The Lion Electric Company went public via a SPAC merger with Northern Genesis Acquisition in a $1.9bn deal.

The Lion Electric Company, a designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, went public via a SPAC merger with Northern Genesis Acquisition, a special purposes acquisition company, in a $1.9bn deal. “Today marks a big step forward in the evolution of Lion, as we accelerate our growth strategy to continue selling all-electric medium and heavy-duty urban vehicles on the cutting edge of technology, while developing new ones. We thank NGA, our investors and our Board of Directors for sharing and supporting our mission of being the leader in our industry as well as our vision which aims at improving our society, our environment and, above all, the quality of life of all around us," Marc Bédard, Lion Founder and CEO.