- Lion Electric (LEV) has partnered with Mitsubishi HC Capital Canada and ENGS Commercial Finance to provide vehicle financing
- The companies will offer financing solutions to Lion school bus and truck customers in North America through LionCapital Solutions
- LionCapital can provide up to 100 per cent of fleet electrification costs
- The Lion Electric Company designs and manufactures zero-emission vehicles
- Lion Electric (LEV) is up by 2.96 per cent, trading at $3.13 per share
Lion Electric (LEV) is announcing a new partnership to provide vehicle financing.
Partners include Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, which provides customized financing solutions for a wide range of industries, as well as ENGS Commercial Finance, a market-leading commercial finance company.
The combined assets under management of Lion’s two partners is $6.4 billion.
The companies will offer financing solutions to Lion school bus and truck customers in North America through LionCapital Solutions’ vehicle financing program.
LionCapital can provide up to 100 per cent of fleet electrification costs, including vehicle cost, charging infrastructure and installation, potentially eliminating upfront capital requirements for fleets to transition to electric vehicles.
“This agreement will allow LionCapital Solutions to leverage Mitsubishi’s vehicle financing expertise and capital to provide Lion customers with financing solutions specifically designed for Lion school buses and trucks, thereby making it easier and simpler for our clients to secure the financing required for the purchase of their Lion vehicles,” stated William Blanchard, Head of LionCapital Solutions.
“As an organization that provides financing solutions focused on the United Nations Sustainable Development Goals, we firmly believe that electric transportation not only positively impacts our environment but can ultimately improve our quality of life. That makes our partnership with Lion perfectly attuned,” stated François Nantel, President of Mitsubishi HC Capital Canada.
The Lion Electric Company designs and manufactures zero-emission vehicles.
Lion Electric (LEV) is up by 2.96 per cent, trading at $3.13 per share as of 11:35 am EST.