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.
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