Ledgebrook, an insurtech MGA startup focusing on middle market E&S, has closed a $4.6M funding round led by Markd with participation by Brand Foundry Ventures

BOSTON, April 25, 2023 — Ledgebrook, a Boston-based insurtech founded in March 2022, has announced that it raised a $4.6M round of funding to scale its flagship non-admitted GL & Supported Excess product & support the development of future offerings.

By leveraging a combination of both the best of modern technology and underwriting expertise, Ledgebrook aims to differentiate itself by offering the fastest, smoothest quoting experience to its wholesale broker partners.

Buoyed by the positive reception to the launch of its first product, Ledgebrook will look to move quickly in staffing up to accommodate demand and recruiting the next set of underwriting leaders to launch additional LOB on the back of the same core tech stack.

Led by Parker Beauchamp at Markd, the round is structured as an uncapped SAFE and brings Ledgebrook’s total funds raised to $8.8M.

“For many reasons, I love and have an immeasurable amount of confidence in Gage, and I want to help him in anyway that I can.” said Beauchamp, “E&S was the largest, most profitable, and most painful to place business in every agency/brokerage operation I have ever been involved in. I’m glad someone is capable and willing to go after it.”

“I’m absolutely thrilled to bring Parker aboard Team Ledgebrook,” said Founder & CEO Gage Caligaris, “his experience of having placed >$1B in premiums as the owner of a retail brokerage makes him uniquely qualified to offer insight and support to Ledgebrook as we grow.”

Ledgebrook’s Seed round was led by Brand Foundry Ventures who, alongside a handful of other angels, added to their investment by participating in the SAFE.

“This opportunistic capital infusion couldn’t come at a better time,” said Caligaris “The unwavering support of trusted partners and a war chest in our back pocket allows Ledgebrook to stay laser-focused on execution in the wake of launching our first product.”

About Ledgebrook

Ledgebrook is a tech-enabled E&S MGA looking to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via their innovative next-gen tech stack. Led by insurance industry veterans, Ledgebrook offers the best of both worlds: deep insurance expertise empowered by the best of modern technology. Visit us at ledgebrook.com

About Markd

Markd is a venture capital company focused on funding and partnering with transformative insurtechs. It pays homage to the insurance industry’s legacy while helping design its future. Markd’s mission is to power substantial work and continually inspire more ideas to prevent hurt and loss.

SOURCE Ledgebrook

Investment from New Mountain – as well as reinvestment from FFL Partners, WestView Capital Partners, and ALKU management – supports ALKU on its plan to surpass $1 billion in revenue by 2025

ANDOVER, Mass., April 25, 2023 — ALKU, a leading specialty staffing firm, today announces a new majority investment from New Mountain Capital, a leading growth-oriented investment firm. Reinvesting alongside New Mountain are FFL Partners, WestView Capital Partners, ALKU Founder & CEO, Mark Eldridge, as well as ALKU management. The investment, which is expected to close in May, marks a major milestone for ALKU, which is projected to exceed $1 billion in revenue over the next few years.

“This partnership supports the entrepreneurial spirit of ALKU and its employees, strengthening our growth path with the expertise of our partners,” said ALKU Founder & CEO, Mark Eldridge. “New Mountain’s experience in human capital management, life sciences, and our other key markets will enable us to draw on a deep network of contacts and knowledge that will support our continued industry-leading growth. We are thrilled that our current partners have decided to reinvest with us, and this continuity will allow for continued execution of the strategies that have worked so well.”

ALKU was founded in 2008 and has quickly become an industry leader, having achieved close to $600 million in revenue and best-in-class organic growth of approximately 30% annually since 2013. New Mountain’s investment will support ALKU’s continued growth, benefiting ALKU employees with opportunities for career development, promotions, and equity ownership.

“Our investment in ALKU is the result of New Mountain’s long-standing effort around the Future of Work and companies that help their clients identify, attract, develop, and retain the talent needed to succeed. Mark and the ALKU leadership team have built a true market-leader that provides highly specialized, expert talent for critical enterprise initiatives in the talent constrained areas of life sciences, enterprise cloud technology, data science and cybersecurity,” said Lars Johansson, Managing Director at New Mountain Capital.

