Lion Electric logo — The Bright Move

Lion Electric

The Bright Move

Founded 2008 Canada Canada 497 employees Post-IPO Debt Total: $449.75M Industrial, Manufacturing +1

General Information

Company Name Lion Electric
Founded Year 2008
Location Canada Canada
Employees 497
Industries Industrial, Manufacturing, Automotive
Funding Stage Post-IPO Debt
Social

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About Lion Electric

Lion Electric is a Canadian manufacturing startup founded in 2008. The company's mission is to revolutionize the transportation industry by producing all-electric heavy-duty vehicles. Lion Electric specializes in designing and manufacturing all-electric urban commercial trucks and buses, with a focus on improving the environmental footprint of the industry.

The company recently received a significant investment of $142.00M in post-IPO debt funding on 17 July 2023. This investment was led by notable backers including Fondaction, Investissement Québec, Mirella and Lino Saputo Foundation, Groupe Mach, and Fonds de solidarité FTQ.

Lion Electric's slogan, "The Bright Move," reflects its commitment to driving positive change in the industry. The company's dedication to creating sustainable solutions in response to the current climate challenges demonstrates its potential to make a significant impact on the community and the environment.

Taxonomy: Electric Vehicles, Zero-emission Vehicles, Heavy-duty Vehicles, Urban Transportation, Environmental Sustainability, Energy Transition, School Transportation, Commercial Trucks, Buses, Minibuses, North American Leader, Vehicle Manufacturing, Battery Technology, Chassis Design, Mass Transit

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $142.00M 5
Fondaction, Investissement Québec +3
17 Jul 2023
Post IPO Equity $57.50M -
17 Jan 2023
Post IPO Debt $50.00M 2
Finalta Capital, Caisse de Depot et Placement du Quebec
09 Nov 2022
Post IPO Equity $249.95K 1
Marc Bédard
30 Aug 2022
Post IPO Equity $200.00M -
07 May 2021
Private Equity Round Undisclosed 1
XPND Capital
29 Apr 2015

Lion Electric Alternatives & Competitors

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Lion Electric vs
Optare PLC
Optare PLC United Kingdom

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Lion Electric vs
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Lion Electric vs

At REV, we design and manufacture zero-emission, all-electric vehicles based on the most popular fle...

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FAQ About Lion Electric

The Bright Move
Lion Electric was founded in 2008.
Lion Electric is headquartered in Canada.
Lion Electric operates in Industrial, Manufacturing and Automotive. Its work centres on Electric Vehicles, Zero-emission Vehicles, Heavy-duty Vehicles and Urban Transportation.
Lion Electric has approximately 497 employees.
Lion Electric has completed 6 funding rounds, raising a total of $449.75M. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Lion Electric include Optare PLC, Autocar Trucks, Rapid Electric Vehicles (REV), Bako Motors SAS, Mullen Automotive. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lion Electric and Optare PLC are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Lion Electric, https://bouncewatch.com/company/lion-electric, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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