Lion Electric sings agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance to provide all-electric buses
February 13, 2023
By Canadian Manufacturing
MONTREAL —The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty vehicles, entered into an agreement with Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, and its related company, ENGS Commercial Finance Co, to provide financing solutions to Lion school bus and truck customers in the United States and Canada through LionCapital Solutions’ vehicle financing program.
“I am very pleased to announce this partnership with Mitsubishi HC Capital Canada and ENGS Commercial Finance Co., and to have financial partners who share Lion’s sustainable transportation vision and values,” said William Blanchard, Head of LionCapital Solutions. “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.”
LionCapital Solutions’ turnkey financing solutions can provide for up to 100 per cent of fleet electrification costs, including the initial cost of the vehicle, charging infrastructure and installation, and thus can potentially completely eliminate upfront capital requirements for fleets to transition to electric vehicles.
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