Latest grant underscores Revolv's
success in helping corporations navigate the challenging
application process for the EV fleet transition and access critical
infrastructure funding for fleet electrification
SAN
FRANCISCO, July 16, 2024 /PRNewswire/ -- Today,
Revolv, a leading full-service provider of electric commercial
fleets, announced that it has secured funding that covers 70% of
the total charging infrastructure costs from CALSTART's EnergIIZE
(Energy Infrastructure Incentives for Zero-Emission Commercial
Vehicles) program to help California corporations transition from
combustion to electric fleets. The grant, which Revolv managed for
two of its existing clients, includes a total of $445,000 in award funding.
As an EnergIIZE-approved vendor, Revolv managed and submitted
the comprehensive application to EnergIIZE to demonstrate project
readiness, cost-effectiveness, and community benefits for their
fleet electrification programs. And, after a rigorous application
process, both Revolv's customers – one based in Orange County and another based in
Los Angeles County – were awarded
$367k and $78k, respectively.
"First, we'd like to thank CALSTART for spearheading such an
important program which has become critical in ensuring
California fleets have the
necessary funding to decarbonize their fleets," said Quentin Cole, Director of Infrastructure,
Development & Operations at Revolv. "We're encouraged to see
that two more fleet electrification projects will come to fruition
as a result of California
incentives and are happy to be delivering on our value proposition
to our customers."
Funded by the California Energy Commission's Clean
Transportation Program, EnergIIZE provides reimbursement grants for
infrastructure projects that deploy zero-emission vehicle charging
for medium-duty and heavy-duty commercial fleets. The Electric
Vehicle (EV) Jump Start Funding Lane covers up to 75% of eligible
equipment and software costs related to the acquisition, operation,
and maintenance of chargers, management software, and electrical
infrastructure (including switchgears, panels, conduit, and
meters). This funding lane is intended for fleet users who are
located in or who have at least 50% of fleet operations in
disadvantaged communities.
The next round of EnergIIZE project funding opens today,
July 16, 2024. With 20 current client
sites throughout 10 counties in California, Revolv continues to partner with
corporations looking to electrify their fleets by helping them
through the EnergIIZE application process.
"Investing in fleet electrification throughout California is crucial for lowering air
pollution levels and ensuring fair access to clean air," said
Scott Davidson, CEO of Revolv. "Our
Revolv team helped two customers, with significant operations in
low-income communities, navigate the complex EnergIIZE application
process and secure funding for 70% of the infrastructure
costs."
About Revolv
Revolv helps commercial fleets move more
quickly and confidently toward zero-emission solutions. A complete
single-partner solution to seamlessly deploy, charge, and integrate
electric vehicles into operations, Revolv's mission is to simplify
EV adoption for fleets by reimagining how they buy and use
transportation. We are empowering fleets to accelerate
zero-emission adoption without losing focus on their core business
or operations. For more information, please visit
www.revolv.us.
Media Contact
Mission Control for Revolv
revolv@missionc2.com
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content:https://www.prnewswire.com/news-releases/calstarts-energiize-ev-jump-start-fund-awards-two-revolv-customers-funding-to-cover-70-of-ev-charging-infrastructure-costs-302197424.html
SOURCE Revolv