Lion Electric Receives Conditional Purchase for 50 Electric School Buses

The Lion Electric Company received a conditional purchase order for 50 all-electric LionC school buses from Highland Electric Fleets ("Highland"), a leading provider of Electrification-as-a-Service for school districts, governments, and fleet operators in North America.

The purchase order is conditional upon the satisfactory grant of non-repayable contributions to Highland under Infrastructure Canada's Zero-Emission Transit Fund ("ZETF"). The new buses are intended to be used on school routes in Alberta, Canada, serviced by Rental Bus Lines Ltd.

"Lion and Highland are both leaders in school bus electrification, sharing the vision of reducing emissions while offering a compelling commercial proposition to fleet operators. We salute Highland and Rental Bus Lines Ltd. for their leadership and we thank them for trusting Lion for this important deployment," said Nicolas Brunet, President of Lion.

"Highland's mission is to make electric fleets accessible and affordable for all, and we are pleased to partner with Lion and third-party fleet manager Rental Bus Lines Ltd. to deploy electric school buses in Alberta," said Duncan McIntyre, CEO of Highland Electric Fleets. "Electric school buses provide an easy and accessible means of transportation for students, and we are excited to partner with strong leaders like Lion and Rental Bus Lines Ltd. to bring clean and reliable transportation to communities across North America."