FAQs - Frequently asked questions

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FAQs - Frequently asked questions

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FINANCING PROGRAMS

What types of financing programs can help reduce the cost of electrifying my fleet?

Fleet operators can access several financial mechanisms that significantly lower the overall cost of transitioning to electric vehicles. These include government grants, revenue from carbon compliance units generated by zero‑emission vehicles, and incentives tied to smart demand management, which help limit peak‑demand charges.

Polara supports your fleet at every step, from identifying the most advantageous programs and maximizing eligible amounts to simplifying administrative requirements. And when needed, Polara can also offer turnkey, no‑upfront‑cost financing solutions through Polara Capital, making electrification more accessible and financially viable.

What is Polara Capital, and how can it help finance my fleet electrification project?

Polara Capital is a flexible financing program that enables fleet operators to electrify their operations with zero upfront investment.

Instead of paying immediately for vehicles, chargers, infrastructure, or software, Polara spreads the costs over time, making your electrification project easier to launch and far more affordable from day one.

With Polara Capital, you can:

  • Start your electrification project with no CAPEX, thanks to a financing structure tailored to your fleet’s needs.
  • Bundle everything into a single plan: vehicles, charging stations, infrastructure upgrades, software and management services.
  • Reduce financial risk by aligning payments with real‑world usage and potential revenue streams (like carbon credit monetization).
  • Accelerate your deployment with a turnkey approach that removes complexity and keeps your project on track.

Polara Capital gives you the flexibility and financial breathing room to launch or scale your electrification strategy, even when budget constraints are an obstacle.

How does Polara support me with my grant applications?

Polara provides end‑to‑end support for your grant applications, from preparing the required documentation to assisting with submission, depending on what each program allows.
When the program permits it, we can submit the application on your behalf.
When the application must be submitted directly by the client, we guide you through every step: assembling the required documents, outlining all information you need to provide, reviewing your application, and helping you estimate the funding you may qualify for.
This structured support helps reduce errors, increase your chances of approval, and speed up access to incentives for charging stations, infrastructure upgrades, or software solutions.

How does carbon credit monetization work for an electric fleet?

Every electric vehicle in your fleet generates carbon compliance units, which Polara aggregates, certifies, and sells on the regulated market. The revenue from these sales is then returned directly to your organization.
Because Polara manages the entire process end‑to‑end (from data collection to certification and market transactions) you can turn every kilowatt-hour charged into recurring revenue without any added effort on your part.

How can demand response management reduce my operating costs?

Demand response programs allow you to earn credits on your electricity bill by automatically reducing your energy use during grid peak periods.
With the Cleo platform, this load reduction is fully automated and seamless: charging is temporarily adjusted during the event while still ensuring that your vehicles remain adequately charged to meet your operational needs.
These programs are available through certain energy providers such as Hydro‑Québec (QC), BC Hydro (BC), and several U.S. utilities.
Contact us to find out whether a similar program is available in your region.

POLARA CAPITAL

How Does Polara Capital financing work for an electrification project?

Polara reviews your project, estimates total costs including a flexible allowance for infrastructure work and submits a complete financing request to its trusted partners. Once approved, up to 100% of your project can be financed: 30% is released after engineering is completed, and the remaining 70% upon delivery. Throughout the entire process, Polara remains your single point of contact, ensuring a smooth, coordinated experience.

Can I finance only part of my project?

Yes. You can choose to finance all or just portions of your project engineering studies, chargers, installation, software, maintenance, and even your electric trucks. The financing structure is flexible and can be tailored to the specific needs and budget of each fleet.

Is the financing process fast?

Yes. In the United States, Polara can even secure pre‑approval before the customer’s final submission, which significantly speeds up the decision‑making process. Final adjustments are made once the infrastructure costs are confirmed, ensuring both accuracy and rapid turnaround.

POLARA CARBON

What is a carbon compliance unit?

A carbon compliance unit represents one ton of CO₂ avoided, as defined under Canada’s Clean Fuel Regulations (CFR). These credits are generated when fleets operate electric vehicles instead of diesel or gasoline.

Once certified, the credits can be sold on the carbon market to industrial emitters that need to offset their emissions.
For EV fleets, this can translate into significant annual revenue (often hundreds of thousands of dollars) especially for vehicles with large battery capacities (such as buses and heavy‑duty trucks) or for high‑utilization light‑duty EVs like delivery vehicles.

It’s a powerful financial lever to help fund your electrification strategy.

How does Polara Carbon simplify the monetization of my compliance credits?

Generating carbon‑intensity credits involves multiple steps: government registration, charging‑data collection, preparation of official reports, credit certification, and finally, selling those credits on the carbon market. Polara manages the entire process from start to finish, so you don’t have to handle any administrative work. This removes complexity, reduces risk, and ensures your credits are fully optimized and monetized without adding tasks to your team.

How does Polara secure higher value for my carbon compliance units?

With more than 100 fleets enrolled, Polara operates as a carbon‑credit aggregator, giving our clients the advantage of scale. Credit buyers prioritize volume; the larger the collective portfolio, the more leverage Polara has to negotiate higher market prices for compliance units.
By joining the program, even with only a few vehicles, you benefit from the collective bargaining power of all participating fleets, ensuring you capture the maximum possible value for every compliance unit you generate.