Autocar announces 'Power Up' program to finance electric fleets

Autocar announces ‘Power Up’ program to finance electric fleets

The "Power Up" program is a vehicle financing solution that is designed to help customers grow their electric fleets.

Autocar, a manufacturer providing custom-engineered severe-duty vocational vehicles, announced it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the “Power Up” program, a bundled vehicle financing solution that the companies say is designed to help customers grow their electric fleets as well as build and install charging infrastructure.

The partnership will allow Autocar customers to finance through Mitsubishi Capital their E-ACTTs (electric terminal tractor heavy-use vehicles), along with integrated software, hardware charging solutions and installation services through ChargePoint, enabling them to rapidly deploy electric vehicles, the companies say.

“As fleets continue to play a leading role in the transition to electrification, fleet operators will need integrated charging solutions to help streamline operations and deliver a lower total cost of ownership (TCO),” said Rich Mohr, vice president, fleet, at ChargePoint. “Together, Autocar, Mitsubishi Capital and ChargePoint are removing barriers to entry for electric fleets and delivering integrated software and hardware solutions that maximize their TCO advantage.”

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