The Lion Electric Company 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.
Building on Lion’s existing vehicle financing alternatives, LionCapital Solutions will market a scalable, programmatic financing offering specifically designed for Lion trucks, Lion school buses and related charging infrastructure, including loans, rental and monetization of carbon credits.
LionCapital Solutions will work jointly with the company’s commercial, operations and finance teams to integrate the financing solutions into Lion’s turnkey fleet electrification package. LionCapital Solutions will maximize access to financing, eliminate or reduce up-front capital requirements, simplify the financing process and ultimately enable customers to benefit from an advantageous total cost of ownership from day one, the company said.
LionCapital Solutions will report to William Blanchard, who previously held management positions in financial institutions and has extensive experience in executing complex financing transactions.
“At Lion, we always strive to provide our customers with an all-in-one solution to electrify their fleets, facilitating their transition to zero-emission vehicles. With the addition of LionCapital Solutions, Lion will directly integrate carbon credit financing and 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 thrilled to welcome William to the company and look forward to LionCapital Solutions playing a vital role in bringing more fully electric trucks and buses into circulation as our industry continues to grow. move towards a lightweight as-a-service model,” says Bédard.