Highland Electric Fleets
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Founders
About
Highland Electric Fleets, founded in 2019 and headquartered in Beverly, Massachusetts, provides Electrification-as-a-Service (EaaS) to school districts, municipalities, and fleet operators — supplying electric school buses, charging infrastructure, software, and operational support through long-term service agreements 12. The company has projects in 30 states; its electric school buses have logged more than 10 million miles in operation, and it is contracted to supply 500 electric buses for the upcoming Los Angeles Olympic Games 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-02 | Preferred Equity | $75M | Galvanize Climate Solutions | 12 |
This $75M closes an additional preferred equity commitment from Galvanize and affiliates, bringing total preferred equity commitments to $150M 1. The investment is the first deployment from Galvanize’s Credit and Capital Solutions fund, which raised $1.3B in 2025 to provide tailored financing for clean energy companies and projects 2.
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
“This capital structure is designed to support long-term, asset-backed deployments at scale. From Florida to Michigan to California, we are seeing a clear shift toward solutions that can be deployed reliably across very different operating environments, from school districts to municipal and other fleet operators.”
— Duncan McIntyre, CEO, June 2, 2026 1
Sources
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Highland Electric Fleets, “Highland Electric Fleets Announces an Additional $75 Million Preferred Equity Commitment from Galvanize,” PR Newswire, June 2, 2026. Accessed June 2026. https://www.prnewswire.com/news-releases/highland-electric-fleets-announces-an-additional-75-million-preferred-equity-commitment-from-galvanize-302787757.html↩↩↩↩↩
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Venture Capital, “Highland Electric Fleets Receives $75M Commitment from Galvanize to Expand Electric School Bus Deployments Nationwide,” June 2026. Accessed June 2026. https://venturecapital.com/headlines/funding-events/highland-electric-fleets-receives-75m-commitment-from-galvanize-to-expand-electric-school-bus-deployments-nationwide-v↩↩↩↩