Partnering alongside New Mountain is existing majority investor, FFL Partners, as well as WestView Capital Partners, which will be making its third investment in ALKU. 

“Mark and his team have built the most differentiated high-end, specialty staffing firm in the country, and we’ve been proud to support them over the last four years,” said Cas Schneller, Managing Partner of FFL Partners. “ALKU has tremendous growth potential, and we are excited to welcome New Mountain as a new partner for this next chapter.”

ALKU and its existing investors were advised by William Blair as the exclusive financial advisor and Kirkland & Ellis, Latham & Watkins, and Blank Rome as legal counsel. Ropes & Gray served as legal counsel to New Mountain Capital.

About ALKU
ALKU is the leading contingent staffing firm focused on deploying highly-skilled, specialized consulting resources in the areas of enterprise technology, life sciences, data science, cybersecurity, and government. ALKU is consistently ranked on prestigious ‘Best Places to Work’ lists across the country and has a 15+ year track record of training and developing talent. Given ALKU’s unique culture, focus on training and development, and highly-specialized, division-led operating model, ALKU has grown at an industry-leading pace since its founding in 2008.  

About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, and net lease real estate funds with over $37 billion in assets under management. New Mountain seeks out what it believes to be the highest quality leaders in carefully selected “defensive growth” industry sectors and works intensively with management to build the value of these companies. Additional information about New Mountain Capital is available at www.newmountaincapital.com.

Media Contact:
Brittney Figueira
(978) 587-1616
[email protected]

SOURCE ALKU

LONDON, April 25, 2023 — nChain today announces its partnership with Libraro to revolutionise the book publishing industry with blockchain technology. nChain is investing £2 million into the company and taking a 20% equity stake to drive the development and adoption of Libraro’s solution.

Emerging from the successful and innovative blockchain incubator programme Block Dojo, which forms part of nChain Group, Libraro harnesses the power of crowd reading to connect authors with readers and publishers in an innovative way.

“We’re very excited to partner with nChain and leverage their expertise in blockchain technology,” said Arsim Shilova, Libraro CEO. “Their investment will help us build a state-of-the-art, secure and scalable platform for aspiring authors to showcase their work, protect their intellectual property, and engage with their audience.”

By leveraging nChain’s robust Web3 and Blockchain IP portfolio, the partnership will enhance Libraro’s platform capabilities. nChain will also support Libraro through development and professional services, using their expertise in building apps and providing back-end blockchain infrastructure.

Christen-Ager Hanssen, nChain Group CEO, added that “We’re happy to announce our partnership with Libraro. With our expertise and development capabilities nChain will be their tech partner, using our IP portfolio, to boost their product offering. This solution has the potential to transform the publishing model by empowering readers and helping new writers get published. Our collaboration with Libraro is another great use case in another industry where we are making an impact.”

With the book industry worth $112 billion globally, this partnership aims to create a more open, transparent, and inclusive publishing industry.

About Libraro

Libraro is the world’s first digital literary agent that is creating a decentralized, digital infrastructure to discover new talented authors and offer publishing houses an opportunity to discover fresh and original content. Their scalable, secure and sustainable solution provides a platform for writers to connect directly with readers, build a fan base, and gain valuable insights before the book is published.

SOURCE nChain

HOUSTON, April 25, 2023 — Genesis Park, through its investment fund, GP Capital Partners, LP, is pleased to announce its recent investment in Good Feet Midwest (the “Company”), one of the largest developers and operators of the Good Feet Store. Genesis Park provided a debt and equity investment, alongside Exaltare Capital Management and Tecum Capital, to support the acquisition.

The Good Feet Store, founded in 1992, is a premium brand in the custom-fit orthotic insoles market, with approximately 215 retail locations. The Good Feet Store sells a system of customized orthotics to alleviate intense foot, ankle, knee, hip, or back pain personally fitted to the precise needs and preferences of its customers. Good Feet Midwest, founded in 2000, is the second largest franchisee in the Good Feet Store system with 23 stores located across Florida, Illinois, Iowa, Kansas, Missouri, Nebraska, Oklahoma, Texas, and Wisconsin.

