Lion Electric Announced Sign MoU with Heritage Romeo Power Fleet Electrification Program

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MONTREAL – The Lion Electric Company announced today it has been selected to participate in the Heritage-Romeo Power Fleet Electrification Program.

The Heritage-Romeo Power Fleet Electrification Program is a collaboration between Heritage, a leader in environmental, sustainability and recycling services, and Romeo Power, an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, to execute on Heritage’s fleet electrification strategy.

Heritage will initially purchase five Lion Electric battery-electric trucks for the 2021 fleet electrification validation program consisting of Class 6 and/or Class 8 vehicles. Subject to the validation program’s success to target specifications with operational excellence experienced, Heritage anticipates purchasing an additional 100 Lion Electric production trucks equipped with Romeo Power battery packs over a four-year period.

The production mix is expected to include 80 Lion8 vehicles and 20 Lion6 vehicles. Upon a successful validation program, production is expected to commence in 2022 with completion in 2025.

“Lion Electric is thrilled to have been selected for the Heritage-Romeo Power Fleet Electrification Program,” said Marc Bedard, CEO and Founder of Lion Electric. “This partnership will enable us to increase the size of our all-electric fleet of commercial vehicles on the road, powered by cutting-edge battery technology of the highest standard – ultimately reducing greenhouse gas emissions and building momentum for zero-emission truck adoption throughout North America.”

“We are excited to have Lion Electric as part of the Heritage-Romeo Power Fleet Electrification Program. Lion Electric is broadly respected for the design and quality of its all-electric buses and commercial vehicles,” said Lionel Selwood, Jr., CEO of Romeo Power. “We look forward to partnering with them as we integrate our leading-edge energy technology into their battery-electric trucks, paving the way for a more sustainable future.”

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