The Fleet Electrification Leader
When XL Fleet was founded (as XL Hybrids) back in 2009, the green transportation market looked very different than it does today. The average price of gas in the US was $1.84/gallon (diesel was $2.27) and electrification for fleet vehicles was in its infancy. In fact, very few of the companies selling hybrids, plug-in hybrids, or all-electric fleet vehicles in 2009 are still around today.
Founded by MIT alumni and green energy veterans, the company was on a mission to provide simple, sustainable electrification solutions to the commercial fleet market – a previously untapped space with a large number of vehicles with low mileage and high emissions.
Over one decade and more than 150 million customer miles later, that mission continues. XL Fleet has become the undisputed leader in fleet electrification solutions for Class 2-6 commercial and municipal vehicles. With thousands of XL-equipped vehicles on the road, we have helped save our customers well over 3 million gallons of fuel and eliminated over 26,000 metric tons of CO2 emissions from the atmosphere.
Best of all, we’re just getting started. We hope you’ll be part of our next decade of success, as we continue our mission to help our fleet customers save money, improve driver productivity and make a positive impact on our environment and the world around us.
Industry leader in electrification for Class 2-6 commercial fleet vehicles
Strong partnerships with major OEMs (Ford, GM, Isuzu, Stellantis)
Substantial savings in fuel costs and greenhouse gas emissions
Proven products with measurable benefits
XLH hybrid electric drive system: Up to 25% MPG improvement, 20% CO2 emissions reduction*
XLP plug-in hybrid electric drive system: Up to 50% MPG improvement, 33% CO2 emissions reduction*
XL Link on-board telematics program: Connected vehicle and emissions diagnostic data
* MPG and emissions reduction percentages may vary
Proven leaders with deep domain experience in energy, automotive and sustainability.
Founder & PresidentRead Bio
Cielo M. Hernandez
Chief Financial OfficerRead Bio
Cielo has held various positions in finance, operations, procurement and information systems, and prior to joining XL Fleet, served as Senior Vice President and Chief Financial Officer of South Jersey Industries, Inc., a publicly traded energy utility company. She previously served as Vice President and Chief Financial Officer for the North America region at A.P. Moeller Maersk, APM Terminals, and held leadership roles at Amcor (NYSE: AMCR) and DIRECTV. Cielo is also the Chairman of the Audit Committee for KVH Industries (NYSE: KVHI) and Co-Chair of the Audit Committee and Investment Committee member of Rowan University Foundation.
Cielo earned her undergraduate degree in Accounting from Universidad Santiago de Cali, Colombia. She also holds an MBA degree with specialization in International Business from the University of Miami. She is a CPA and holds a Certification in Human Resources Talent Management from Universidad Santiago de Cali, Colombia as well as Certifications in Executive Leadership and High-Performance Leadership from Cornell University, and Strategic Leadership and Improving the Business from IMD University Switzerland.
Cielo has delivered outstanding outcomes with a successful track record of getting results and driving efficiencies with strong strategic, operational and customer focus.
CTO and VP of EngineeringRead Bio
VP / General Manager of XL GridRead Bio
Colleen spent twenty-five years at GE across several roles at the company including head of GE Energy Ventures, leader of Marketing & Strategy for GE’s Power & Water business and head of the Global Growth Markets platform for Energy Financial Services. Colleen was a senior member of the team that launched Current, powered by GE, a leading provider of energy efficiency and digital productivity solutions for commercial buildings and cities, where she served as the Chief Marketing Officer and head of Business Development and was instrumental in the divesture of the business from GE in 2019. Most recently, Colleen has been an advisor to Commonwealth Fusion, Quaise Inc. and several other corporations while helping them grow and scale their energy-focused businesses. She is a member of the Board of Directors for Quaise, Inc. and the Clean Energy Trust.
Colleen earned her bachelor’s degree in engineering from the University of Pennsylvania and an MBA from the University of Michigan.
VP of Supply Chain and ProductionRead Bio
VP of PeopleRead Bio
General Counsel & VP of Corporate DevelopmentRead Bio
Board of Directors
Board ChairRead Bio
Dimitri KazarinoffRead Bio
Tod HynesRead Bio
Declan FlanaganRead Bio
Kevin GriffinRead Bio
Kevin began his career with Houlihan Lokey Howard & Zukin’s Investment Banking Division, focusing primarily on distressed M&A and financial restructurings. During his 20-year career, he has originated and invested over $5 billion across the capital structure of middle market businesses, including distressed and 363 bankruptcy purchases, and has led all structuring and legal documentation with a focus on capital preservation and protecting rights in bankruptcy. Post-investment, he has sat on numerous boards of directors and has implemented various restructuring changes and targeted distressed and opportunistic acquisition opportunities. The M&A Advisor in May 2015 named Kevin a winner of its 40 Under 40 Emerging Leaders Award. He earned his BSBA in Finance from Georgetown University.
Chris HayesRead Bio
Currently, Chris is founder and managing partner of Alturus. Alturus invests in sustainable infrastructure projects. Chris was founder and managing partner at Altenex. They created and brought to market the “virtual power purchase agreement” which made it possible for Fortune 500 companies to purchase offsite wind power. This contract structure remains the industry standard today and resulted in over $5bn in transactions through Altenex.
Chris received his BSBA in Finance from the University of Denver. He enjoys spending time outdoors on the ocean and in the mountains with his family.
Jon LedeckyRead Bio
Jon founded U.S. Office Products in 1994 and by 1997 the Company had become the fastest entrant in the history of the Fortune 500 with annualized sales of nearly $4 billion. U.S. Office Products owned Mail Boxes, Etc. (now the UPS Store) and several other brands that eventually became independent public and private companies. He has served on over 15 public company boards during his career.
Jon is an honors graduate of Harvard College and also graduated from Harvard Business School. Jon served on the National Commission on Entrepreneurship and at the U.S. Chamber of Commerce. He has also been honored as the Anti-Defamation League Man of the Year and was the International Franchise Association’s “Free Enterprise Award” winner.