Fleet management company, Merchants Fleet, has been named to Fast Company’s annual list of the 50 World’s Most Innovative Companies for 2022. In addition, 528 organizations are recognized across 52 categories.
“We are honored and humbled to be recognized with this esteemed award,” said Brendan P. Keegan, CEO of Merchants Fleet, in a statement. “Innovation is at the core of our culture at Merchants Fleet — it’s the powerful driving force behind who we are and how we inspire and connect with each other as a team, that keeps our company on the cutting edge of the fleet industry.”
Merchants launched a suite of innovative new leasing and financing solutions designed to keep essential businesses on the road during the pandemic. As a result, the company put about 20,000 vehicles on the road in the last mile delivery space delivering 4 million packages per day in a vehicle managed by Merchants at the height of the pandemic, according to the statement.
As the nation sets its sights on achieving long term sustainability, Merchants is paving the way for fleet electrification throughout North America with reservations of nearly 40,000 electric vehicles and $2.5B committed toward having its mobility fleet 50% electric by 2025, and 50% of its clients’ fleets electric by 2030.
“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company deputy editor David Lidsky.