Lion Electric has received a conditional purchase order for 200 all-electric LionC school buses from Langs Bus Lines in Ontario, Canada. Deliveries should begin in 2022.
Langs Bus Lines Limited operates over 600 school buses and minibuses in Canada’s Southern Ontario region. The bus operator is already familiar with Lion Electric buses and Langs Bus Lines has been operating a LionC school bus since 2019.
In Canada, the electrification of school buses has been possible thanks to a government initiative. Grants are available for the purchase of electric buses under Infrastructure Canada’s Zero-Emission Transit Fund (ZETF). The above-mentioned purchase will first be possible with the granting of this support, for which Langs Bus Lines has filed a formal application. Lion is due for another, even larger purchase dependent on this fund: In October just passed, Lion Electric received a conditional purchase order for 1,000 all-electric LionC school buses from Student Transportation of Canada (STC).
Under the ZETF program, the Canadian government is aiming to invest $2.75 billion over a five-year period to support both public transport authorities as well as school bus operators to transition their fleets off fossil fuels.
Apart from having literally hundreds of electric school buses on order in Canada, this year, the company announced its IPO and revealed the location of a new plant in Illinois, USA. Lion Electric Shareholders are having a rough year so far with the Stock down 56% YTD.