Lion Electric to launch a financial service for commercial EVs (LionCapital Solutions)

North American electric vehicle manufacturer Lion Electric launches LionCapital Solutions, a new division dedicated to providing customers with flexible financing solutions specifically tailored to the medium and heavy-duty electric vehicle market.

The newly-opened division leverages the existing vehicle financing alternatives. LionCapital Solutions will commercialize a programmatic financing offering that can be deployed at scale and is specifically designed for Lion school buses, Lion trucks and related charging infrastructure, including loans, leasing and monetization of carbon credits.

Lion Electric creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Recently the Canadian Pride Group Enterprises ordered 100 units of Lion Electric’s distribution e-trucks.

LionCapital Solutions will be led by William Blanchard

LionCapital Solutions will be under the leadership of William Blanchard, who previously held senior positions in financial institutions and has extensive experience in executing complex financing transactions. Most recently, Mr. Blanchard served as Director in Investment Banking at BMO Capital Markets.

«At Lion, we always strive to provide our customers with an all-in-one solution to electrify their fleets, easing their transition to zero-emission vehicles. With the addition of LionCapital Solutions, Lion will directly integrate financing and carbon credit monetization into the Lion ecosystem, which includes grants, charging infrastructure services, telematics, training, vehicle maintenance and more», said Marc Bedard, CEO and Founder of Lion Electric. «I am pleased to welcome William to the company and look forward to LionCapital Solutions playing a critical role in putting more all-electric trucks and buses on the road, as our sector continues to move towards an asset-light, as-a-service model».