What is 7Gen?
7Gen operates at the intersection of fleet operations and environmental sustainability, providing a comprehensive framework for the deployment of electric medium- and heavy-duty vehicles. By acting as a strategic bridge between investors, charger manufacturers, and policy makers, the firm simplifies the complex transition to electric fleets. Its core value proposition centers on an innovative leasing model that mitigates the high upfront capital expenditure typically associated with EV adoption, thereby enabling fleet operators to modernize their assets while adhering to stringent environmental, social, and governance (ESG) mandates.
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 Fonds de Solidarité FTQ and Siemens Canada
Debt (2022): $3.2M led by Vancity Community Investment Bank
Debt (2025): $33.5M supported by Zenobe
Key Investors in 7Gen
Fonds de Solidarité FTQ
A prominent Canadian private equity and venture capital firm that focuses on supporting early-stage ventures and business acquisitions to drive regional economic growth.
Vancity Community Investment Bank
Canada's first values-driven bank, specializing in financial solutions for organizations that prioritize social, economic, and environmental impact.
Zenobe
A global leader in battery storage and electric vehicle fleet management, providing critical infrastructure support for bus and commercial vehicle operators.
What's next for 7Gen?
With this latest capital infusion, 7Gen is poised to expand its footprint in the North American market, focusing on the deployment of large-scale charging infrastructure and the procurement of electric heavy-duty vehicles. The company's strategic roadmap emphasizes the optimization of its leasing platform to accommodate a broader range of commercial clients, from logistics providers to public transit authorities. By integrating advanced data analytics into its deployment strategy, 7Gen aims to reduce operational friction for its partners, ensuring that the transition to electric power is both economically efficient and operationally seamless. As the regulatory environment continues to favor zero-emission mandates, 7Gen is strategically aligned to capture significant market share in the burgeoning green logistics sector.
See full 7Gen company page
