NEoT – 3SIIF will provide financing and leasing for zero emission buses in CEE region

NEoT Green Mobility (NGM) and the Three Seas Initiative Investment Fund (3SIIF) will work together to provide capital to advance the shift towards zero-emission public transport in Central and Eastern Europe (CEE).

The partnership aims to initially invest in zero-emission buses and the necessary infrastructure throughout the CEE region, with plans to broaden their scope to include other fleet sectors, such as municipal vehicles and delivery vehicles, in the future.

NEoT is an investment company supporting the development of e-mobility and distributed renewable energy services.

NEoT – 3SIIF for zero emission buses

The partnership will carry out projects throughout the Central and Eastern Europe (CEE) region to assist member states in meeting the goals outlined in the EU’s Clean Vehicle Directive. The initial focus will be on zero-emission buses, they say, but as more heavy-duty vehicles become available, NEoT and 3SIIF will also support large fleet operators in the region in their efforts to reduce carbon emissions.

The partnership has the goal of assisting bus operators in the Central and Eastern Europe (CEE) region in transitioning to zero-emission mobility by offering customized and flexible solutions. These “mobility-as-a-service” offerings (they are identified with this expression in the press note announcing the cooperation) include a comprehensive financing and asset management package, covering buses, batteries, telematics, and charging infrastructure. For operators who have their own charging infrastructure capabilities, the partnership will provide a more traditional bus leasing solution, making the energy transition for both the operators and local authorities simpler and faster.

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NGM entered the market in 2017 and is managed by NEoT, an investment company supporting the development of e-mobility and distributed renewable energy services.

3SIIF is a dedicated commercial fund targeting infrastructure investments in the CEE region. The Fund invests in energy, transport and digital infrastructure in EU CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. Amber Infrastructure, as 3SIIFs investment adviser, has an established track record in developing and investing in energy storage assets and zero emission vehicles, the companies underline.

“Cities are increasingly requiring solutions for a clean, sustainable future, with zero-emission mobility playing an essential role,” said Philippe Ringenbach, CEO of NEoT. “The partnership with 3SIIF reinforces our commitment to develop sustainable public transportation systems and other key mobility segments leveraging our expertise in zero-emission mobility”.

Christian Roy, Investment Director at Amber Infrastructure commented: “This strategic partnership provides 3SIIF with a strong entry point into the promising zero-emission mobility sector. The cooperation with NEoT, a true market leader in the clean-energy transition, represents a compelling proposition to support 3SIIF’s sustainability objectives as vehicle electrification is critical to reducing air pollution caused by emissions and meeting decarbonisation goals”.