Nikola and Corcentric agree on leasing deals for trucks
Nikola and Corcentric Fleet Funding Solutions, have signed an agreement to facilitate sales of Class 8 Nikola Tre BEVs and FCEVs. Corcentric will purchase vehicles and related assets directly from Nikola to offer Nikola customers a bundled lease.
The agreement outlining the purchase of vehicles and related assets – such as charging equipment – should mean that Corcentric can offer Nikola customers trucks and related equipment, as well as fuel and maintenance, in a single agreement.
“We believe this partnership will allow Nikola to reach more customers by offering solutions to those who otherwise may not have access to financing options,” said Nikola Chief Financial Officer, Kim Brady. “The agreement will provide Corcentric a launching point to expand its offerings into the electric vehicle space. Together we expect to provide funding resources, multiple options to tailor leases to customer needs, and best-in-class customer care for fleet customers and owner/operators.”
Already this month, Nikola Motor has made headlines: by signing a multi-year contract with Proterra for batteries; by making an agreement with Covenant Logistics for 50 Nikola-Tre trucks, which includes 10 BEV and 40 hydrogen FCEV trucks; and earlier this month US logistics company, Heniff Transportation Systems, agreed to procure 100 Nikola Tre battery-electric trucks from Nikola, while Nikola also made agreements with Saia LTL Freight and Thomson Truck Centers.
Initial deliveries of the Nikola Tre BEVs began in late 2021. The Nikola Tre FCEV deliveries are anticipated in 2023.