Allen & Overy advises Generate Capital on its joint venture with Blue Bird Corporation to electrify school bus fleets

The joint venture’s fleet electrification-as-a-service offering will make it simpler for school districts to upgrade to advanced electric vehicles (EVs) by offering electric school buses and associated charging infrastructure at an affordable monthly fee. This turnkey electrification solution will include the widest range of electric school buses in the industry, financing of both electric vehicles and charging infrastructure, project planning and management as well as fleet and charging optimization. This JV will help school districts accelerate the electrification of their fleets.

Generate Capital is a leading sustainable investment and operating company driving the infrastructure transition. Generate builds, owns, operates and finances clean energy, transportation, water, waste, agriculture, smart cities and industrial decarbonization. Generate has partnered with over 50 technology and project developers and owns and operates more than 2,000 assets globally.

"We are delighted to have advised Generate Capital on this innovative and impactful JV with Blue Bird, which will help accelerate the transition to zero-emission transportation for students across North America,” said Jillian Ashley, partner at Allen & Overy. “Fleet electrification is a key area of focus for our global projects, energy and infrastructure practice, and we are committed to supporting our clients in delivering sustainable solutions for the future."

The team was led by New York based partner Jillian Ashley and New Yok based associate Ian Mack. With additional support from New York partners David Flechner and Keren Livneh; New York based associates Cristina Palma and Chynna Foucek and Los Angeles based associate Jason An.