Fleet Financing

4MATIV and NuGen Go Announce Revolutionary Strategic Partnership to Ensure Transportation is Not a Barrier to High Quality Education | Business



ST. PAUL, Minnesota – (BUSINESS WIRE) – May 11, 2021 –

4MATIV Technologies (“4MATIV”), a leader in mobility solutions for educational transportation and a trusted partner of K12 public school districts, charter schools and independent schools across the United States, has announced a strategic partnership with NuGen Go, a leading investment company in electric transport dedicated solely to the electrification of fleets. The partnership lays the foundation for the K12 educational transport systems of the future, combining 4MATIV’s expertise in the design of innovative and multimodal transport systems with NuGen Go turnkey solutions for financing and managing electric vehicles.

Together, 4MATIV and NuGen Go design, manage and implement electric vehicle solutions for the K12 education, higher education and school transportation workforce by reducing barriers for students to maximize their potential. 4MATIV’s transportation performance management software and services for K12 school districts and education stakeholders associated with NuGen Go The financing and turnkey operation of the electric vehicle fleet will help build the next generation educational transportation ecosystem.

Carl Allen, President and COO of 4MATIV, and Michael Baer, ​​Managing Partner of NuGen Go, Noted “Together, 4MATIV and NuGen Go are dedicated to implementing agile and resilient transportation solutions that are better for students, educators, communities and the environment.”

Rajeev Bajaj, co-founder of 4MATIV and CEO of Kitamba, noted “COVID and the significant needs of students have made the need for innovative and agile solutions to reduce barriers to high quality education urgent. Multi-model transportation, from small vehicles to electric buses, carpooling, cycling and walking, all has the potential to turn educational transportation from a liability into an asset on the road to rebuilding for the better.

Mark Joseph, co-founder of 4MATIV and former CEO of Transdev, shared that “Several members of the 4MATIV team have held management positions at Transdev, operating public and private multimodal public transport in 200 cities. We have an in-depth understanding of the complexities of transitioning from internal combustion engine buses to electric buses and the impacts on ongoing operations. In partnership with NuGen Go, we will be able to help schools anticipate and overcome the challenges of electric vehicle migration, from material selection to financing, routing and charging optimization, and more. .

4MATIV Technologies

With unparalleled expertise in education and mobility, 4MATIV expands transportation options that ensure every student’s access to learning opportunities, meet family needs and match district budgets. 4MATIV’s technology and performance management platform enables a multimodal approach with new flexible options and incentives aligned with educational organizations to get students to school at a lower cost and with less hassle.

NuGen Go

NuGen Come on Turnkey electric vehicle (“EV”) solutions help fleet owners meet their zero emission goals while minimizing the total cost of ownership of the transition to a future EV. NuGen Go is a one-stop-shop for fleet electrification, with its Fleet Electrification as a Service solution that simplifies EV adoption for K12 schools, governments, universities and private investment.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210511006248/en/

CONTACT: Suh Yoon

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER EDUCATION OTHER TRANSPORT UNIVERSITY PRIMARY / SECONDARY EDUCATION TRANSPORT

SOURCE: 4MATIV

Copyright Business Wire 2021.

PUB: 05/11/2021 5:53 p.m. / DISC: 05/11/2021 5:53 p.m.

http://www.businesswire.com/news/home/20210511006248/en

Copyright Business Wire 2021.



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