Mobiltiy firm Ayvens has signed a new financing agreement with the European Investment Bank (EIB) to extend its range of electric light commercial vehicles (eLCVs).
The EIB and Ayvens’s new financing agreement aims to rollout a fleet of 19 000 eLCV in Europe, primarily in Germany, France, Italy, and the Netherlands, across the next three years.
This agreement, which breaks down into a €350m credit envelope granted by the EIB and an equivalent €350m co-investment made by Ayvens, helps companies to finance their electric transition.
Low-emission zones (LEZs) have emerged as a key urban vehicle access regulation (UVAR) for improving air quality in European cities and are recognised as a primary clean air measure in the “EU Mission for Climate-neutral and Smart Cities” Programme.
The development of LEZs throughout Europe is one of the main drivers in the transition of fleets to
electric LCVs (eLCVs). But transitioning to electric remains challenging for LCV drivers and customers, as there are barriers including vehicle availability, affordability, charging infrastructure, and grid capacity. The constantly evolving regulatory framework is also impacting the growth of the eLCV market, the company said.
Patrick Sommelet, Group Deputy Chief Executive Officer and Chief Financial Officer of Ayvens, said:
“This new co-investment contributes to the funding diversification of our activities and to our sustainability strategy. But most of all, it marks an important step forward in providing our clients accessibility to a wider range of eLCVS, at attractive prices.
“Ayvens plays an important role in supporting clients as they face market complexity on their electrification journey. LCVs are essential work tools, and they must remain fit for purpose regardless of the powertrain. With industry-leading consultancy tools and expert fleet advice, our objective is to facilitate a seamless transition to electrification while safeguarding business continuity.”
EIB Vice-President Ambroise Fayolle said:
“This new finance agreement with Ayvens demonstrates the EIB’s leading role in finding innovative
financial solutions for decarbonising Europe’s vehicle fleet and the transition to a low-carbon economy.
“We are proud to help develop the supply of electric vehicles to SMEs, which are among Ayvens’ most important customers.”
