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Highland Electric Zero-Emission Buses

Public Transit
Across Canada
$50 million
(financial close)
Highland Electric Fleets (Canada) ULC

New electric bus leasing option for school transit operators across Canada

Investment supports the saving of approximately 5,500 tonnes of GHG emissions annually

Fast facts

About 5,500 tonnes of greenhouse gas emissions saved annually
Cleaner and quieter student transit
Reduces students’ exposure to emissions from diesel buses

Our $50 million investment towards the purchase of hundreds of electric school buses will help students across Canada access cleaner transit options.

The loan will help cover the higher upfront capital costs of ZEBs, assisting to accelerate Highland Electric’s leased fleet of electric buses.

Highland Electric is offering electric bus leases to school board operators. Giving school boards an alternative to purchasing vehicles is the company’s vision to drive clean and reduce students' exposure to school bus emissions.

Benefits of CIB involvement

Our Zero-Emission Buses Initiative assists transit agencies and school bus operators in transitioning their fleets to modern, environmentally friendly vehicles. The financing, in the form of direct loans, can cover a portion of the higher upfront capital cost of ZEBs compared to diesel buses.

Learn more

Highland Electric bus
Government of Canada

Investing in zero-emission transit is critical to tackle greenhouse emissions in Canada and to meet our net zero goals. We are incredibly proud that the CIB’s partnership with Highland Electric will help do just that by providing hundreds of electric school buses across the country.

Hon. Sean Fraser, Minister of Housing, Infrastructure, and Communities
Highland Electric Fleets

At Highland, our goal is to make school bus electrification as simple and affordable as possible, so more students can enjoy a cleaner and healthier ride to school. Through our partnership with the CIB, we look forward to working with school districts throughout Canada to transform the future of school bus transportation.

Gaurav Dubey, CFO