A group of seasoned Quebec investors has successfully acquired LION, focusing on electric school buses and ensuring the company's commitment to local production and service.

Target Information

The transaction marks the beginning of a new market-focused approach in Quebec, specifically catering to the electric school bus sector. On May 23, 2025, a group of seasoned Quebec-based investor-entrepreneurs announced the official acquisition of LION, previously known as "Lion Électrique." This acquisition follows the approval of the deal by the Superior Court of Quebec, ensuring that the company remains anchored in the local market and preventing the takeover of a strategic industrial asset by foreign interests.

The new ownership aims to streamline the company's operations by exclusively focusing on electric school buses that are fully assembled in Quebec for the local market. This strategic refocus will enable LION to resume production activities, continue supporting its hundreds of clients, and maintain the servicing of its fleet of approximately 1,000 electric school buses currently in operation across Quebec.

Industry Overview

The electric vehicle (EV) industry, particularly in the context of electric school buses, is rapidly gaining momentum in Canada. Quebec, in particular, has established itself as a leader in the adoption and implementation of green technologie