Highland Electric Fleetsa provider of electrification as a service to government and municipal fleets in North America, has hired Gaurav Dubey as CFO to help scale its finance organization, optimize its capital structure and develop new financial products.
“Fleet electrification is at an inflection point and Highland is well positioned to meet the growing demand for cleaner communities, healthier children and more resilient power grids,” says Highland CEO Duncan McIntyre. “Gaurav’s proven track record of high value structured finance initiatives, capital allocation and strategic operations will support Highland’s continued growth as we scale our business to provide simple and affordable electrification upgrades to customers North America”.
Dubey has executed over $3 billion in equity and debt financing from financial institutions, venture capital firms, private equity investors and capital markets across North America, Europe and Asia. Prior to joining Highland, he was Senior Vice President of Finance at 8minute Solar Energy, where he built a finance team and raised $350 million in financing in the absence of a CFO.
Prior to that, Dubey was vice president of corporate finance at SunPower Corp., where he helped exit and take the company’s module business public; senior finance director of VECTRA, an Apollo Co.; and director of corporate finance at SunEdison, where he led structured finance and corporate acquisitions. Earlier in his career, Dubey co-founded an energy developer in India.
“I am excited to join Highland at a time of significant expansion for both the company and the industry,” commented Dubey. “Financial innovation and efficient deployment of capital at scale will help us lower costs for customers and advance our mission to accelerate the adoption of zero-emission transportation.”