ev moves

Sysco introduces new fleet of electric trucks at Houston operations

Sysco recently took delivery of 10 heavy-duty, electric-powered trucks for its Houston operations. Photo via LinkedIn

Houston-based food distributor Sysco is helping fuel the future of electric vehicles.

Sysco recently took delivery of 10 heavy-duty, electric-powered trucks for its Houston operations. With this delivery, Sysco now operates nearly 120 electric vehicles (EVs) around the world.

In 2023, Sysco unveiled its first EV hub, which is in Riverside, California. The hub will eventually feature:

  • 40 electric-powered refrigerated trailers
  • 40 electric-powered semi-trucks
  • 40 charging stations

The hub also will include 4 megawatt-hours of battery storage and 1.4 additional megawatts of solar power generation.

Aside from Houston and Riverside, Sysco uses EVs in Baltimore; Boston; Baltimore; Denver; Long Island, New York; Los Angeles; and Fremont, California. Its EV fleet extends to Canada, Sweden, and the United Kingdom.

Sysco announced in 2021 that it planned to operate nearly 800 electric-powered semi-trucks by 2026. Houston Freightliner is a partner in this initiative.

In all, Sysco aims to electrify 35 percent of its U.S. tractor fleet.

Around the world, EVs are contributing to Sysco’s goal of reducing direct emissions by 27.5 percent by 2030.

“We are proud of our progress to scale our electric truck fleet and continue our journey to meet our climate goal,” Neil Russell, chief administrative officer at Sysco, says in a news release. “This work is important to many of our customers who have also set goals to reduce emissions.”

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A View From HETI

PitchBook attributes $634 million in fourth-quarter VC to Fervo. Photo via Getty Images

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”

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This story originally appeared on our sister site, InnovationMap.com.

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