Highland Electric Fleets, headquartered in Beverly, Mass., will be using a loan of up to $50 million provided by the Canada Infrastructure Bank (CIB) to support its electrification-as-a-service business for school bus fleets.
The transition to electrified public transit buses will require upgrading the charging infrastructure, considering new business models and training thousands of technicians, according to Mississauga-headquartered Schneider Electric Canada.
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