EV fleet-as-a-service provider secures $50M for expansion
Zero-emission “fleet-as-a-service” provider Zeem Solutions is expanding opportunities for companies to operate battery-electric trucks, vans, and shuttle buses for a flat monthly fee, which includes vehicle lease, charging, maintenance, and insurance.
Zeem just announced it has secured a $50 million capital commitment from a fund managed by infrastructure and energy investor ArcLight Capital Partners. In conjunction with the ArcLight investment, Zeem Solutions has announced a partnership with LAZ Parking Realty Investors (LPRI), part of LAZ Parking.
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In a press release, Zeem Solutions said the partnership will enable the company to accelerate growth of its electric-vehicle offering by co-developing new charging and service depot locations as part of an “aggressive national growth strategy.” LPRI will bring site selection, acquisition, and construction capabilities to the joint venture.
“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.
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 U.S., according to a company release.
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“Zeem Solutions is thrilled to establish these relationships with LPRI and ArcLight and to leverage their proven track records in infrastructure funding and development,” said Bruce Shalett, chairman of Zeem Solutions. “Zeem Solutions has a bold goal to scale nationally and make the most energy- and cost-efficient vehicle technologies accessible to all fleet operators. We now have significant capital and an experienced national partner to further our ability to execute this vision.”
The Zeem Solutions EV offering allows fleet operators to overcome barriers to EV adoption, including high vehicle purchase price, limited vehicle inventory, long infrastructure permitting processes and costly installation, complicated hardware and software integration, and specialized vehicle maintenance.
