NuGen Funds EV Fleet Rollout for FedEx Contractor in California

Strategic financing brings Motiv electric trucks to NorCal Logistics

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Demand for lower-emission transport is growing, with access to capital remaining a major obstacle for logistics firms looking to electrify. NuGen Capital Management, through its eMobility division NuGen Go, is taking on that challenge—offering targeted financial solutions to support real-world electric vehicle (EV) adoption.

The company’s latest partnership with NorCal Logistics and California-based Motiv Electric Trucks brings American-made Class 6 electric step vans to FedEx routes throughout Northern California. It’s not just about new trucks—it’s about closing the cash flow gap that often deters smaller operators from making the switch.

NuGen Go delivers bridge financing and turnkey solutions to ease the transition between vehicle purchase, delivery, and incentive payouts. For companies like NorCal Logistics—a woman-owned FedEx contractor operating for nearly 25 years—this means they can shift to electric without pausing operations or risking financial strain.

Building a Scalable Model for Clean Fleet Deployment

This collaboration shows how targeted financing and regional manufacturing can support decarbonization while benefiting local economies. The electric vehicles are assembled by Motiv Electric Trucks in California, reinforcing the domestic supply chain and supporting clean industry jobs.

For NorCal, integrating electric vehicles isn’t just a sustainability move—it’s a cost decision. The trucks eliminate tailpipe emissions and reduce exposure to volatile fuel costs, while offering long-term savings on maintenance and operation.

The partnership illustrates a replicable path for medium-sized fleet operators—those often left out of EV pilot programs or large-scale government initiatives. NuGen’s financial model is designed to align with incentive timing and business needs, creating a practical framework that others in the logistics space can follow.

Environment + Energy Leader