Inspiration Mobility Secures $215MM in Capital, Adds New Leadership

Inspiration Mobility, a sustainable infrastructure platform dedicated to accelerating the electrification of transportation, secured an additional $215 million of capital from new strategic partners Macquarie Asset Management and global infrastructure company Ferrovial, which are joining existing lead investor ArcLight Capital Partners.

The new funding brings the Inspiration’s total investable capital raised to date to $415 million, enabling the company to accelerate its work electrifying commercial fleets.

“Now, more than ever, fleets need a fully integrated partner to help ease their transition to electric. The combination of our team, our operating structure and available capital offers a single, integrated solution for fleets looking to overcome the costs and complexities of electrification,” Josh Green, founder and CEO of Inspiration Mobility, said. “This new capital will enable us to accelerate the transition to clean, electric fleets that reduce costs for our customers while playing a major role in reducing greenhouse gas emissions.”

“We are excited to be investing in Inspiration and partnering with them in their mission to support corporate fleet operators in reducing their carbon footprint and lowering their operating costs,” Chris Leslie, global head of sustainability at Macquarie Asset Management, said. “This transaction underscores our commitment to seeking investment opportunities in the next phase of energy transition beyond core renewables like wind and solar. To achieve our ambitious Net Zero goals, we must focus on the development of sustainable infrastructure like fleet electrification, energy storage and green hydrogen.”

“We increasingly see a massive opportunity for electric vehicles across all sectors of our business, from charging stations to electricity transmission networks and renewable energies,” Andres Camacho, director of mobility at Ferrovial, said. “We believe Inspiration’s comprehensive approach to advance adoption of electric vehicles will accelerate the transition to an EV future and the decarbonization of transportation, both of which are a perfect fit with our commitment to sustainable mobility.”

In addition to closing on the new capital, Inspiration recently added two new leaders to its senior management team, with Gary Gadsden joining as senior vice president and head of fleet sales and Chris Getner joining as chief technology officer.

Gadsden has more than 30 years of experience in overall sales, with more than 20 specifically in fleet sales, financing and account management with GE Capital, Element Fleet Management and FedEx, including originating more than $3 billion in lease volume across 15 unique clients and signing fleets representing 250,000 vehicles and 500,000 service adds.

Gadsden will lead corporate fleet sales efforts at Inspiration’s operating company, Inspiration Fleet, an electric vehicle-only fleet management company that finances electric vehicles and provides fleet management services for light-duty fleet businesses.

A technologist and startup veteran, Getner has more than 30 years of experience in product development, technology management and innovation. A former aerospace engineer for NASA, he’s led teams at billion-dollar technology firms and business and tech consulting firms. He has also been CEO and CTO of several startups. Getner will be responsible for the delivery of unique, electric vehicle-native systems and applications for fleet customers that create actionable insight from disparate data. He’ll also focus on the development of technology solutions across Inspiration’s platform and operating companies.

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