"We made significant moves towards fortifying our balance sheet in recent months as well to support some of these exciting new growth initiatives, supplementing our $20 million line of credit with a $10.3 million debt financing and the proceeds from a US$17 million underwritten public offering. Our entry into the high demand electric truck and electric shuttle bus market is expected to fill in the gaps for periods of lower transit bus deliveries in the future. "While revenues from our transit bus business are at times irregular and see some periods of lower deliveries as illustrated this quarter, per the financial guidance we've released, we are on a trajectory to realize over $140 million in revenue next year - marking what will be a record-breaking year for Vicinity by any measure. "The third quarter of 2021 was instrumental in our foundation building for 2022, having secured exciting new lines of business - namely EV chassis sales alongside EAVX and low-floor electric shuttle bus sales through our new partner Optimal-EV," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. Wainwright 23rd Annual Global Investment Conference, the LD Micro Main Event, the CALACT 2021 Autumn Conference & Expo and the APTA TRANSform Conference & Expo.
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