Current provides a Vehicles-As-A-Service (VaaS) solution that bundles electric vehicles, charging infrastructure, installation, and maintenance into a predictable monthly fee. This eliminates upfront capital expenditure and operational complexity for businesses transitioning to zero-emission fleets.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face significant capital expenditure and operational complexity when transitioning to electric vehicle fleets. This includes the procurement of vehicles, installation of charging infrastructure, and ongoing maintenance, which can hinder the adoption of zero-emission transportation and the achievement of sustainability targets.
Solution
Current offers a comprehensive Vehicles-As-A-Service (VaaS) solution that bundles electric vehicles, charging infrastructure, installation, and maintenance into a predictable monthly fee. This model eliminates upfront capital investment and associated financial risks for businesses. The service integrates hardware and software components of the transportation ecosystem, including grant assistance and green energy sourcing, to facilitate a seamless transition to electric fleets. Current's approach aims to reduce operational costs through cheaper fuel and less downtime due to fewer moving parts in EVs, while also supporting companies in meeting their Scope 1 and Scope 3 emission reduction goals.
Target Audience
Current targets businesses looking to transition their freight operations to zero-emission electric fleets without incurring significant upfront capital costs or managing the complexities of infrastructure deployment and maintenance.
Features
- Turnkey electric fleet solution encompassing vehicles, charging infrastructure, and installation.
- Fixed-rate charging and worry-free maintenance for both vehicles and chargers through a network of service providers.
- Integrated grant assistance program to support capital deployment.
- Best-in-class electric vehicles designed to meet or exceed the performance of existing fleets.
- Fleet management software for monitoring and optimization.
- Zero upfront capital investment, with Current absorbing financial risks.
- Support for achieving Scope 1 and Scope 3 emission targets and broader ESG goals.