We’re excited about the four investments we made in 2014, and hope that over time, these companies contribute to improving life for all of us. In keeping with our overall mission, our investments were made in companies that seek to reduce oil used in transportation, repurpose food waste and strengthen local agriculture. Here’s a rundown of these four sustainable startups poised for growth.
XL Hybrids converts existing gas-fueled commercial vehicles like cargo vans, shuttle buses and delivery trucks into hybrids. It’s a solution that can increase an entire vehicle fleet’s fuel efficiency by 20 percent, and that’s gotten the attention of companies like FedEx and Coca-Cola. The Boston-based company has gotten our attention, too. We’re excited to announce that XL Hybrids is the latest business that Sustainable America is investing in as part of our overall goal to reduce our nation’s oil consumption by 50 percent over the next two decades.
Imagine that you run a company with a fleet of delivery vehicles that make lots of short trips all day long through crowded city streets. Along with the costs of labor to pay for all those drivers, fuel costs are one of the biggest expenses you face. If you could shave 20 percent off your fuel bill, you would probably say, “Where do I sign?”
We’ve found a company that can do just that: XL Hybrids.