Societe Generale Equipment Finance (SGEF) and Volta Trucks partner to support customers with individual integrated equipment finance solutions.
Operating and Finance lease agreements available for the all-electric Volta Zero.
Funding available as part of Truck as a Service offering.
Volta Trucks, the leading and disruptive all-electric commercial vehicle manufacturer and services provider, has announced a partnership with SGEF to offer vehicle financing as part of Volta Trucks’ Truck as a Service (TaaS) solution.
SGEF is a global leader and award-winning funder for equipment and vendor financing, working in a variety of industries and supporting businesses for over 25 years. SGEF is offering Volta Trucks’ customers Operating and Finance Lease funding programmes to support customer agreements across its European markets for up to eight years.
Volta Trucks offers its innovative Truck as a Service solution to enable a seamless, simplified and tailored transition to an electric fleet by providing seven turnkey product solutions, such as financing, insurance, and service & maintenance, enabling operators to maximise vehicle uptime and operational efficiency.
Chief Executive Officer of Volta Trucks, Essa Al-Saleh said:
“We’re delighted to partner with Societe Generale Equipment Finance. Their extensive financial expertise will help us to expand our reach, accelerate fleet adoption and drive positive change in the industry. These bespoke finance offerings paired with the residual value of the Volta Zero means we can provide customers with a lower Total Cost of Ownership as we continue to push the transition to an all-electric future.”
SGEF Chief Commercial Officer Florence Roussel-Pollet said:
“At Societe Generale Equipment Finance, we are committed to supporting sustainable initiatives that contribute to a greener future. This financial support will enable businesses to embrace the progression to electric fleets, fostering sustainability and innovation in the industry. We are thrilled to play a role in advancing electric fleet solutions across Europe.”
Notes to Editor
The Volta Zero is the world’s first purpose-built all-electric 16-tonne vehicle designed for urban logistics, reducing the environmental impact of freight deliveries in city centres. The Volta Zero is designed from the ground up with an operating pure-electric range of 150 – 200 kms (95 – 125 miles).
Safety is also at the heart of Volta Trucks, with the ambition to produce the safest trucks for our cities. The Volta Zero was designed for electric from the outset, which facilitates a step-change in vehicle, driver and pedestrian safety. Thanks to the removal of the internal combustion engine, the operator of a Volta Zero sits in a central driving position, with a much lower seat height than a conventional truck. This combination, plus a glass house-style cab design, gives the driver a wide 220-degrees of visibility, minimising dangerous blind spots.
Volta Trucks is also innovating with its Truck as a Service proposition that has revolutionised the financing and servicing of commercial vehicle fleets. Truck as a Service offers fleet managers a frictionless and hassle-free way to electrify their fleet by offering an all-inclusive service for a single, affordable, monthly fee. It provides access to an all-electric Volta Zero, with its charging infrastructure needs provided by world-leader Siemens, insurance through Europe’s premier insurtech broker, Qover, and servicing, maintenance, and training requirements, maximising the uptime and operational efficiency of the vehicle.
About Volta Trucks
Volta Trucks was founded in 2019 in Sweden. The company, focused primarily on operations across all major cities in Europe and the UK, is accelerating the transition to all-electric trucks, reducing the effects of climate change and helping make our cities safer, healthier and more sustainable for everyone. Volta Trucks has partnered with a number of global leaders in the supply chain for the development and production of the Volta Zero, at pace and scale. In total, Volta Trucks has raised over €360 million funding to date.
The company’s partner in contract manufacturing is in Steyr, Austria, where production of customer specification vehicles started in April 2023. The company has also established a network of ‘Volta Trucks Hub’ service and maintenance facilities in its launch markets, with the first four already announced in Bonneuil-sur-Marne, to the south of Paris, in Tottenham, London, Duisburg, to the west of the Rhine-Ruhr region in Germany, and in Madrid, Spain.
Societe Generale Equipment Finance (SGEF) is the international equipment and vendor finance specialist of Societe Generale group. With 1,500 experts, SGEF is a worldwide leading player and a key partner for manufacturers and vendors. Operating in more than 35* countries, Europe, the Americas, Asia and Africa, SGEF managed outstandings of €24bn and produced €10bn in New Business Volumes thanks to its sound industry knowledge in the Transportation, Industrial Equipment, Technology and Healthcare & Green Energy markets.
As a leading equipment finance solution provider, SGEF supports the transition towards more sustainability and care for the environment. SGEF has also the responsibility to pro-actively shape the future with its finance solutions together with its clients and partners through its strategy “Care & Dare about the Future”.
*At 31/12/2022 including SG group leasing activities and partnership
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