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DLL, Xos Trucks Partner to Finance Transition to Fully Electric Trucks

December 23, 2020, 07:25 AM
Filed Under: Program Agreements
Related: DLL, Electric Trucks

Xos Trucks, Inc., a manufacturer of fully electric commercial vehicles, announced a partnership with DLL to provide financing for electric vehicles.

The financing partnership between Xos and DLL, a wholly owned subsidiary of Rabobank Group, will further enable the transition from traditional diesel trucks to electric.

“With increased attention on climate change and the West Coast coming off its worst year of wildfires in history, transitioning to zero-emission electric vehicles is more important now than ever,” said Dakota Semler, CEO and co-founder of Xos Trucks. “We’re offering the option for operating and capital leases so we can help fleets accelerate their transition to fully electric vehicles.”

“We are thrilled to partner with Xos Trucks to help fund in the transition to fully electric vehicles,” said Michael Hart, DLL Business Development Manager. “Clean technology and transportation is a very important part of our portfolio and we are happy to be working with a leader in the electric vehicle industry.”

“Our partnership with a global finance leader enables our customers to electrify their commercial fleets at limited upfront cost,” said Kingsley Afemikhe, Chief Financial Officer of Xos Trucks.

The new financing product will be available immediately.

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