Current
Current Trucking is a private U.S. company offering Vehicles-as-a-Service for commercial, institutional, and industrial fleet operators, bundling EV charging infrastructure, vehicles, and maintenance into a single monthly subscription with zero upfront capital required from the customer.
- Company typePrivate
- Founded2021
- HeadquartersMorristown, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Current does
Current Trucking LLC is a private U.S. company headquartered in Morristown, New Jersey, that operates a Vehicles-as-a-Service (VaaS) platform targeting commercial, institutional, and industrial fleet operators seeking to electrify their vehicle fleets without upfront capital outlay. Founded in 2021, the company delivers a turnkey bundle of four interconnected service tiers — grant assistance, charging infrastructure, electric vehicles, and operations & maintenance — packaged as three subscription modules (Infrastructure, Charging, and Vehicles) sold for a single monthly rate. Current absorbs all capital and financial risk of the EV transition, effectively financing the vehicles and charging hardware on its own balance sheet and recovering the cost through multi-year subscription contracts.
The underlying technology combines EV fleet management software, charging infrastructure deployment (site design, engineering, equipment procurement, construction, and utility coordination), and a fully connected fleet solution enabling real-time monitoring of vehicles and chargers. The company does not expose a public API or SDK and has no disclosed AI/ML capabilities; the software layer is positioned as operational integration and connectivity rather than intelligence. Distribution is executed through direct enterprise field sales with regional offices in New Jersey, New York, and California, supported by a national network of service providers handling scheduled and unscheduled O&M for both vehicles and chargers.
The business model is a capital-intensive asset subscription. In February 2023, Current secured a $250,000,000 financing facility from Ares Management to underwrite the VaaS model, and in April 2026 it acquired operational, in-construction, and development-stage assets from Electrada, adding over 30 operational EV charging sites to its portfolio and materially expanding its national footprint. Revenue is not disclosed in the available data. Leadership comprises co-founder and CEO Pip Decker and co-founder and Chief Investment Officer Dan Boyd. The company has not publicly disclosed its customer roster or revenue figures, and there is no indication of public-market listing or external institutional equity beyond the Ares debt facility.
Current firmographics
Firmographics- Name
- Current
- Legal name
- Current Trucking LLC
- Website
- https://CurrentTrucking.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Current Trucking is a private U.S. company offering Vehicles-as-a-Service for commercial, institutional, and industrial fleet operators, bundling EV charging infrastructure, vehicles, and maintenance into a single monthly subscription with zero upfront capital required from the customer.
- Ownership category
- akta.pro rank
Current industry classification
Industry- Product category
- Fleet Electrification Services
- NAICS
- Automotive Equipment Rental and Leasing (5321), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service) (TLABAHAH)
- akta.pro secondary industries
- Fleet Fuel, Toll & Expense Management Programs (TLABAHAL), Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)
Keywords
Where Current is headquartered
LocationHeadquarters
- HQ city
- Morristown
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Current business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Vehicles-as-a-Service (VaaS) Subscription: Monthly recurring subscription model where customers pay one low monthly rate for bundled infrastructure, charging, vehicles, and support services. Zero upfront capital investment required from customers.
- Charging-as-a-Service: Provides charging infrastructure and energy sourcing as a service component of the VaaS offering, including utility coordination and energy usage optimization
- Infrastructure Services: Site design, engineering, equipment procurement, construction and installation services as part of turnkey EV transition packages
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Infrastructure Tier - Site design, engineering, equipment procurement, construction, installation, and scheduled O&M |
| Subscription | Monthly | Charging Tier - Infrastructure included, utility coordination, energy optimization, and scheduled O&M |
| Subscription | Monthly | Vehicles Tier - Infrastructure, energy, best-in-class vehicles, zero upfront capital required |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Current product offering
Product offeringCore offering
Current operates a Vehicles-as-a-Service (VaaS) platform that enables commercial, institutional, and industrial fleet operators to transition to electric vehicles without upfront capital. The offering integrates vehicles, charging infrastructure, and fleet management software through modular subscription tiers (Infrastructure, Charging, Vehicles). Customers pay a recurring monthly rate to access EVs, charging stations, and the supporting platform rather than purchasing assets outright.
Product overview
Current Trucking offers a unified Vehicles-as-a-Service platform that combines four interconnected service components: Infrastructure (site design, engineering, equipment procurement, construction, and maintenance), Charging (utility coordination, energy optimization, and charger maintenance), and Vehicles (all-in-one fleet solution with best-in-class electric vehicles). All services are delivered through a single monthly rate model with zero upfront capital required, enabling commercial fleets to meet sustainability goals without capital investment.
