Dollaride, a company providing EV-as-a-Service to small fleet operators in transit deserts, was recently awarded a $10 million grant from NYSERDA to support service expansion in disadvantaged communities within NYC.
Leveraging this grant, Rapid Ventures structured a comprehensive financing package with tax credit equity, a leveraged loan from NY Green Bank's decarbonization fund, and a bridge loan funded by catalytic capital from foundations.
IMPACT METRICS
Fleet drivers save up to $16k/year on gas expenses per EV
Commercial EV shuttle can save 52 metric tons of CO2 annually
21% decrease in annual GHG emissions for NYC
