Highland Electric Fleets has announced the closing of a $75 million preferred equity commitment from Galvanize and affiliates, bringing total preferred equity commitments to $150 million. The capital raise was structured in stages to align with Highland’s deployment timelines and continued national expansion of electric school bus fleets and charging infrastructure, alongside the prior preferred equity commitment from Aiga Capital Partners.
Highland’s Electrification-as-a-Service (EaaS) model simplifies the transition from diesel to electric fleets for municipalities, school districts and fleet operators through its full-service and cost-effective offerings. Highland provides vehicles, charging infrastructure, software solutions and ongoing operational support under long-term service agreements. These contracts align costs with traditional fuel options while creating stable, recurring revenue for the company. In addition, electrifying school buses reduces harmful tailpipe
