7Gen simplifies the deployment of electric medium and heavy-duty trucks, buses, and vans with a solution that integrates everything needed for the transition to electric.
The B.C. cleantech’s toolkit features custom charging infrastructure, intelligent fleet management, and even financing options.
This month, the Vancouver innovator revealed a partnership with London’s Zenobē, an electric vehicle fleet and grid-scale battery storage specialist.
Established in the U.K. in 2017, Zenobē is today the leading owner and operator of grid-scale batteries on the Great Britain transmission network and is expanding into Canada among other markets.
Zenobē is providing a facility of $48 million in debt financing to 7Gen to scale its commercial EV leasing platform and deploy electric vehicle infrastructure across the country, according to a statement from the firms.
“We’re bringing our innovative funding approach to Canada and specifically to 7Gen,” said Steven Meersman, cofounder of Zenobē.
7Gen will apply the proceeds to finance between 400 to 500 new commercial electric vehicles bundled with charging solutions, while refinancing a portion of its current fleet.
This will significantly grow 7Gen’s fleet and help accelerate the adoption of zero-emission trucks across Canada.
“We see momentum behind decarbonisation in Canada’s supportive government policies and the clean, affordable power that will ensure a lower total cost of ownership for zero-emissions vehicles,” Meersman said.
Founded in 2020, 7Gen supports fleet operators with a comprehensive solution that includes fleet assessments, vehicle leasing and financing, charger deployment, energy management and operational support.
“Zenobē’s debt financing supports 7Gen’s next growth step and allows us to help our customers step up the pace of their EV adoption and benefit immediately from operational cost savings,” stated 7Gen chief
Frans Tjallingii.
Last year, 7Gen was a winner at the BC’s Technology Impact Awards, taking home the title of Gamechanger award for Climate Leadership.
Foresight Canada, the nation’s largest cleantech accelerator, then named 7Gen to the annual Foresight 50 list for the first time.
And in February, 7Gen acquired Silicon Valley startup EnergizedAI.