Differentiator
Problem solved
Functional benefit
Products and services
- Vehicles-as-a-Service (VaaS)
Quantifiable outcome
- Lower operating costs through electric energy vs diesel fuel
- +2 more outcomes
Companies that use Current
Customer profileSegments3 records
Ideal customer profiles1 record
Current technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Current partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ElectradacoreCurrent Trucking acquired operational, in-construction, and development-stage assets from Electrada including over 30 operational EV charging infrastructure sites. Select personnel were acquired to ensure operational continuity. The transaction significantly expands Current's national footprint for Charging-as-a-Service and Trucks-as-a-Service offerings.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Current competitors and assessment
Company assessmentDirect peers
- Terawatt Infrastructure: Builds and operates heavy-duty EV charging depots for commercial fleets, offering site development, energy supply, and ongoing operations. Directly comparable to Current's Charging and Infrastructure service tiers for medium- and heavy-duty applications.
- Lightning eMotors: Provides electric powertrains and complete medium-duty commercial EVs with fleet financing and support services. Comparable in serving commercial fleet electrification, though Lightning is more product-focused while Current wraps the same use case in a subscription service.
- Forum Mobility: Operates heavy-duty EV truck charging at port drayage hubs under a Charging-as-a-Service model for drayage fleets. Highly comparable business model — depot-style charging infrastructure monetized through long-term fleet subscriptions.
- Xos Trucks: Manufacturer of commercial electric trucks and chassis with a focus on last-mile delivery and work-truck applications. Comparable to Current as a commercial EV fleet electrification play, though Xos is vehicle-first while Current wraps vehicles in a managed service bundle.
- WattEV: Develops and operates heavy-duty EV charging depots and offers Truck-as-a-Service for commercial fleets. Direct peer — WattEV combines charging infrastructure with vehicle deployment in a model closely parallel to Current's VaaS bundle.
Emerging players
- Hyliion: Developer of electrified powertrain solutions for Class 8 trucks, including range-extending and battery-electric systems. Comparable as a commercial trucking electrification play but more component-level versus Current's full bundled service.
- Workhorse Group: Manufacturer of electric delivery trucks and last-mile fleet vehicles. Comparable to Current on the commercial fleet side though more product-focused; partial overlap on the use cases Current addresses for industrial and commercial fleet operators.
Broad incumbents
- Ryder System: Major commercial fleet leasing, rental, and maintenance operator with an emerging electric vehicle and charging offering. Broad incumbent that can replicate Current's VaaS bundle at scale given existing fleet customer relationships and service network.
- bp pulse (formerly AMPLY Power): Global EV charging network and fleet electrification services arm of bp, including the AMPLY Power managed charging platform. Broad incumbent with vastly deeper capital, larger infrastructure footprint, and existing enterprise fleet relationships that compete head-on with Current's Charging-as-a-Service tier.
- ChargePoint: Largest independent EV charging network operator with deep commercial and fleet software capabilities. A broad incumbent that could bundle vehicles and infrastructure similarly to Current if it chooses to expand up the stack into VaaS.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Current social profiles
Digital presenceCurrent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Current leadership team
Management profileNumber of profiles
Profiles2 records
Current funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Current M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Current
What does Current do?
Current operates a Vehicles-as-a-Service (VaaS) platform that enables commercial, institutional, and industrial fleet operators to transition to electric vehicles without upfront capital. The offering integrates vehicles, charging infrastructure, and fleet management software through modular subscription tiers (Infrastructure, Charging, Vehicles). Customers pay a recurring monthly rate to access EVs, charging stations, and the supporting platform rather than purchasing assets outright.
Is Current a public or private company?
Current is a private company. It is classified as private equity controlled and is currently operating.
When was Current founded?
Current was founded in 2021. It employs 11 to 50 people.
Where is Current based?
Current is headquartered in Morristown, United States, in the North America region.
How does Current make money?
Three revenue lines are on record. Vehicles-as-a-Service (VaaS) Subscription is the primary driver. The others are charging-as-a-Service and infrastructure Services.
Who are Current's main competitors?
Direct peers on record are Terawatt Infrastructure, Lightning eMotors, Forum Mobility, Xos Trucks and WattEV. Emerging players are Hyliion and Workhorse Group. Broad incumbents are Ryder System, bp pulse (formerly AMPLY Power) and ChargePoint.
Does Current have an API?
No public API is recorded for Current.
What industry is Current in?
Current's product category is Fleet Electrification Services. Its primary akta.pro industry code is TLABAHAH, EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service), with a secondary code of TLABAHAL, Fleet Fuel, Toll & Expense Management Programs. Its NAICS code is 5321 and its SIC code is 7510.