Taiga Motors secures C$40M in funding from Investissement Quebec and Northern Private Capital

On March 17, 2023, Taiga Motors Corporation ("Taiga") entered into definitive subscription agreements for a private placement of C$40.15 million aggregate principal amount of 10% secured convertible debentures due March 31, 2028. The entirety of the Private Placement was subscribed for by two institutional investors, Northern Private Capital and Investissement Québec having respectively subscribed for C$25.15 million and C$15 million of the Debentures.
IQ was established in 1998 to favour investment in Quebec by Quebec-based and international companies.
Taiga Motors Corporation is a Canada-based company engaged in developing and manufacturing of electric off-road vehicles.
McCarthy Tétrault advised IQ with a team led by Patrick Boucher that included Hadrien Montagne, Eve Tessier, Achille Treuil, Marjolaine Hémond Hotte, and Jessica Vona (Business),
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- Hadrien Montagne
Partner, Quebec Region Business Law Group Practice Lead
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