Federal government, through the Strategic Innovation Fund, commits an additional $15M to Nova Bus
by CM Staff
The investment includes the upgrade of the company's Québec manufacturing facilities in Saint-Eustache and Saint-François-du-Lac and the introduction of innovative energy-efficient processes and digital technologies to increase operational efficiency.
MONTREAL — On June 8, Nova Bus, a division of the Volvo Group and a North American transit bus manufacturer, announced further investments into its journey towards electromobility, and the modernization of its manufacturing facilities and processes. The Government of Canada will, through the Strategic Innovation Fund, make a financial contribution of $15 million toward a total investment of $184.8 million.
The investment includes the upgrade of the company’s Québec manufacturing facilities in Saint-Eustache and Saint-François-du-Lac and the introduction of energy-efficient processes and digital technologies to increase operational efficiency. In addition, this will strengthen the company’s research and development abilities towards zero emission transit buses. The Government of Canada’s contribution will support Nova Bus’ Transformation Project and electrification strategy, which began in 2017. The plant modernization phase began in the fall of 2020 with the expansion of the Saint-François-du-Lac facility and the addition of manufacturing capability in the Saint-Eustache area.
“As we continue to safely restart our economy, it is important to do so in a strategic way and with a long-term vision. One of the ways to achieve this is by helping Canada and businesses here at home become world leaders in green transportation manufacturing. Nova Bus is a vital part of this journey toward electrification and a future marked by sustainable growth, dependable jobs and global leadership. Our government will continue to support businesses to ensure they can participate in the efforts toward a clean growth economy, including by investing in sustainable public transit and zero-emission vehicles.” said François-Philippe Champagne, Minister of Innovation, Science and Industry.
“We are thrilled to continue to invest in the modernization of our facilities and to integrate new technological processes to produce buses that meet the needs of our customers and transit users,” said Ralph Acs, Senior Vice President, Region North America for Volvo Buses and President of Nova Bus.