NGT News
December 23, 2020
Xos Trucks Inc., a Los Angeles-based manufacturer of fully electric commercial vehicles, has entered a partnership with DLL to provide financing for electric vehicles. DLL, a global asset finance partner focused on enabling businesses to more easily access equipment to help them grow, is a wholly owned subsidiary of Rabobank Group.
The financing partnership between Xos and DLL will further enable the transition from traditional diesel trucks to electric.
“With increased attention on climate change and the West Coast coming off its worst year of wildfires in history, transitioning to zero-emission electric vehicles is more important now than ever,” says Dakota Semler, co-founder and CEO of Xos Trucks. “We’re offering the option for operating and capital leases so we can help fleets accelerate their transition to fully electric vehicles.”
Share:
In an effort to overcome the cost barriers to buying electric vehicles, electric truck maker Xos Trucks Inc. on Tuesday announced a partnership with DLL to help finance the leasing of its all-electric commercial vehicles.
DLL is a global asset finance company and subsidiary of Rabobank Group.
The Xos X-Lease program will offer two types of full-service leases of the company s electric vehicles and charging equipment to fleets, helping them reduce energy, field and maintenance costs, a spokesperson said in an email to FreightWaves.
An operating lease will allow fleets to lease an electric vehicle without significant upfront investment. A capital lease targets the same goal but on a longer term.
Dickinson Buys Medium Duty Xos Trucks autoconnectedcar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoconnectedcar.com Daily Mail and Mail on Sunday newspapers.