With the transition to electric vehicles (EVs) underway across North America and commercial fleets faced with the challenges of meeting new sustainability standards, Vancouver’s 7 Generation Capital (7Gen) is helping fleets pivot sooner rather than later.
By focusing its turn-key charging infrastructure and vehicle leasing solutions on the delivery and waste-hauling segments, 7Gen is making the transition as efficiently and cost-effectively as possible.
7Gen is a startup that provides end-to-end services for medium- and heavy-duty vehicles like delivery trucks, fire trucks and garbage trucks. Launched in 2020, the startup helps fleet operators roll out zero-emission vehicles (ZEVs), including leasing, managing charging infrastructure, and project feasibility. 7Gen raised $20 million from Spring Lane Capital last year.
When IKEA Canada began falling behind in its goal of having 100-percent zero-emission home deliveries by 2025, 7Gen came forward to help IKEA’s delivery partners navigate and manage financial risk and deployment complexities. Now, the first Class 6 delivery trucks are arriving in Vancouver, Montreal and Toronto this winter.
When the Joliette Regional County Municipality broke new ground by ordering Quebec’s first electric garbage truck, 7Gen was there to provide financing and line up a residual buyer to ensure that Canada’s first deployment of a Lion 8 vehicle will set the standard for many others to follow.
Zero-emission tech for commercial vehicles is increasingly available and more cost-competitive than ever, with recent research by Geotab finding that close to two-thirds of commercial operations in North America would save money if they transitioned to electric fleets.
With transportation making up a quarter of Canada’s GHG emissions, and with freight and waste hauling making up half of those, 7Gen’s barrier-busting services are here for the long-haul.
Photo: Ikea Canada