Electric car subscription service Onto raises £100 million (nearly €114 mn) from global investment group CDPQ and asset manager Pollen Street. This will enable Onto to expand the UK fleet; however, internationalisation appears to be on the back burner.
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Nio will offer the possibility to not only rent but also buy its electric models in Europe from 21 November. Until now, the business model of the Chinese newcomer only provided a leasing option. According to the manufacturer, the feedback from interested parties has changed its mind.
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Californian startup Canoo has received another large order for its electric vehicles. Fleet leasing provider Zeeba has signed an agreement to buy 5,450 Canoo electric vehicles, with an initial binding commitment of 3,000 units by 2024.
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The German Federal Supreme Court is hearing a case to decide how much power manufacturers have over vehicle batteries in a lease. The court will decide whether it is legal for the battery of an electric vehicle to be remotely turned off in the case of an extraordinary termination of the lease.
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The French government is planning to subsidise electric vehicle leasing. Thanks to government support, all-electric vehicles could become available for as little as 100 euros per month.
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Steer EV, an electric car subscription service from Canada, has announced that it will lease more than 1,000 electric cars worth between 80 and 150 million US dollars through a cooperation with Enterprise Fleet Management. The new vehicles should enable Steer EV to drive its expansion in the USA.
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Onto has completed a Series C funding round, collecting about 59.1 million euros from investors. The fresh capital will help Onto grow the electric car fleet for subscribers and allow the service to expand beyond the British borders. Until now, Onto had been exclusive to the UK.
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The British electric car subscription service Onto has ordered another 700 electric cars for its fleet. The cars in question are 700 Corsa-e and Mokka-e from Vauxhall that can now be booked via Onto.
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US commercial vehicle manufacturer Mack Trucks has launched a new Vehicle-as-a-Service (VaaS) program. Essentially an all-inclusive leasing scheme, the company hopes to help customers manage expenses associated with acquiring the Mack LR Electric truck and integrate it into existing warranties.
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‘Autonomy’ is a new offer in California where TrueCar founder Scott Painter offers Tesla Model 3 cars for a monthly flat rate. The new venture has acquired about 100 vehicles from Tesla and has ambitious expansion plans.
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US fuel cell truck manufacturer Hyzon Motors announced the delivery of 29 hydrogen trucks to what the company considers a major steel conglomerate in China, namely Shanghai Hydrogen HongYun Automotive (HongYun). The fuel cell vehicles will haul steel coils in the conglomerate’s fleet in the coming months.
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Florida-based beverage wholesaler Tri-Eagle Sales has agreed to lease ten Nikola Tre battery-electric trucks. The first deliveries are scheduled for 2022. Ring Power Corporation, a member of Nikola’s sales and service dealer network, is acting as broker.
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British electric car subscription service Onto has ordered a further 1,050 Renault Zoe, following the 1,100 Zoe already ordered last year. Counting the new batch, the French model will account for more than a quarter of Onto’s electric car fleet.
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ALD Automotive is now offering leasing services for Tesla in 16 European countries. Companies can take advantage of ALD Automotive’s full-service leasing packages for the Model 3, Model Y, Model S and Model X.
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Hyundai Motor Group, which includes Kia, announced expanding a partnership with ride-hailing service Grab in Southeast Asia. The focus is now on piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, to facilitate the switch for Grab drivers.
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In the UK, Octopus Energy Group‘s EV arm, Octopus Electric Vehicles has launched a new leasing service called Electric Dreams. The service aims to help employees make the switch to clean driving easier and cheaper.
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With Tesla having launched the new Model 3 leasing scheme only about a month ago, the first changes adjust the monthly rate as well as a down payment – favourably so for those in the States. Meanwhile, new stores are to open in Europe.
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The ‘electric car that charges itself’ thus was the slogan Lightyear entered the EV stage with in 2017. The spin-off from the TU Eindhoven’s solar team has been working on their solar EV ever since and has now found a partner in LeasePlan that will help bring the ‘Pioneer Edition’ to consumers by 2020.
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Dutch leasing company LeasePlan has found a larget partner in SAIC Mobility Europe. Together they want to offer electric light commercial vehicles, starting with SAIC’s Maxus EV in Europe.
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