Gina Luna, Managing Partner of Genesis Park said, “The Good Feet Store is a leading retailer in the custom-fitting orthotics market with over 25 years of experience. We are enthusiastic to partner with an experienced investor group and management team to support Good Feet Midwest through this next phase of growth. Exaltare brings invaluable experience having successfully scaled multi-unit franchise systems in the past.”

About Genesis Park

Genesis Park is a Houston-based private credit and equity investment firm. Its current investment fund, GP Capital Partners, LP, is licensed as a Small Business Investment Company (“SBIC”) by the U.S. Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity capital solutions and strategic guidance. Genesis Park generally targets companies with at least $10 million of revenue and $2 million of EBITDA, with proven business models and seasoned management teams. Managed by four experienced investment professionals with broad regional relationships, Genesis Park is committed to partnering with the companies and management teams in which it invests to facilitate growth, transition, and success. For more information, visit www.genesis-park.com.

About The Good Feet Store

Founded in 1992, The Good Feet Store is the market-leading manufacturer and retailer of premium, personally fitted arch supports, with more than 200 retail locations in the U.S. and abroad. Engineered for comfort and pain relief in more than 400 styles and sizes, Good Feet Arch Supports are personally fitted to the precise needs and preferences of its customers and are backed by a Manufacturer’s Lifetime Limited Warranty. The Good Feet Store operates with an end-to-end approach to maximize performance and ensure consistent quality standards. Good Feet Arch Supports are manufactured in a state-of-the-art facility in Carlsbad, California, and supplied exclusively to its retail locations. Each Good Feet Store location is staffed with well-trained Good Feet Arch Support Specialists who provide customers with a no-obligation, free, personalized fitting. To learn more about The Good Feet Store and Good Feet Arch Supports, and to see Good Feet Store reviews from actual customers, visit www.goodfeet.com.

SOURCE Genesis Park

SAN FRANCISCO, April 25, 2023 — AiFlow, the innovative AI-powered market research platform catering to private equity firms, announced today that it has completed an investment round after a successful presentation at Y-Combinator’s Demo Day on April 6.

Co-founded by Nick Manske (Harvard BA) and Josh Gardner (Princeton BS/MS), AiFlow aims to transform how private equity firms conduct competitor analysis and market research. “Our models process and analyze vast amounts of data, including customer reviews and mass web data, in a matter of seconds,” said Nick Manske, Co-Founder and CEO of AiFlow.

“Our software compiles data that would take an entire team of analysts weeks to gather,” he said. “We are also less biased. We don’t care whether a deal moves forward or not. AI doesn’t care about carried interest or success fees.”

AiFlow is supported by a heavyweight team of advisors, including Dr. Karthik Narasimhan, one of the original creators of GPT, Princeton Assistant Professor in NLP, and former OpenAI Research Scientist; Suhit Gupta, Chief Information Officer at General Atlantic; Scott A. Scanlon, CEO of Hunt Scanlon Ventures; and Cody Crook, Managing Director at Hunt Scanlon Ventures. Their combined expertise and industry connections are set to drive AiFlow’s growth and expansion.

“AiFlow has created a powerful new solution to automate real-time market intelligence,” said Mr. Scanlon. “For private equity firms seeking a competitive edge, AiFlow delivers.” 

“Market research is a complex, expensive, and time-consuming process,” said Mr. Crook. “AiFlow is disrupting this space by automating it with state-of-the-art LLMs that create detailed, accurate, and dynamic reports at a fraction of the cost. Nick and Josh have a big opportunity ahead to leverage AiFlow and bring efficiency and scale to the companies they serve.”

The investment round will enable AiFlow to bolster its advanced technology currently being piloted by three large-cap private equity firms with a combined assets under management (AUM) of $300 billion. AiFlow has already demonstrated substantial traction by being admitted to the Y-Combinator Winter 2023 Batch and successfully launching its MVP within a few months.

“There’s never been more data available, but no human has time to consume it all. Large language models are a game-changer,” said Josh Gardner, Co-Founder and CTO of AiFlow. “Our platform replaces the laborious work done by analysts, enabling them to focus on higher-value tasks and decision-making.”

