It’s hard to say when Lion Electric will go public. The company is privately held and doesn’t release much information about its financials or plans for an IPO. However there has been speculation that the electric truck maker could go public via a special purpose acquisition company (SPAC) in the near future.
In December 2020 Lion Electric announced a major investment from Volkswagen Group saying that the partnership would help the company accelerate its growth and plans to go public. At the time Volkswagen Group said it was investing $200 million in Lion Electric as part of a strategic partnership. The investment gave Volkswagen a minority stake in Lion Electric.
So far Lion Electric has raised over $1 billion from investors including Daimler Fonds des solidarités FTQ and the Government of Quebec. The company has also received orders for its electric trucks from major companies like UPS Anheuser-Busch and PepsiCo.
Given the interest from major automakers and investors it’s possible that Lion Electric could go public via a SPAC in the next few years. However it’s also possible that the company will continue to operate as a private company for the foreseeable future.
What is the Lion Electric Company?
The Lion Electric Company is a manufacturer of zero-emission electric vehicles.
When was the Lion Electric Company founded?
The Lion Electric Company was founded in 2009.
Where is the Lion Electric Company headquartered?
The Lion Electric Company is headquartered in Saint-Jérôme Quebec Canada.
Who is the current CEO of the Lion Electric Company?
The current CEO of the Lion Electric Company is Marc Tascherau.
What are the Lion Electric Company’s primary products?
The Lion Electric Company’s primary products are medium and heavy-duty electric vehicles.
What is the Lion Electric Company’s mission?
The Lion Electric Company’s mission is to accelerate the transition to electric transportation.
What are the Lion Electric Company’s values?
The Lion Electric Company’s values are teamwork innovation determination and integrity.
How many vehicles has the Lion Electric Company sold?
The Lion Electric Company has sold over 1000 vehicles.
What are the Lion Electric Company’s current markets?
The Lion Electric Company’s current markets are North America Europe and Asia.
What type of batteries does the Lion Electric Company use?
The Lion Electric Company uses lithium-ion batteries.
What is the range of the Lion Electric Company’s vehicles?
The range of the Lion Electric Company’s vehicles is up to 350 miles.
How long does it take to charge the Lion Electric Company’s vehicles?
It takes about an hour to charge the Lion Electric Company’s vehicles.
What is the top speed of the Lion Electric Company’s vehicles?
The top speed of the Lion Electric Company’s vehicles is 80 miles per hour.
What are the Lion Electric Company’s vehicles used for?
The Lion Electric Company’s vehicles are used for a variety of applications including urban delivery school and passenger buses refuse trucks and utility trucks.
When will the Lion Electric Company go public?
The Lion Electric Company is expected to go public in 2021.
