The Lion Electric Company, a manufacturer of all-electric medium and heavy-duty vehicles, launched LionCapital Solutions, a new division dedicated to providing customers with financing solutions specifically tailored to the medium and heavy-duty electric vehicle market.
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. LionCapital Solutions will work jointly with the company’s commercial, operations and finance teams to integrate financing solutions into Lion’s turnkey fleet electrification package.
William Blanchard, who previously held senior positions at multiple financial institutions and has experience in executing complex financing transactions, will lead LionCapital Solutions. Most recently, 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,” Marc Bedard, CEO and founder of Lion Electric, said. “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.”
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