Feb 23, 2021

Katana raises US$11mn Series A to develop manufacturing ERP

Katana
ERP
SmartManufacturing
Productivity
Georgia Wilson
2 min
Katana smart manufacturing ERP solutions
Katana raises US$11mn in a Series A investment round to accelerate the speed of building and delivering new features...

With ambitions to be “the manufacturing Entrepreneur’s secret weapon,” Katana has raised US$11mn in a Series A investment round “to accelerate the speed of building and delivering new features and continue improving the customer experience.”

Alongside an early investment made by 42Cap, the funding investment round led by Atomico - with participation from several angel investors - brings its total investment funds raised to US$16mn. As part of the investments, Ben Blume, Partner at Atomico will join Katana’s board.

“From the first time we met Kristjan, we were incredibly impressed by the clarity of his vision to transform operations for modern manufacturers globally, and his step-by-step plan for how to achieve this,” commented Ben Blume, Partner at Atomico.

"Atomico has always believed in the strength of Estonian built engineering and product, and as we got to know the team at Katana, we saw a familiar pattern: a relentless product-focused team with the incredible ability to build and think from their customer’s point of view, and an unwavering belief that a new generation of manufacturers with big ideas shouldn’t have to settle for less than world-class technology to support them,” he added.

Future plans for Katana

With ambitions to modernise and enable all manufacturing entrepreneurs across the world access to best in class manufacturing ERP, Katana’s latest investment funds will further the organisation’s plans to help its customers to boost productivity and scale their business, by growing its team and increasing the pace that it can improve its products.

“We will use the funding to scale our team and keep developing the product to serve and delight an even larger number of manufacturers daily and continue to build Katana towards the best manufacturing software for modern manufacturing in the world,” commented Kristjan Vilosius, Katana Co-founder and CEO.

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May 10, 2021

Lion Electric to Construct US EV Manufacturing Facility

ElectricVehicles
SmartManufacturing
Sustainability
Technology
Georgia Wilson
3 min
Lion Electric |Smart Manufacturing | Sustainable Manufacturing | Electric Vehicles | Electric School Buses | Electric Medium and Heavy Duty Vehicles | Sustainability | Technology | Freight | Transportation
Lion Electric announces its selection of Illinois to construct its all-electric medium and heavy-duty urban vehicle manufacturing facility...

Who is Lion Electric?

Founded in 2008, Lion Electric is an innovative manufacturer of all-electric, zero-emissions, medium and heavy-duty urban vehicles. Lion Electric designs, manufactures, and assembles all components for its vehicles that have unique features specifically adapted to the users and their needs. “We believe that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life,” believes Lion Electric. 

Lion Electric’s new Illinois Manufacturing Facility

Just two months after announcing plans to construct a battery manufacturing plant and innovation centre in Quebec, Lion Electric is expanding its locations further, selecting Joliet, Illinois for its new manufacturing facility in the US.

The new facility is said to “represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the US,” as well as being the company’s biggest footprint in the market. The new facility will give Lion Electric the capacity to meet increasing demand for ‘Made in America’ zero-emission vehicles and bring production closer to customers. 

It is expected that the first vehicles off the production line will be in the second half of 2022.

“Lion’s historic investment to bring its largest production facility to Illinois represents not only a win for our communities, but a strong step forward in our work to expand clean energy alternatives and the jobs they bring to our communities,” said Gov. J.B. Pritzker. 

“The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting one million of these cars on the road by 2030. In Illinois, we know that a clean energy economy is about more than just vehicles – it’s about healthier communities and jobs for those who live there. We are excited to welcome Lion to the Land of Lincoln and look forward to their future success here.”

Lion Electric’s Agreement with the Government of Illinois

Over the next three years, Lion Electric will invest a minimum of US$70mn into Illinois. The new facility - totalling 900,000 square feet - is expected to create a minimum of 745 clean energy direct jobs in the next three years, and have an annual production capacity of up to 20,000 all electric buses and trucks.

Scaling electric bus production and decarbonising freight and transportation

As the US moves to electrifying its school buses, the additional production capacity at the facility will help Lion Electric to scale its electric bus production, as well as produce an increased volume of heavy-duty zero-emission trucks to help governments and operators in the US further the decarbonisation of freight and transportation fleets.

“Lion is the leader in electric school buses and has always been dedicated to the U.S. market, and our commitment to be close to our customers is one of the core values we have as a company. This significant expansion into the U.S. market will not only allow us to drastically increase our overall manufacturing capacity of electric trucks and buses but to also better serve our customers, while adding critical clean manufacturing jobs that will form the backbone of the green economy,” said Marc Bedard, CEO and Founder of Lion.

“I also want to acknowledge the crucial role that P33 and Intersect Illinois, civic groups committed to developing developing a long-term roadmap for the local tech industry, played in connecting Lion with the Chicago area’s business and civic community to help further commercial traction, as well as engagement with key workforce and supplier partners.” 

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