VCIB & 7Gen Partner to Lead the Charge in EV Fleet Adoption
Vancity Community Investment Bank , Canada’s only values-driven bank and a subsidiary of Vancity Credit Union, last week announced a partnership with Seven Generation Capital , 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.
The partnership between VCIB and 7Gen showcases a new way of business that facilitates the EV fleet transition — a business model made possible thanks to project developers such as 7Gen that offer an end-to-end fleet electrification package. 7Gen’s innovative service offering helps companies understand the various cost structures and select the trucks that work best for them, as well as navigate and choose the best EV infrastructure suppliers for their needs.
“7Gen appreciates the commitment of Vancity Community Investment Bank to help us secure debt financing to enable our last mile delivery client to accelerate their deployment of zero emission vehicles. We will need more financing institutions to value carbon reductions in their capital allocations to realize societal climate positive goals. Additionally, we are seeing more shippers who are including zero emission transportation requirements in their tenders.
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