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Romeo Power Secures $234 Million Multi-Year Production Contract With Lion Electric

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  • The contract spans across Lion Electric’s fleet of all-electric class 6-8 commercial urban trucks and all-electric buses
  • Romeo Power enables large-scale sustainable transportation by delivering safer, longer lasting batteries with shorter charge times

Romeo Systems has secured a a multi-year production contract with the Lion Electric Co. a leading OEM in North American electric commercial transportation. The contract is expected to generate $234 million in revenue for Romeo Power over a five-year period beginning in 2021. The contract spans across Lion Electric’s fleet of all-electric class 6-8 commercial urban trucks and all-electric buses.

Lionel Selwood, Jr., chief executive officer of Romeo Power said, “Romeo Power is very excited about this partnership with Lion Electric, which represents Romeo Power’s eighth production contract in North America and nearly doubles our contracted revenue to date. Lion has already proven itself as a formidable leader in the electrification of the transportation industry with its growing fleet of commercial electric vehicles on the road today.This contract demonstrates increasing customer demand for our products, reinforces our ability to turn our pipeline into contracted revenue, and further validates Romeo Power as the industry leader in battery pack and module technology.”

Manufacturing facility in Los Angeles

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Romeo Power enables large-scale sustainable transportation by delivering safer, longer lasting batteries with shorter charge times. It added that the it has a 7 GWh-capable manufacturing facility in Los Angeles, California. Its core product offering is focused on the battery electric vehicle medium duty short haul and heavy duty long haul trucking markets

Marc Bédard, chief executive officer, founder of Lion Electric said, “As a leader in zero-emission heavy duty vehicles, we focus on putting more all-electric buses and other commercial vehicles on roads across North America. We are happy to partner with Romeo Power and use its best-in-class battery technology. We are proud of this association that will help us deploy even more all-electric buses and trucks in the years to come.”

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