Alternative Fuels

Lion Electric Co. Announces New Investment Partner

Nicole Schlosser
Posted on November 2, 2017
Lion Electric Co. is partnering with Power Energy Corp. in an effort to distribute and perfect its eLion electric school bus, shown here, as well as to introduce other all-electric buses and Class 5 to 8 trucks. 
Lion Electric Co. is partnering with Power Energy Corp. in an effort to distribute and perfect its eLion electric school bus, shown here, as well as to introduce other all-electric buses and Class 5 to 8 trucks. 

SAINT-JÉRÔME, Quebec — The Lion Electric Co. (formerly known as Lion Bus) announced on Wednesday a strategic investment from Power Energy Corp., a subsidiary of Power Corp. of Canada.

Partnering with Power Energy Corp. as an investor supports Lion’s vision and validates its commercialization and innovation plan to electrify heavy-duty vehicles, according to the manufacturer.

The goal of the investment is to continue to distribute and perfect Lion’s electric school bus, the eLion, as well as introduce other all-electric buses and Class 5 to 8 trucks. Lion is currently developing a small bus that will meet paratransit, school, and public transportation requirements and will launch in 2018, according to the vehicle manufacturer.

“We are proud to have Power Energy as our business partner and investor,” said Marc Bédard, president and founder of Lion. “This partnership will allow us to continue our ascension among global leaders in electric transportation. We will keep innovating to offer ... a complete line of heavy and semi-heavy all-electric vehicles. We believe that this transition will lead to major improvements in our environment and overall quality of life, not only for us but also for our future generations.”  

“Power Energy is proud to partner with Mr. Marc Bédard, who continues to bring forward his vision through effective leadership and innovation,” said Pierre Larochelle, president and CEO of Power Energy. “We fully trust Lion’s ability to further expand and position itself among the international leaders in the transport electrification industry. This new partnership is perfectly aligned with our investment strategy, focused on the sustainable development and clean energy sectors.”

Lion also announced in February that it plans to add a new electric bus manufacturing facility in California. Meanwhile, the manufacturer’s eLion is being deployed in an electric school bus pilot in Minnesota.

Related Topics: alternative fuels, electric bus, Lion Electric Co.

Nicole Schlosser Executive Editor
Comments ( 0 )
More Stories
New research has found that nitrogen oxide emissions measured from propane school buses are about 95% less than those measured from diesel buses. Shown here are Blue Bird Vision propane school buses.
News

Study Shows Propane School Buses Reduce Harmful Emissions

In research conducted by West Virginia University’s Center for Alternative Fuels Engines and Emissions, distance-specific nitrogen oxide emissions measured from propane buses were about 95% less than those measured from diesel buses.

School Bus Fleet ConneX (SBFX) will convene in Scottsdale, Ariz., from April 22 to 24, 2020. Shown here is a roundtable discussion at the inaugural edition of SBFX, which was held in Miami, Fla., in April 2019.
News

School Bus Fleet ConneX to Return in 2020

Next year’s event will bring school bus operators and suppliers to Scottsdale, Ariz., for roundtable discussions, one-on-one meetings, and other networking activities.

Product

Solar Battery Chargers

SolarPulse (SP) 12V battery chargers are designed to maintain and desulfate lead-acid batteries in vehicles, including school buses, and in equipment stored outside.

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!