The turnkey solution offers funding on the vehicles, infrastructure, fuel – either hydrogen or electric – and a repair and maintenance package for a single fixed monthly cost.
The founder of bus company Wrightbus is launching an asset finance company to provide a turnkey funding solution for zero-emission buses.
Following Wrightbus’ launch of its battery electric bus, the Electroliner, Jo Bamford said he felt it was the perfect time to provide the financial solution to help operators get more buses on the roads in the race to net zero.
Wrightbus, which celebrates its 75th birthday this year, was the first manufacturer in the world to have hydrogen and battery-electric vehicles in production, with buses running all across the UK.
Fuze will design, deliver and finance the seamless transition to a zero-emission fleet by offering funding on the vehicles, infrastructure, fuel – either hydrogen or electric – and a repair and maintenance package for a single fixed monthly cost.
“Jo and everyone who works at Wrightbus know that government grants alone are not enough for bus operators to meet their own publicly stated zero emission targets,” said Ben Werth, who heads the new company having joined from Mistral Group where he had responsibility for the entire asset finance portfolio.
“There are many moving parts within the transition to net zero. To achieve this a collaborative partnership approach between manufacturers, funders and bus operators is required. Fuze, by being a specialised zero-emission focused asset finance company, is an integral part of this process.”
Working in collaboration with sister companies Ryze Hydrogen and Wrightbus, Fuze is available across the entire Wrightbus range of fuel cell electric vehicles and battery electric buses, single or double deck, over varying lengths of contracts dependent on the operators’ requirements.
“Wrightbus know that government grants alone are not enough for bus operators to meet their own publicly stated zero emission targets”
The solution is also supported by the telematics system, WB Uptime 365. This gives the operator real-time information and a 24-hour overview of the vehicle’s performance and uses artificial intelligence to allow for predictive rather than reactive maintenance.
“The predictive nature of WB Uptime 365 enables Fuze to offer, as part of its complete funding package, repair and maintenance for the duration of the agreement,” continued Werth.