 Vicinity Motor Corp. TSX-V:VMC announced it has secured US30 million in credit commitments from Royal Bank of Canada RBC and Export Development Canada EDC to fund the production of the companys VMC 1200 class 3 electric truck. The Vancouver-based commercial electric vehicle EV maker said the credit commitment is designed for use with the VMC 1200 all-electric class 3 truck and can be used for up to 100 of eligible production costs on the vehicle, excluding labor and overheads from its assembly plants. 