#USA #Electrification #Highland Electric #Beverly #Aiga Capital

Highland Electric Fleets Secures Major Investment

Highland Electric Fleets, a leading player in the electrification of school and municipal transportation, has announced a significant step forward in its growth strategy by securing an impressive equity investment of up to $150 million from Aiga Capital Partners. This investment, revealed on December 10, 2025, is set to propel Highland's national expansion plans and enhance its offerings in various regional markets.

Growth and Expansion Plans

Highland Electric Fleets operates under a business model that emphasizes long-term, stable contracts backed by government partnerships. These arrangements not only ensure predictable revenue streams but also support the development and management of high-quality assets within their portfolio. The latest funding will allow the company to capitalize on this foundation, further enabling it to manage financing, setup operations, and provide ongoing client support through its signature Electrification-as-a-Service (EaaS) model.

Operating across more than 30 states, Highland has established a robust footprint, providing electric buses to numerous municipalities and school districts. Their fleet has collectively covered an impressive distance of over 7 million miles. As the company prepares for an ambitious rollout in 2026, it aims to introduce larger fleet deployments, innovative multi-site projects, and new charging stations that are crucial for sustaining its electrification strategy.

Key Partnerships and Future Projects

Excitingly, Highland has cemented its position as the Official Electric School Bus Provider for the LA28 Olympic and Paralympic Games, a testament to the growing demand for electric transportation solutions. Apart from the Olympic initiatives, Highland plans to enhance its operational capacity in Southern California through the establishment of new depots and charging infrastructure. This expansion aligns with their long-term strategy to meet the increasing demand for reliable electrification services within the region and beyond.

According to Angel Fierro, Managing Partner at Aiga Capital Partners, this investment reflects a strong confidence in Highland's operational capabilities and growth potential. Aiga specializes in funding essential infrastructure projects that deliver community benefits and sustainability. As part of this collaboration, Fierro will also join Highland's Board of Directors, emphasizing a collaborative approach in strategic decision-making moving forward.

Highland's Financial Backbone

Highland's financial strength is not only bolstered by the latest infusion of capital but also reflects a history of responsible financial management, including approximately $200 million in construction debt and tax-advantaged financing. This varied capital structure has been essential in maintaining stability and supporting long-term growth initiatives across its operations.

Duncan McIntyre, CEO of Highland Electric Fleets, expressed the company's enthusiasm regarding this recent investment. He stated that the funding will enhance their ability to execute substantial contracts with school districts and municipalities, while also keeping their financial commitments intact.

Future of Electrification

Highland Electric Fleets aims to meet the future needs of electrified transportation, leveraging its EaaS model to offer practical solutions that simplify the transition to electric fleets for fleets and municipalities. The company is well-positioned to respond to evolving industry demands and community expectations, ensuring that electrification is not just feasible, but also sustainable and beneficial for all stakeholders involved.

Highland continues to exemplify innovation in the transportation sector, paving the way for cost-effective and environmentally friendly solutions while supporting local communities. As they embark on this new chapter funded by Aiga Capital, the possibilities for growth and service expansion appear promising.

In summary, Highland Electric Fleets is primed for a transformative phase in its operations, underpinned by substantial financial investment and strategic partnerships that will facilitate a greener, electrified future for community transportation across the nation.