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Highland Electric Fleets has issued a purchase order for 50 LionC school buses, conditional upon the satisfactory grant of non-repayable contributions to Highland.
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Nicolas Brunet, previously appointed as executive vice president and CFO since 2019, has been appointed president, while Richard Coulombe, the senior vice president of strategic initiatives, takes Brunet's old position.
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The district issued a purchase order for 25 LionC buses using EPA Clean School Bus Program funding.
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The first batteries made at the plant in Mirabel are expected to power the company's LionC and LionD school buses and Lion5 trucks.
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The LionC bus at Bend-La Pine Schools can travel up to 125 miles when fully charged.
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The Montreal-based electric vehicle company reported $46.8 million in revenue for the fourth quarter and overall annual revenue of $139.9 million, with more than 500 vehicles delivered.
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Lion Electric has reached an agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance Co. to provide vehicle financing through LionCapital Solutions.
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Certification of the proprietary battery pack made at the company's battery manufacturing facility in Maribel, Quebec, is expected in the first quarter of 2023.
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The LionC zero-emission bus went to Maine, funded during the first round of the Environmental Protection Agency’s effort to kickstart interest in cleaner school buses.
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The company delivered 156 vehicles, up 116 compared to the same period last year, with $41 million in reported revenue.
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