Volta Trucks, the leading and disruptive all-electric commercial vehicle manufacturer and services provider, has partnered with NEoT Green Mobility to develop customer funding solutions, with an ambition to offering operating lease solutions to finance up to 2,000 trucks from 2023.
The funding will enable Volta Trucks to offer customers a wide range of financing solutions for the all-electric Volta Zero through the company’s Truck as a Service (TaaS) offering.
NEoT Green Mobility is a European investment platform specialising in the financing of electric mobility services and funded by 3i EOPF, Mirova Eurofideme 4, Banque des Territoires and EDF Pulse Ventures. It aims at offering Volta Trucks’ European customers an up to eight years integrated Operating Lease with maintenance-included solutions. NEoT Green Mobility, managed by NEoT Capital, was launched to provide sector players with turnkey zero-emission mobility solutions with the potential to cover any kind of transport, including all-electric trucks.
Chief Executive Officer of Volta Trucks, Essa Al-Saleh, said; “Vehicle financing is a key component of our Truck as a Service offering, and we are delighted to be partnering with NEoT Green Mobility. With this best-in-market specialist support and confidence in the residual value of the Volta Zero, we will be able to offer a tailored TaaS solution for each individual customer. This dedicated financing, alongside all the advantages of our all-electric truck, will ensure we are able to provide a lower Total Cost of Ownership for our customers, as we continue to simplify and de-risk their transition to an all-electric future.”
Discussing the new partnership with Volta Trucks, Philippe Ringenbach, CEO of NEoT said, “We are excited to be partnering with Volta Trucks as we have an aligned mission when it comes to facilitating the transition to zero-tailpipe emission mobility. NEoT responds to various issues, such as air quality and pollution from the first kilometre to the last, so not only are we supporting the initial customers, but we also have a strong focus on long-term durability and operation including the management of the batteries over their lifetime and when the vehicles enter their second life.”
