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

Date Closed

March 17, 2023

Lead Office



40.15 Million CAD

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),