Highland Electric Fleets

Highland Electric Fleets

Electrifies school bus fleets with subscription plans

About Highland Electric Fleets

Simplify's Rating
Why Highland Electric Fleets is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Education

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$253M

Headquarters

Beverly, Massachusetts

Founded

2018

Overview

Highland Electric Fleets focuses on converting school bus fleets from traditional fuel to electric power. They provide a comprehensive service that includes project planning, budgeting, and the procurement of electric buses, along with necessary upgrades to depots and training for staff. Their unique subscription model allows school districts to pay based on the miles driven, making it a more affordable option for educational institutions. This approach not only simplifies the transition to electric vehicles but also reduces the financial burden associated with fleet electrification. Highland Electric Fleets aims to support schools in adopting emissions-free transportation while ensuring a smooth and cost-effective transition.

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Simplify's Take

What believers are saying

  • Government incentives are boosting demand for electric school buses.
  • Advancements in battery technology enhance the value of Highland's subscription model.
  • Public-private partnerships open new collaboration opportunities for Highland.

What critics are saying

  • Increased competition from companies like Lion Electric and Blue Bird.
  • Potential delays in government funding for electric vehicle initiatives.
  • Fluctuations in electricity prices could impact subscription plan appeal.

What makes Highland Electric Fleets unique

  • Highland Electric Fleets offers a subscription model based on miles driven.
  • The company provides a full-service solution, including depot upgrades and staff training.
  • Highland focuses on reducing complexity and financial burden for school districts.

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Funding

Total Funding

$253M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Vision Insurance

Dental Insurance

Life Insurance

Paid Vacation

401(k) Retirement Plan

401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 4%

2 year growth

↑ 0%
Newswire
May 8th, 2024
CIB to lend Highland Electric up to $50 million to expand electric school bus fleet in Canada

Leased zero-emission buses to save approximately 5,500 tonnes of carbon emissions Highland Electric Fleets (Canada) ULC, to be the first CIB-funded company to...

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