Lion Electric Co (LECO) is a leading designer, manufacturer, and distributor of zero-emission vehicles (ZEVs) for the urban transportation sector. Founded in 2008 and headquartered in Saint-Jérôme, Québec, Canada, Lion Electric has established itself as a pioneer in the electrification of commercial vehicles, particularly school buses and urban trucks.
Lion Electric's product portfolio encompasses a range of all-electric vehicles tailored to the specific needs of urban fleets. Their school buses, available in both Type C and Type D configurations, offer a range of up to 155 miles (250 km) on a single charge, making them ideal for daily school runs. Lion Electric's urban trucks, spanning classes 6, 7, and 8, cater to a variety of applications, from refuse and recycling collection to last-mile deliveries. These trucks boast ranges of up to 250 miles (400 km) and are equipped with advanced telematics systems for fleet management and optimization.
Lion Electric's commitment to sustainability extends beyond its ZEV offerings. The company operates its manufacturing facility in Saint-Jérôme with a focus on environmental responsibility, employing energy-efficient practices and incorporating recycled materials into its production processes. Additionally, Lion Electric actively participates in initiatives to promote sustainable transportation and advocate for policies that support the electrification of fleets.
Lion Electric's financial performance reflects its strong position in the growing ZEV market. The company has experienced consistent revenue growth, with a 5-year revenue CAGR of over 100%. This growth is fueled by increasing demand for ZEVs, driven by environmental regulations, government incentives, and the growing adoption of sustainable transportation practices by businesses and municipalities.
As Lion Electric continues to expand its product offerings and strengthen its global presence, it is well-positioned to capitalize on the expanding ZEV market. The company's commitment to innovation, sustainability, and customer satisfaction positions it as a leader in the transition to a cleaner and more sustainable transportation future.