All-electric school bus manufacturer Lion Electric announced the launch of LionCapital Solutions, a new division dedicated to providing customers with flexible financing solutions specifically tailored to the medium and heavy-duty electric vehicle market.
According to a news release, LionCapital Solutions will commercialize a programmatic financing offering that can be deployed at scale. It is specifically designed for Lion school buses, trucks, and related charging infrastructure, including loans, leasing, and monetization of carbon credits. The program will work with the company's commercial, operations, and finance teams to integrate financing solutions into Lion's turnkey fleet-electrification package. It's intended to maximize access to funding, eliminate, or reduce upfront capital requirements, simplify the financing process, and ultimately allow customers to benefit from a favorable total cost of ownership from day one.
LionCapital Solutions will be led by 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," said Marc Bedard, CEO and founder of Lion Electric. "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."