Zeem Solutions, a zero-emission “fleet-as-a-service” provider, announced a $50 million capital commitment from a fund managed by Arclight Capital Partners, LLC, an infrastructure and energy investor. Funding under the commitment will enable Zeem to expand its business model, providing customers the opportunity to operate battery-electric trucks, vans, and shuttle buses for a flat monthly fee – inclusive of vehicle lease, charging, maintenance, and insurance – at a lower cost than owning and operating a gas or diesel fleet, according to the company.
In conjunction with the ArcLight investment, Zeem Solutions has announced a strategic partnership with LAZ Parking Realty Investors (LPRI), part of LAZ Parking, a privately-owned parking operator. Through the partnership, Zeem Solutions hopes to accelerate growth of its electric vehicle offering by co-developing new charging and service depot locations. LPRI will bring site selection, acquisition, and construction capabilities to Zeem's fleet electrification expertise.
“The investment by ArcLight and our partnership with LPRI allows us to rapidly build out commercial electric vehicle depots at locations across California and beyond,” said Paul Gioupis, co-founder and CEO of Zeem Solutions. “Our growing portfolio of electric vans, trucks, and buses, when bundled with our specialized charging infrastructure and services, will transform the way fleet operators do business using EVs.”
LAZ Parking has a national network of more than 3,500 managed locations in 39 states and 444 cities. Through the partnership, LPRI will become an equity partner in Zeem Solutions.
“Our partnership with Zeem Solutions aligns with our continued focus on cutting edge technology and supports our broader investment to build an expansive network of EV charging solutions,” said Alan Lazowski, Chairman and CEO of LAZ Parking. “As an expert in commercial infrastructure, we provide a critical component to help scale Zeem Solutions’ model nationwide.”
The announcement coincides with Zeem Solutions’ launch of its first LAX-based depot, with nearly 100 currently available electric vehicles, 77 fast charging ports, and 53 Level 2 chargers. At its full planned capacity, the LAX depot will be the largest private commercial EV charging facility in the United States, according to the announcement.
Originally posted on Fleet Forward