Highland Electric Transportation Raises $253 Million from Vision Ridge Partners, Fontinalis Partners, and Existing Investors
Summary
With technology solutions allowing vehicles to optimally charge and provide grid services, Highland is helping customers improve energy efficiency and resiliency. “Our goal is to use this capital to build the largest electric fleet company that delivers economic and environmental value to our customers and society,” said Duncan McIntyre, Highland Founder and CEO. Additionally, last year’s Federal Energy Regulatory Commission Order 2222 created the nationwide ability to connect vehicle batteries to the electricity grid. Concurrent with the financing Reuben Munger, Justin Goerke, and Nat Kreamer, chief executive officer of the Advanced Energy Economy (AEE) and co-founder of Sunrun (NASDAQ: RUN), are joining Duncan McIntyre on Highland’s board of directors. Today, Highland owns and operates American-made electric vehicles manufactured by North Carolina-headquartered Thomas Built Buses and powered by California-headquartered Proterra, which has announced its plan to go public by merging with Arclight Clean Transition Corp (NASDAQ:ACTC).
Funding
Review available funding amount, funding date, investors, and linked company information related to Highland Electric Transportation Raises $253 Million from Vision Ridge Partners, Fontinalis Partners, and Existing Investors in the interactive ISVWorld profile.