The funding round comes as private equity firms increasingly seek more efficient and accurate ways to source and analyze information. Global AUM has surged to $9 trillion and is projected to reach $17 trillion by 2027. AiFlow’s unique value proposition has already captured the attention of key industry players, and this latest investment is anticipated to further spotlight the importance of large language models.

To learn more about AiFlow and its groundbreaking platform, visit aiflow.solutions 

To listen to the latest ExitUp podcast with AiFlow, click here.

About AiFlow:
AiFlow is an AI-driven market research platform designed to automate competitor analysis and market research for private equity firms. Founded by Nick Manske and Josh Gardner, the company’s mission is to transform the way private equity firms access, process, and analyze data, replacing traditional analyst roles with state-of-the-art AI technology.

Contact: Nick Manske
Co-Founder and CEO
+1.608.304.2048
[email protected]

Related Links
aiflow.solutions  

SOURCE Hunt Scanlon Media

SOURCE Hunt Scanlon Media

Funding will further Ox’s leading innovation—a patented wearable device that directs workflows via artificial intelligence

BENTONVILLE, Ark., April 25, 2023 — Ox, an AI-powered technology platform for frontline operations, today announced the closing of a $12.6 million Series A round co-led by BBG Ventures and MaC Venture Capital. The round also includes participation from existing investors, Cortado Ventures, Revolution’s Rise of the Rest Seed Fund, Florida Funders, KCRise, Tech Square Labs, and Vuzix, and new investors, Atento Capital and Agya Ventures.

Ox’s leading innovation is a patented wearable device experience that features novel voice capabilities and visual-based workflows directed through artificial intelligence. Human centered automation uses intuitive workflows driven by software intelligence to guide operators through their tasks. The technology benefits workers by transforming tribal knowledge into operational procedures, thereby creating an equal playing field for all workers. For many years, automation in the supply chain industry has largely entailed replacing human labor with expensive mechanical and robotic systems that can take years to install. By investing in software that prioritizes human experience, businesses can achieve greater process efficiency across multiple facilities and reduce operating expenses simultaneously.

“Our mission is to use software to improve the experience of frontline teams and drive better business outcomes. We provide advanced tools and capabilities to engage and excite frontline workers, and we prioritize their needs by creating a system that values their work,” said Charu Thomas, Founder and CEO of Ox. “By doing so, we improve operator satisfaction and employee retention rates. At a time when investing in workers is needed, human centered automation is the way forward.” 

The patented Operator Experience (OX) platform has been designed to enhance the usability and effectiveness of frontline workers by providing them with real-time instructions, AI-powered assistance, and the next-generation of industrial devices. The technology has been adopted by multiple Fortune 500 companies and increases operational productivity by over 20%, setting a new standard for efficiency in the industry. Today, the platform powers over $500M in supply chain volume across hundreds of operators.

 “At BBG Ventures, we invest in visionary founders who are creating the next generation of change. Ox is doing just that across supply chain operations, an area that is ripe for digital transformation,” said Susan Lyne, Managing Partner and Co-Founder of BBG Ventures. “We are proud to invest in Ox and their mission to make frontline workers a central part of the solution. As a firm that backs female founders, we are thrilled to partner with Founder and CEO Charu Thomas and the Ox team as they continue to grow their impact.” 

The supply chain faces a significant challenge in attracting and retaining workers, with one million open jobs in warehousing alone and an expected 6% increase in the number of material handling and logistics workers over the next decade according to the U.S. Bureau of Labor and Statistics. To meet the growing demand for efficiency, the global logistics automation market is expected to reach $121.3 billion by 2027, according to a report by Research and Markets. “Unfortunately, the operator has often been the most underinvested component of the supply chain,” notes Tanner Green, Chief Product Officer at Ox, who explains: “The number of jobs and workers is only going to increase, so Ox exists to define the operator experience for the next-generation of frontline workers.”

