The Lion Electric Company (NYSE: LEV) has established a new division committed to offering customers flexible funding solutions specifically customized to the medium and heavy-duty electric vehicle market. The new division of the company is named as LionCapital Solutions. The new division will utilize Lion's current vehicle funding alternatives.

LionCapital Solutions will market a programmatic financing offering that can be implemented at a huge magnitude and is particularly meant for Lion school buses, Lion trucks, and linked charging infrastructure, including loans, leasing, and monetization of carbon credits.

Furthermore, Lion is committed to providing its clients with an all-in-one solution to revitalize their fleets and make the shift to zero-emission vehicles as simple as possible. Lion will directly incorporate funding and carbon credit monetization into the Lion ecosystem, which encompasses grants, charging infrastructure services, telematics, training, vehicle maintenance, and more, with the inclusion of LionCapital Solutions.

LionCapital Solutions Leadership

Additionally, William Blanchard, who formerly held prominent roles in financial firms and has vast experience in completing complicated financing deals, will oversee LionCapital Solutions. Mr. Blanchard most recently worked at BMO Capital Markets as a Director in Investment Banking.

Moreover, to integrate financing options into Lion's comprehensive fleet electrification package, the new division will collaborate with the company's commercial, operational, and finance teams. LionCapital Solutions will increase finance availability, reduce, or minimize upfront capital requirements. It will also streamline the financing process, and eventually provide consumers with a lower total cost of ownership from day one.