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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.

Company Info

Company
Spring Lane Capital
Additional Info
In addition to Atlas, the firm has announced additional investment partnerships with platform companies including Aries Clean Energy, Cambrian Innovation, 7 Generation Capital, and Vandalia Growers.