HomeLoans7Gen Scores $3.2 Million EV Fleet Adoption Financing

7Gen Scores $3.2 Million EV Fleet Adoption Financing

Vancity Community Investment Bank (VCIB), Canada’s only values-driven bank and a subsidiary of Vancity Credit Union, last week announced a partnership with Seven Generation Capital (7Gen), the first company in Canada that supports fleet operators in deploying electric medium and heavy duty fleets with an electric vehicle and charger leasing model. VCIB has provided 7Gen with a $3.2 million loan to support the purchase and lease of ten EV trucks and the required EV fast chargers to accelerate the delivery of EV fleets in Canada.

VCIB’s $3.2-million loan has paved the way for 7Gen to lease the equipment to GoBolt, a tech-enabled provider of sustainable fulfillment and last mile logistics for retailers and ecommerce brands. This EV fleet is estimated to reduce CO2 emissions by 4,140 tonnes over the trucks’ seven-year lease period. This accounts for an annual reduction of 491…

Read more at cleantechnica.com

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