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The round included participation from Chevron Renewable Energy Group and Pittsburgh regional investors including: Idea Foundry, Inc., Innovation Works, Richard King Mellon Foundation, and Urban Redevelopment Authority of Pittsburgh.
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Funding for a national electric vehicle charging network was made possible by President Biden’s Bipartisan Infrastructure Law.
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Following the passage of the Infrastructure Investment and Jobs Act, In-Charge Energy has launched a task force that seeks opportunities to fund fleet electrification in the coming years.
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The funding expansion enables Merchants to access $2 billion to lease vehicles and equipment for clients as well as invest in continued growth.
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The funding will help advance Gatik’s autonomous technology and increase its team size. It will also scale its fleet of Class 3-6 multi-temperature Autonomous Box Trucks across new markets.
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As more electric trucks emerge, fleet managers need to improve their understanding of what it will take to procure, maintain, and charge them efficiently.
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IDS is a U.S.-based leader in the provision of enterprise mission-critical solutions for secured finance. The purchase of White Clarke Group, which provides software solutions and consultancy services to more than 100 of the world’s largest banks, captives and independent finance organizations in 30 countries around the globe, makes the combined new business a “software technology powerhouse” serving the $7 trillion secured finance industry globally.
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