# Highland Electric Transportation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/highland-electric-transportation

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Hamilton, US
- Website: www.highlandet.com
- Total disclosed funding: $254M
- Latest round: Series A (Feb 16, 2021)
- Investors on record: 2

## About

Highland Electric Transportation, Inc. specializes in providing electrification solutions for school bus fleets in the United States, focusing on the transition from diesel to electric vehicles for environmentally friendly transportation.Founded in 2018 and headquartered in Hamilton, US, Highland Electric Transportation, Inc. focuses on electrifying school bus fleets. The company has received USD 254 mn in Series A funding, primarily led by Vision Ridge Partners and Fontinalis Partners, with a total amount raised also reaching USD 254 mn. The latest funding round took place on February 16, 2021. The CEO is Duncan McIntyre, who is committed to leading the firm in its growth trajectory.Highland Electric Fleet offers comprehensive electrification solutions for school bus fleets, which includes the conversion of traditional diesel buses to electric. They work with several school districts across the US, delivering about 900 electric buses under contract, which allows clients to operate with environmentally friendly transportation at or below diesel costs. Their clients include educational institutions in states such as California, Florida, Minnesota, and Colorado, focused on enhancing transportation sustainability.Highland Electric Fleet operates primarily on a revenue model based on contracts with school districts for electric bus fleets and related services. Their business involves direct partnerships with school districts to deploy electric buses, aided by grants and incentives that total approximately USD 525 mn. Agreements for fleet electrification services include ongoing maintenance and optimization, ensuring clients can transition financially smoothly.Highland Electric Transportation, Inc. aims to utilize the USD 254 mn raised in Series A funding to build the largest electric fleet company, providing economic and environmental value. The company plans to expand its market reach, targeting additional school districts across the United States, and is also focused on launching new products that enhance fleet optimization. With Duncan McIntyre continuing as CEO, the firm is poised for strategic growth in the electrification sector.

## Funding rounds

- Series A, Feb 16, 2021, $254M — Fontinalis Partners, Vision Ridge Partners

## Investors

- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series A
- Vision Ridge Partners — Series A