XL Fleet, a vehicle electrification solutions company, announced a partnership with a commercial EVSE (electric vehicle supply equipment) supplier. This partnership announcement begins the launch of its XL Grid division. XL Grid will provide charging infrastructure, energy storage, and power solutions for electrified fleets. As a result, customers can purchase charging systems separately or as part of an order for vehicles with XL’s electrified powertrain.
XL Fleet currently has over 200 fleet customers across the US and Canada. It expects customers to require at least 100,000 charging stations in the coming years based on growing demand for EVs. Additionally, XL Fleet intends to continue expanding its XL Grid division to meet these energy demands. XL Grid will provide software and hardware as well as strategic partnerships to power an Electrification as a Service solution.
THE INFRASTRUCTURE TO MEET DEMAND
“Fleet electrification requires a massive rollout of vehicle charging infrastructure,” begins Tod Hyned, founder and chief strategy officer, XL Fleet. “XL Fleet has the customers and data already in place to quickly deliver charging solutions through our XL Grid offering. XL Grid is a critical component of our Electrification as a Service strategy and positions XL Fleet to provide customers with comprehensive energy solutions including charging stations, onsite energy storage, solar power, and optimized energy supply and management.”
“We believe we are well-positioned to capitalize on the tremendous demand for charging infrastructure and EV adoption, supported by our established track record and portfolio of over 200 customers using our products today. These customers are already looking to accelerate their own electrification strategies. We expect additional large-scale opportunities to be driven by the incoming presidential administration,” says Dimitri Kazarinoff, chief executive officer of XL Fleet. “We are committed to deploying all necessary resources to grow XL Grid into an integral component of our service offering in years to come.”
Further, XL Fleet remains on track to complete its merger with Pivotal Investment Corporation II in December 2020. Upon closing, the combined company will be named XL Fleet Corp. The company also expects to remain listed on the New York Stock Exchange under the new ticker, “XL.”
Find out more, visit www.xlfleet.com.