Taiga Motors Corp. is trying to secure a lifeline from two key investors as the Canadian maker of electric snowmobiles and personal watercraft admits it is in “serious financial difficulty” and has almost run out of cash.
Led by founder and chief executive Samuel Bruneau, Montreal-based Taiga is trying to revolutionize the power sports industry with its all-electric vehicles – bringing an environmental sensibility to a sector historically hooked on loud revving engines. “We believe Taiga’s first-mover advantage in electrification will enable it to become the leader in the rapidly growing electric powersports industry in the coming years,” NPC co-founder and chief executive Andrew Lapham said in a statement. Investissement Québec CEO Guy LeBlanc said IQ is keen on backing “the development and influence of a world-class player.”
Anybody want to buy a VW from Canada in 7 years? Price Tag only 150 grand by then... No worries, only taxpayers on the hook, nothing to see here, folks.
For whats claimed to be amazing, high demand technology there seems to be a very large number of battery/EV producers who need government handouts to stay afloat….
Didn't Trudeau just take pictures there and wrote them a big cheque. RealAndyLeeShow