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Announced

Completed

Pickering Energy Partners led a series A funding round in Merge Electric Fleet Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Completed

Single Bidder

Minority

Private

Venture Capital

Alternative Electricity

Domestic

United States

fleet electrification services

Friendly

Acquisition

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Pickering Energy Partners, an energy-focused financial services institution, led a series A funding round in Merge Electric Fleet Solutions, a premier fleet electrification services and finance company. Financial terms were not disclosed. “Fleet electrification is this country’s most efficient and cost-effective path to transportation emissions reduction. The increasing market and regulatory momentum are pushing businesses of all types and sizes to fleet electrification. Merge provides the services that these businesses need to confidently meet their fleet electrification goals with simplicity and affordability,” Glen Stancil, Merge CEO.

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