CDPQ and Finalta Capital support Lion Electric's growth strategy with $30-million bespoke financing
Summary
"With growing demand and fleet owners wishing to make the transition toward electric vehicles, this new credit facility provides an additional tool to finance our activities at a critical moment in our growth. ""Finalta Capital is happy to continue supporting Lionnow in close collaboration with CDPQin its efforts to propel the electrification of transport using cutting-edge technology entirely developed in Qu\xe9bec. We are also proud to benefit from the trust of CDPQ as a partner in this strategic and tailored financing for Lions capital structure," said Pierre-Luc Labelle, President and COO at Finalta Capital.Lion Electric is an innovative manufacturer of zero-emission vehicles. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.Lion Electric, The Bright MoveThelionelectric.comFinalta Capital is the largest private debt fund in Canada in the financing of tax credits and government grants, supporting rapidly growing, innovative companies by providing enhanced, non-dilutive liquidity based on tax credits and grants receivable with disbursements made in advance of expenses eligible for incentive programs.Finalta Capital lends double the funds based on the same tax credits and grants compared to the basic financing offered by other financial and government institutions.At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress.