Electrada and Daimler Truck Financial Services to Deliver Charging-as-a-Service for Electric Buses and Trucks

Electrada, a fleet electrification solutions company, and Daimler Truck Financial Services, one of the world's leading financial service providers for commercial vehicles, have entered into an official partnership to drive higher adoption of sustainable transportation leveraging Daimler's leadership in commercial Battery Electric Vehicles (BEVs) and Electrada's 360 Charging-as-a-Service solution. Providing the necessary infrastructure to power medium- and heavy-duty electric vehicle fleets, the all-in-one solution will first be provided to projects with selected customers in the USA in the first half of 2024.

Electrada's 360 Charging-as-a-Service (CaaS) is an end-to-end, technology-agnostic approach that allows fleets to electrify intelligently, cost-effectively and customized to their specific use cases with a fully capitalized, integrated and performance-contracted electric fuel solution.

The agreement further aligns Daimler Truck North America's rapidly expanding electric vehicle lineup with its overall corporate sustainability strategy and will accelerate fleet electrification nationwide, making a meaningful contribution to reduced carbon emissions.  Daimler Truck already offers BEV truck series in the United States, including the class 8 eCascadia, class 6 EM2, and the class 5 MT50e. Furthermore, the Freightliner eM2 will begin series production in the fourth quarter of this year.

Backed by BlackRock Climate Infrastructure, a leader in clean energy infrastructure investment, Electrada's 360 Charging-as-a-Service (CaaS) is a complete electric fuel solution that covers 100 percent of a fleet's EV charging infrastructure buildout, implementation, operation and maintenance costs across a multi-year contractual relationship that provides the electric fuel they need on a long-term, predictably priced basis.