Partnering with the White House in a $1 billion deal to support EV expansion

US President Joe Biden, left, views an electric vehicle charger during workforce training demonstrations by labor unions and leading companies in the State Dining Room of the White House in Washington, DC, US, on Wednesday, Nov. 2, 2202.

 

The Biden-Harris administration isn’t letting up on granting government money in the name of green energy and EVs.

It was announced this week that Monroe Capital was partnering with the White House to begin a $1 billion initiative to improve the country’s efforts for electric vehicles. It is called “Drive Forward Fund LP” and its goal is to build support for small and medium-sized companies with supply chain challenges.

 

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