Taiga Motors Corp TAIMF

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Taiga Motors Corporation is a Canada-based company, which is reinventing the powersports landscape with electric off-road vehicles. The Company is focused on research and development, design, production, marketing and distribution of all-electric powersport vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver to recreational and commercial customers. The Company has developed electric snowmobiles and personal watercraft vehicles. It completed deliveries of 145 vehicles, which consisted of 43 Orca Carbons personal watercraft and 102 Nomad snowmobiles to customers in Canada and the United States. Its Montreal headquarters contain its two leased facilities totaling approximately 180,000 square feet. The Company is developing its Montreal facility.

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Taiga Motors Corp

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Post by Betteryear2on Oct 04, 2023 5:43pm

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Taiga Announces $15 Million Term Loan Agreement

MONTREAL, Oct. 4, 2023 /CNW/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, announced that it has entered into a $15 million Secured Term Loan Agreement with Export Development Canada ("EDC"). The loan will support the Company's continued growth towards producing approximately 1,000 vehicles in 2023.

Taiga Announces $15 Million Term Loan Agreement and Provides a Production Update (newswire.ca)

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