Spring Lane Capital Announces $20M Project Equity Commitment To 7 Generation Capital To Finance Electric Vehicle ("Ev") Projects For Commercial Fleets
Spring Lane Capital Announces $20M Project Equity Commitment To 7 Generation Capital To Finance Electric Vehicle ("Ev") Projects For Commercial Fleets
06/17/21, 10:37 PM
Industry
natural resources
energy
sustainability
Spring Lane Capital, a private equity firm focused on providing catalytic project capital for sustainability solutions in the energy, food, water and waste industries, announced today a project equity commitment by its private fund to 7 Generation Capital ("7Gen"), a developer of commercial electric vehicle ("EV") projects focused on commercial fleets. The $20M equity investment in 7Gen will catalyze the development of commercial EV charging infrastructure throughout Canada. 7Gen provides a unique value proposition as a one stop shop for commercial fleet operators, offering assistance with costing and implementation, access to vehicles and charging infrastructure, as well as ongoing support and maintenance in one convenient package.