7Gen claimed that this is the largest private EV debt financing in Canadian history.
Montréal-based Seven Generation Capital (7Gen) has secured $48 million CAD in senior secured debt from Zenobē to scale its commercial electric vehicle (EV) platform across Canada.
Founded in 2020, 7Gen helps businesses electrify their vehicle fleets, providing an EV-as-a-service platform that includes EV leasing, infrastructure deployment, and supporting software. The startup plans to use the funds to finance 400 to 500 new electric vans, buses, and trucks bundled with charging infrastructure, and refinance a portion of its current fleet.
7Gen argues this funding recognizes commercial EV fleets as…