“As we saw during the pandemic, supply chain management has a long way to go before it catches up with the ever-expanding retail market,” said David Hall, Managing Partner of Revolution’s Rise of the Rest Seed Fund. “We are proud to back Ox once again as they tackle this problem head on by using AI to streamline warehouse management directly from Bentonville, Arkansas, a city that has emerged as a logistics and supply chain leader.” 

The funding will be used to fuel customer expansion, scale additional use cases, and further pioneer the human centered automation category throughout frontline operations. 

About Ox

Ox, founded in 2019, is an enterprise software provider that develops human centered automation technology to increase frontline efficiency across industrial operations. The company’s patented Operator Experience platform integrates with existing systems to help supply chain companies design intelligent applications. Ox is on a mission to revolutionize the cultural relationship with automation to one that enhances and supports the worker. Ox has secured over $16 million in venture funding from top-tier firms such as MaC Venture Capital, BBG Ventures, and Revolution’s Rise of the Rest Seed Fund. Headquartered in the heartland of the United States in Bentonville, Arkansas, Ox has been featured in Forbes, Business Insider, The Wall Street Journal, and The New York Times.

Media Contact
Tanner Green
[email protected] 
(479) 466-9603

SOURCE Ox

Strategy pairs strong investing acumen with deep operating expertise to build durable, industry-leading software businesses with accelerated and responsible growth

Operating model supported by network of proven and highly respected executives from leading enterprise software businesses

ServiceNow will serve as a strategic partner and an anchor investor in Smith Point Capital Fund I

SAN FRANCISCO and NEW YORK, April 25, 2023 — Smith Point Capital, LLC (“Smith Point”), an operator-led enterprise software venture investment firm, today announced the launch of the firm and the first closing of its inaugural fund, Smith Point Capital Fund I. Smith Point Capital was founded by CEO Keith Block, former Co-CEO of Salesforce, together with Burke Norton and Chris Lytle, long-time software industry executives and investors. The Smith Point team’s decades of experience as highly successful enterprise software operators and investors forms the foundation of the firm’s differentiated strategy. The firm’s approach focuses on collaborating with, and investing in, the most innovative software businesses to implement proven, best-in-class revenue growth, innovation, and operational strategies to dramatically accelerate financial and market success. Smith Point has set a hard cap for investor commitments of $400 million for Fund I.

With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm’s launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses.

“Over the course of my career, I’ve seen the power of putting the right investment together with the right operational expertise to accelerate growth and build industry-leading businesses,” said Keith Block, Founder and CEO of Smith Point. “We founded Smith Point to meet the needs of growth-stage enterprise software entrepreneurs who need capital and real-world operational guidance from industry veterans in order to achieve the full potential of their businesses. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.”

ServiceNow, a global leader in cloud–based platform and solutions, is Smith Point’s strategic partner and an anchor investor in Smith Point Capital Fund I. The company’s cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile.

“Keith and the Smith Point team have an exceptional track record of success in the software industry,” said ServiceNow Chairman and CEO Bill McDermott. “Smith Point’s differentiated, operator-led investment strategy aligns with ServiceNow’s strategy, which is focused on fostering innovation in companies and markets at the leading edge of digital transformation. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.”

Additional investors which participated in the first closing of Smith Point Capital Fund I include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and individuals.

Differentiated Enterprise Software Investment Strategy

The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. In addition, Smith Point’s Managing Directors each have decades of experience building enterprise software businesses, fueling innovation, and implementing proven operational strategies to dramatically grow and scale some of the world’s leading enterprise software companies. The team’s expertise spans the most important attributes of enterprise software business success, including product innovation, go-to-market and ecosystem strategies, leadership and talent, customer success, and platform differentiation. The firm believes that the combination of software investing acumen and operating expertise makes Smith Point Capital uniquely qualified to address the needs of software companies operating in today’s challenging environment.

A critical element of the firm’s strategy includes the Smith Point Precision Advisory Network, which is comprised of industry-leading senior executives currently operating at many of the most innovative software companies in the world. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. 

Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company’s Board of Directors. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vista’s Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital.

For more information, visit www.smithpointcapital.com.

About Smith Point Capital, Ltd.

