Volta Trucks has partnered with NEoT Green Mobility to develop the financing solutions for its Truck as a Service lease agreements.
The funding will enable Volta trucks to offer its European customers a wide range of financing solutions for the all-electric Volta Zero through the TaaS offering. Credit applications with NEoT Green Mobility will be available in Q2 2023 to finance the first Truck as a Service contracts.
NEoT Green Mobility is a European investment platform, based in France, that aims to provide sector players with turnkey zero-emission mobility solutions. The investment platform is funded by a range of investors including 3i EOPF, Mirova Eurofideme 4, Banques des Territories and EDF Pulse Ventures, and says it has an ambition to offer operating lease solutions to finance up to 2000 trucks from 2023.
The platform will offer Volta Trucks’ European customers up to eight years of integrated Operating Lease with maintenance-included solutions. This partnership will provide a lower Total Cost of Ownership for customers as they transition to an all-electric future.
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.”
