Hexagon Purus has secured up to CAD 8.5 million from The Commercial Vehicle Innovation Challenge (CVIC) in British Columbia, Canada. The funds will support labor and capital expenditure to further develop its leading battery electric vehicle technology for the Tern RC8. The grant is launched under CleanBC Go Electric's Advanced Research and Commercialization (ARC) program which aims to support growth in BC's zero-emission vehicles industry and to create jobs.

The funding, subject to certain milestone criteria being met, will be used at Hexagon Purus' facility in Kelowna for the Tern RC8, a battery electric Class 8 truck tailored for the North American market. The truck will be exclusively distributed by Hino Motors, and the distribution agreement foresees up to 10,000 trucks to be delivered by 2030. The project is expected to result in approximately 40 new positions in Kelowna.