Neot e-motion Launches to Boost Zero-Emission Mobility in Europe
Launches New Funding of $390 Million for a Eco-Friendly Mobility Finance Venture by Neot
Neot Capital, a Paris-based finance and investment firm specialising in low carbon mobility projects, has unveiled Neot e-motion - a new leasing platform dedicated to zero-emission mobility across Europe.
The platform's projects are central to the energy transition, according to SteΜphane Grandguillaume, Chairman of Alba Infra Partners. He expressed confidence in Neot e-motion's role in the growth of electric buses, coaches, boats, and trucks, as well as the increasing adoption of leasing models.
Neot e-motion has secured nearly β¬500 million in equity commitments from investors, including Alba Infra Partners, Mirova, and the Banque des Territoires. This significant financial backing will provide the platform with an unprecedented level of capacity to support regions and transport operators in their transition to low-carbon mobility.
Philippe Ringenbach, CEO of Neot Capital, hailed the launch as a new milestone with trusted partners who have supported the firm since its inception in 2016. The firm's flagship platform, Neot Green Mobility (NGM), invests in vehicles, charging stations, and batteries for vehicles, before leasing them to transport operators.
Besides Neot Capital, the founding institutions of the Neot e-motion platform include other undisclosed partners, with a total equity capital contribution of β¬120 million. Alba and Mirova will focus on financing projects at the European level and beyond, while Banque des Territoires will concentrate on the French market through Neot e-motion France, a subsidiary of Neot e-motion.
Neot e-motion is set to contribute to the European Union's energy independence by supporting transport operators in their shift towards green mobility. The platform will offer tailor-made "as-a-service" financing solutions for low-carbon transport, including buses, coaches, trucks, boats, and charging infrastructure.
The equity commitment from Alba Infra Partners is part of their continued journey to support the decarbonization of heavy transport in Europe. Mirova's renewed support for Neot e-motion reflects the strength of Neot's model and the shared vision that unites the partners.
Neot is owned by Forsee Power, Mitsui & Co., Ltd., and EDF, via its corporate venture arm, EDF Pulse Ventures. The firm's latest venture, Neot e-motion, is poised to play a crucial role in the expansion of zero-emission mobility across Europe.
NGM has already financed over β¬350 million in mobility assets and raised β¬170 million in debt to support its development, primarily in France, the UK, and Scandinavia. With Neot e-motion, the firm aims to further expand its reach and accelerate the transition towards a low-carbon mobility future.
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