NuGen Expands eMobility Portfolio; Partners with NorCal Logistics and Motiv Electric Trucks to Electrify Delivery FedEx Vehicle Fleet

NuGen Go, the eMobility financing arm of NuGen Capital Management (NuGen), has partnered with NorCalLogistics and Motiv Electric Trucks to bring a fleet of new, fully electric vehicles to Northern California’s FedEx delivery routes. NorCal Logistics, a woman-owned FedEx contractor and leading pick-up and delivery service provider with nearly 25 years of experience in Northern California, partnered with NuGen to secure bridge funding and additional turnkey financing to support adding electric delivery trucks into their FedEx ground routes. The American-made, 100% electric Class 6 step vans were manufactured by California-based Motiv Electric Trucks and serve as the first electric vehicles in NorCal Logistics’ fleet.