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Largest All-Electric School Bus Fleet in California Bolstered by 10 Bus Delivery from Lion Electric

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Northern Genesis Acquisition Corp. (NYSE: NGA) reports that its merger partner, The Lion Electric Company, has delivered 10 all-electric LionC school buses to Twin Rivers Unified School District in Sacramento, California. This delivery enhances Twin Rivers' fleet to 40 all-electric buses, making it the largest zero-emission school bus fleet in North America. Funded largely by California Climate Investments and local initiatives, these buses will reduce greenhouse gas emissions by an average of 230 tons per year. Support for charging infrastructure exceeds $4.5 million.

Positive
  • Delivery of 10 all-electric LionC school buses to Twin Rivers enhances the largest zero-emission fleet in North America.
  • Each bus eliminates an average of 230 tons of greenhouse gas emissions annually.
  • Funding from California Climate Investments and local programs supports the transition to electric school buses.
Negative
  • None.

Northern Genesis Acquisition Corp. (NYSE: NGA) announces that its proposed business combination partner, The Lion Electric Company (Lion), has delivered 10 all-electric LionC school buses to the Twin Rivers Unified School District (“Twin Rivers”) in Sacramento, California. With these new buses, Twin Rivers is now operating the largest zero-emission school bus fleet in North America, with 40 all-electric school buses in its fleet. Lion is an innovative manufacturer of purpose-built all-electric medium and heavy-duty urban vehicles and will join the public capital markets through its proposed merger with NGA

“Twin Rivers is the recognized leader in zero-emission school buses, and the numbers speak for themselves — this delivery represents a deeply impressive accomplishment for the school district and zero-emission transportation as a whole, and demonstrates Twin Rivers’ dedication to the health of the local community,” said Marc Bedard, CEO and Founder of Lion. “This milestone delivery serves as an example that electrification of school transportation is not coming tomorrow, it is here now, meeting and exceeding the needs of operators.”

The purchase of 10 LionC all-electric buses have been made possible by California Climate Investments, a statewide initiative that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment — particularly in disadvantaged communities. The electric buses were funded in large part by the aforementioned cap-and-trade dollars, with additional funding from the Sacramento Metropolitan Air Quality Management District, the Sacramento Municipal Utility District and California’s Carl Moyer Memorial Air Quality Standards Attainment Program. The all-electric buses each have a range of 125 miles and will eliminate on average 230 tons of greenhouse gas emissions per year. The Sac Metro Air District, California Air Resources Board and the Twin Rivers School District have collaborated on funding 63 zero-emission school buses in the region to date, with an additional 90 pending delivery in 2021. To support these buses, over $4.5 million has been funded to support the charging infrastructure.

“The Sac Metro Air District is pleased to partner with Lion and Twin Rivers School District. Together, we are at the cutting edge of school bus electrification, bringing zero emission technology to protect our children, but also showing that electric vehicles are real, tangible alternatives to toxic diesel combustion engines,” said Alberto Ayala, Sac Metro Air District’s Air Pollution Control Officer. “This is no longer a pilot demonstration. With support from our partners and Twin Rivers School District’s vision, the Sacramento region can lead the way in the fight for clean air and the transition to

FAQ

What is the significance of the 10 all-electric school buses delivered by NGA's partner?

The delivery marks a significant step in electrifying school transportation, contributing to the largest zero-emission fleet in North America.

How are the all-electric buses funded?

The buses are funded mainly through California Climate Investments, along with contributions from local air quality management and utility districts.

What environmental impact do the LionC buses have?

The LionC buses will eliminate on average 230 tons of greenhouse gas emissions per year.

How many zero-emission school buses are planned for delivery in the Sacramento region?

A total of 63 have been delivered to date, with an additional 90 pending delivery in 2021.

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