7GEN
7GEN aims to accelerate the electrification of school buses in Quebec. The investment, initiated and catalyzed by the Greater Montreal Climate Fund, is in partnership with 2 Quebec institutional co-investors.
Investment $500,000
Category Mobility
Type Direct investment
Organization 7GEN
Year 2024
Status In progress
11k
School buses are targeted by this investment, with strong replication potential in Canada and the United States.
2
Quebec institutional co-investors.
65
%Electrified school buses by 2030: that’s the goal set by the Quebec government.
Cost-effective, zero-emission fleet solutions
Financing the electrification of school buses in Quebec
7Gen’s proposal offers a concrete and sustainable solution: the Consortium offer is a turnkey solution that provides lease financing for electric school buses and their charging stations. This model enables small and medium-sized operators, often held back by high initial costs, to adopt electric school buses in a viable and progressive way.
7Gen and its partners are determined to transform the school transportation sector in Quebec, illustrating the positive impact of innovation and cross-sector collaboration on environmental sustainability and public health. This ambitious initiative not only represents significant progress towards a sustainable, low-emission future, but also supports local communities and businesses, and creates an inspiring model for other regions and sectors.
