Earlier this week, Merge Electric Fleet Solutions, a premier fleet electrification services and finance company, announced the close of a Series A funding round led by strategic investor Pickering Energy Partners (PEP). The investment demonstrates PEP’s continued leadership in energy transition investing. Merge will use the funding to accelerate its team expansion and broaden its electrification service offerings to additional fleet segments.
Also Read: SGX Chain Launches New Digital “Gold-Trading Platform”
As the strategic investor backing Merge, PEP is combining its expertise in energy transition investment with the EV domain experience of Merge’s seasoned management team. Merge’s best-in-class founding team—led by EV-industry pioneer Glen Stancil—delivers electrification solutions for fleet operators across market segments that include energy, healthcare, food and beverage, and home services.
“As the EV market accelerates across the country, now is the time to invest in the future of fleet electrification,” said Dan Pickering, Chief Investment Officer of PEP. “Our team at PEP recognized this opportunity and capitalized on Merge’s unique service to place our clients at the forefront of innovation and the energy transition.”
With PEP’s proven industry knowledge and strategic financial support, Merge is positioned to lead the EV transition through full-service solutions that make fleet electrification simple and affordable. The Merge team brings decades of EV experience from designing, delivering, and operating integrated charging solutions for residential and commercial applications on L2 and DC platforms at over 1,500 sites across 40 states. Merge supports fleets through the entire lifecycle of EV transition including planning, deployment, operations, and financial services to provide customers with a data-driven approach to confidently achieve their operational, economic, and emissions goals.
“Converging market, social, and regulatory tailwinds are pushing businesses of all kinds to embrace fleet electrification,” said Glen Stancil, CEO of Merge. “Merge’s comprehensive fleet electrification solutions deliver the economic, environmental, and experiential benefits of electric vehicles to fleet operators of all types and sizes.”