Advised by law firm Addleshaw Goddard and backed by several of the UK’s largest banks and financial institutions – including HSBC UK – the service is designed to provide operators in the eBus market with a tailored solution at a fixed monthly price.
EO will handle all negotiations with the financial institutions, manufacturers and service providers, as well as managing the whole process on behalf of the customer throughout mobilisation, installation and the term of the lease.
Through MOBILITe, EO will offer a range of services to customers, including: the option to lease vehicles/chassis; grid upgrades, hardware, software, installation, ongoing operations and maintenance and the option to lease or procure replacement batteries.
Keith Watson, head of eBus and eTruck at EO Charging said, “We know that businesses and local governments want to meet the UK’s net zero goals, but the scale and cost of the electrification projects required present a substantial barrier.
“That’s why we’ve created this solution – to make it quicker and easier for our customers to access the capital, services, and expertise they need to electrify their fleets.”
Paul Dight, head of Low Carbon Vehicles Group, Addleshaw Goddard said, “The bus sector has particularly challenging electrification and net zero targets, requiring innovation in delivery and funding models for operators to achieve them.
“MOBILITe removes the hurdle of significant up-front investment costs by spreading them across the asset life.”