp VMC 1200 production, providing us with the working capital necessary to monetize our significant 1,100-unit order backlog,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. In addition to the $30 mn credit commitment for the VMC 1200 trucks, RBC will continue to provide Vicinity with CAD$10 million for use with its existing bus orders and a US$3 million letter of credit facility. The credit now granted by the Royal Bank of Canada and Export Development Canada may be used for up to 100% of eligible production costs on the vehicle, excluding labour and overhead from Vicinity’s assembly plants, so the agreement. The company started building the Class 3 truck in 2022 in its Aldergrove, British Columbia, facility and shifted to a new factory in Ferndale, Washington, with 10,000 units of annual capacity the same year. These were in addition to existing orders worth millions to Vicinity. In  October last year, distributor Pioneer placed an order for 1,000 electric trucks with Vicinity and expected deliveries to commence immediately. With orders having accumulated, Vicinity is in line to deliver. Vicinity Manufacturing understands the unique challenges of batch manufacturing and addresses these issues in an easy and affordable solution.Canada Electric trucks Export Development Canada manufacturing Royal Bank of Canada USA Vicinity MotorĬanadian commercial EV manufacturer Vicinity Motor has secured $30 mn in credit commitments from two Canadian institutions to fund the production of the company’s class 3 electric truck. As a Microsoft Silver Certified Partner, Vicinity Manufacturing will help put together the missing ingredient in your batch manufacturing business solution. Whether your business is running Microsoft Dynamics GP, Microsoft Dynamics SL, and Microsoft Dynamics NAV or completely new to the benefits of Microsoft Dynamics, Vicinity will work with you to streamline the coordination of raw materials to finished goods increasing productivity and profit. Our solution extends to the industry leading Microsoft Dynamics financial and distribution family to deliver a powerful and flexible ERP solution. Vicinity Manufacturing is a software solution designed exclusively for the process manufacturing industry. To learn more about the Vicinity 4.13 or to schedule an online demonstration, call 77 x. Our quartet cadence allows us to develop at a pace to quickly react to customer requirements and continue to grow our offering." says Vicinity Manufacturing CEO, Randy Smith.Īs a Microsoft Silver Certified Partner, Vicinity Manufacturing provides the missing ingredient in your formula manufacturing business solution. "Version 4.13 is the fourth consecutive quarterly release. As with previous editions of Vicinity, version 4.13 addresses all fundamental business operations inherent to batch manufacturing - recipe management, lot tracking and recall, batch ticket processing, tracking quality control test results, scheduling, and compliance documentation. With over 25 years of industry experience in formula manufacturing, Vicinity understands the distinct needs of process manufacturers. Vicinity continues to extend the industry leading Microsoft Dynamics financial and distribution suite of products to deliver a powerful and comprehensive ERP solution. It also increases efficiency by providing the tools formula manufactures require to analyze and process production data.Įnhancements to Vicinity 4.13 include enhanced formula entry, improved facilities set-up, upgraded batch entry, enriched production calendar, and production set up utilizing Microsoft Dynamics NAV bin support. The latest version - Vicinity 4.13 - empowers batch manufacturers to be more effective. While the process manufacturing industry continues to evolve - so does Vicinity. Vicinity streamlines the conversion of raw materials to finished goods improving productivity, identifying product loss, and increasing profit for formula manufacturers. ATLANTA, GA, Febru/24-7PressRelease/ - Vicinity Manufacturing announced today the release of Vicinity 4.13, the newest edition of the company's formula manufacturing software solution.
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