Startup eIQ Mobility built software to help fleet operators game out when it makes sense to convert vehicles to electric. But it lacked the balance sheet to follow through on those recommendations with the necessary engineering, equipment installation and energy management.
Now it has a financially able partner in NextEra Energy Resources, the leading renewables developer and sister company to regulated utility Florida Power & Light. NextEra acquired eIQ last week via its distributed energy division, which means that it can now bundle fleet electrification with the distributed solar and energy storage services the company already provides.
The investment reflects a toe in the water strategy to get smart in the space while the fleet electrification trend is still young, said Chelle Izzi, executive director of distributed generation at NextEra Energy Resources.