Smith Point Capital was founded by leading enterprise technology operators and investors. The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth, innovation and operational strategies to dramatically accelerate financial and market success while building durable, industry-leading businesses.

Contacts

Media
Christina Stenson, Gladstone Place Partners
415-831-7478
[email protected]

Jennifer Yank, Gladstone Place Partners
212-230-5930
[email protected]

Investors
Katie Rodday, Smith Point Capital
[email protected]

SOURCE Smith Point Capital

Ventra Health welcomes finance veteran as the latest addition to its Executive Leadership Team

DALLAS, April 25, 2023 — Ventra Health is pleased to announce David Scharfstein has joined the organization as Chief Financial Officer. “We are thrilled to welcome David to Ventra Health,” said Ventra Health CEO Steven Huddleston. “With his extensive financial management experience and proven track record of success, we are confident David will make an immediate and positive impact.”

David comes to Ventra Health with over 15 years of progressive financial leadership experience across various industries. He has a proven record of leading highly productive and diverse teams, driving complex business transformations, translating raw data into actionable insights, and establishing financial discipline in private equity-backed portfolio companies. In his most recent role, David served as Chief Financial Officer for Hotel Equities, a best-in-class owner, operator, and development firm managing a portfolio of 250+ hotels and resorts throughout the U.S. and Canada. Before Hotel Equities, David was Vice President of Financial Planning & Analysis and later Vice President of M&A Integration & Enterprise Initiatives at EmployBridge, the largest light industrial staffing company in the U.S.

“I am excited to join Ventra Health and to be a part of such a dynamic and innovative team,” said Scharfstein. “I look forward to working with my colleagues to continue to build on the company’s success and drive growth in the years to come.”

About Ventra Health:

Ventra Health is a leading healthcare organization focused on tech-enabled revenue cycle management, practice management, and advisory solutions for hospital-based physicians. Ventra partners with private practices, hospitals, health systems, and physician management organizations to deliver market-leading solutions that solve healthcare providers’ most complex revenue and reimbursement issues. 

Backed by Varsity Healthcare Partners, Ventra Health represents the acquisitions of DuvaSawko, Gottlieb, and Abeo, who collectively served the emergency medicine, hospital medicine, and anesthesia markets.

PR CONTACT:
Ventra Health
Heather Allen
[email protected]

SOURCE Ventra Health

Highland welcomes the second round of funding and looks forward to working with additional school districts to deploy electric fleets

BEVERLY, Mass., April 25, 2023 — Highland Electric Fleets, the leading provider of fleet electrification-as-a-service, celebrates the U.S. Environmental Protection Agency (EPA)’s second round of its Clean School Bus Program announced yesterday. Significantly different from Round 1, which was a lottery-based rebate program, the EPA Clean School Bus Program’s Round 2 will offer $400M in grant funding using a competitive application process that rewards projects demonstrating likelihood of success, relevant experience, workforce development, and cost-sharing, among other factors.

“We’re excited about the second round of the Clean School Bus Program because public-private partnerships like those offered by Highland can provide school districts with expertise, matching capital, and the benefits of lessons learned deploying electric fleets around the country,” said Matt Stanberry, VP of Market Development at Highland Electric Fleets.

“As the largest purchaser of electric school buses in the United States and a pioneer in fleet electrification, Highland is well-positioned to support school districts that want to bring cleaner, healthier electric school buses to their communities,” said Stanberry. “We’ve leveraged EPA funds in the past to serve districts in rural areas like southeastern Illinois and cities like Baltimore, Maryland, and we look forward to continuing to help a diverse set of districts benefit from this program.”

About Highland Electric Fleets
Highland Electric Fleets is the leading provider of electrification-as-a-service for school districts, governments, and fleet operators in North America. Founded in 2019, Highland offers a unique suite of products that make it simple and affordable to upgrade to electric fleets today. Active in 30 states and Canada, Highland is responsible for the first use of electric school buses in a commercial vehicle-to-grid (V2G) program and the largest electric school bus project in the United States to date. To learn more, visit https://highlandfleets.com 

Media contacts
Mission Control Communications for Highland
[email protected] 

SOURCE Highland Electric Fleets