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Spring Lane Capital Announces $20M Project Equity Commitment To 7 Generation Capital To Finance Electric Vehicle ("Ev") Projects For Commercial Fleets

PRIVATEJun 17, 2021

Round Type

Venture

EnergySustainabilityNatural Resources

Description

Spring Lane Capital, a private equity firm focused on providing catalytic project capital for sustainability solutions in the energy, food, water and waste industries, announced today a project equity commitment by its private fund to 7 Generation Capital ("7Gen"), a developer of commercial electric vehicle ("EV") projects focused on commercial fleets. The $20M equity investment in 7Gen will catalyze the development of commercial EV charging infrastructure throughout Canada. 7Gen provides a unique value proposition as a one stop shop for commercial fleet operators, offering assistance with costing and implementation, access to vehicles and charging infrastructure, as well as ongoing support and maintenance in one convenient package.

Quick answer

Spring Lane Capital raised an undisclosed amount in a funding round, dated June 17, 2021.

How much did Spring Lane Capital raise?
Spring Lane Capital raised an undisclosed amount in a funding round on June 17, 2021.
What does Spring Lane Capital do?
In addition to Atlas, the firm has announced additional investment partnerships with platform companies including Aries Clean Energy, Cambrian Innovation, 7 Generation Capital, and Vandalia Growers.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Spring Lane Capital that raised within 45 days of this round, from Fundz verified event records.

  • Blackbuck Resources raised an undisclosed amount (Funding Round) on July 7, 2021.
  • Aurora Solar raised $250M (Funding Round) on May 24, 2021.
  • NuScale Power raised an undisclosed amount on July 22, 2021.
  • Aria raised $46M (Series A) on June 9, 2021.
  • GridX raised $12M (Series B) on May 25, 2021.
  • Niron Magnetics, Inc. raised $21M (Funding Round) on July 29, 2021.

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Company Information

Company

Spring Lane Capital

About

In addition to Atlas, the firm has announced additional investment partnerships with platform companies including Aries Clean Energy, Cambrian Innovation, 7 Generation Capital, and Vandalia Growers.

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Spring Lane Capital raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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