What is 7Gen?
7Gen operates at the critical intersection of fleet management and sustainable transportation, addressing the complex challenges of electric vehicle (EV) deployment. The company provides comprehensive solutions for fleet operations and sustainability leads, bridging the gaps between investors, owners, operators, charger manufacturers, and policymakers. Through its electric vehicle (EV) and charger leasing model, 7Gen Capital empowers fleet operators to transition to electric medium- and heavy-duty vehicles, thereby accelerating the adoption of cleaner transportation alternatives and supporting environmental sustainability goals.
How much funding has 7Gen raised?
7Gen has raised a total of $44.7M across 3 funding rounds:
Series A
$8M
Debt
$3.2M
Debt
$33.5M
Series A (2022): $8M with participation from Siemens Canada and Fonds de Solidarité FTQ
Debt (2022): $3.2M led by Vancity Community Investment Bank
Debt (2025): $33.5M supported by Zenobe
Key Investors in 7Gen
Zenobe
Zenobe is a leading owner and operator of battery storage, with significant experience in raising debt and equity funding and supporting electric vehicle fleets. Their involvement suggests a strategic alignment with 7Gen's mission in the EV sector.
Vancity Community Investment Bank
Vancity Community Investment Bank is Canada's first values-driven bank, partnering with organizations driving social, economic, and environmental change. Their investment highlights a commitment to sustainable and impactful ventures like 7Gen.
Siemens Canada
Siemens Canada is a technology powerhouse with a focus on electrification and automation. Their participation indicates a strategic interest in the infrastructure and technology supporting EV deployments.
What's next for 7Gen?
The recent major strategic investment in 7Gen positions the company for accelerated growth and expanded market penetration. With substantial capital backing, 7Gen is poised to enhance its leasing models, broaden its network of partnerships with charger manufacturers and policymakers, and further solidify its role as a key enabler of EV fleet adoption. This strategic financing is expected to fuel innovation in EV infrastructure and operational efficiency, driving the company's mission to decarbonize commercial transportation and achieve significant sustainability milestones.
See full 7Gen company page
