Neot, a provider of as-a-service solutions for low-carbon transportation, is to launch its new pan-European leasing platform dedicated to zero-emission mobility in Europe.
The Neot e-motion platform is backed by a €350m equity commitment by long-standing partners Alba Infra Partners, Mirova through its Mirova Energy Transition 6 fund, and Banque des Territoires.
Following the model of Neot Green Mobility — the flagship platform launched in 2017 by Neot with the support of Alba, Mirova and Banque des Territoires — Neot e-motion aims to offer innovative, tailor-made as-a-service financing solutions for low-carbon transport including buses, coaches, trucks, boats and charging infrastructure, on behalf of public authorities and transport operators.
While Alba and Mirova will focus on financing projects at the European level and beyond through Neot e-motion, Banque des Territoires will concentrate on the French market, through Neot e-motion France, a subsidiary of Neot e-motion.
Philippe Ringenbach, CEO of Neot Capital, said: “With Neot e-motion, we are reaching a new milestone alongside trusted partners who have supported us since Neot’s inception. The renewal of their commitment reflects the strength of our model and the shared vision that unites us.
“With nearly €500m in equity, we now have an unprecedented level of financial capacity to support regions and transport operators in their transition to low-carbon mobility.”
Stéphane Grandguillaume, chairman of Alba Infra Partners, said: “We are very pleased to continue this journey with our long-standing industrial and financial partners to support the decarbonisation of heavy transport in Europe.
“Neot e-motion’s projects play a central role in the energy transition, and we are confident that its business will continue to grow as the deployment of electric buses, coaches, boats, and trucks picks up pace, along with the increasing adoption of leasing models.”
Witold Marais, investment director at Mirova, said: “By 2030, the transport sector could account for nearly half of greenhouse gas emissions in Europe. Neot e-motion helps remove financial barriers to investment—now more necessary than ever for decarbonisation.
“Building on the success of Neot Green Mobility, we are proud to support Neot e-motion in helping European transport companies transition to low-carbon mobility.”
François Wohrer, head of investment at Banque des Territoires that, as an early supporter of Neot Green Mobility since its inception, the bank “is proud to renew its commitment to zero-emission mobility with the launch of Neot e-motion France”.
Neot Green Mobility has already financed over €350m in mobility assets and raised €170m in debt to support its development, primarily in France, the UK and Scandinavia.
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