EV-as-a-Service Leader 7Gen Closes $8-million Series A Funding Round

7 Generation Capital (7Gen) announced today the close of an $8-million Series A financing round that will accelerate the deployment of electric trucks and buses through the companys innovative EV-as-a-service model. 7Gens offerings make it much easier and more predictable for a fleet manager to go ahead with an EV deployment project, and this investment shows a lot of confidence in our approach as we scale up to serve the Canadian and American markets, said 7Gen CEO and Co-Founder Frans Tjallingii. The partnership also provides insight and potential synergies in the charging infrastructure side of 7Gens business, as well as the backing of a major multinational company to support scale.Transportation is a significant contributor to greenhouse gas emissions, so the shift to zero-emissions vehicles is essential for the sector to meet global net-zero targets, said FTQ Investment Manager Dany Sarazin-Sullivan. Siemens is investing in the next generation of transportation, and is excited to partner with a company like 7Gen to accelerate the deployment of charging infrastructure and zero-emission vehicles.The complexity involved in electrifying fleets has created an urgent need for third-party simplification, 7Gens Tjallingii said. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure, and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare.