Low carbon mobility-focused finance and investment firm Neot Capital announced the launch of Neot e-motion, a new leasing platform dedicated to zero-emission mobility in Europe. The new platform is being launched with €350 million (USD$394 million) in equity commitments from investors including Alba Infra Partners, Mirova, and the Banque des Territoires.
Founded in 2016, Paris-based Neot develops and manages investment platforms dedicated to low-carbon mobility projects following a model of enabling the financing of ambitious infrastructure projects led by public authorities and transport operators by removing barriers related to CapEx and technology risk. The firm launched its flagship platform Neot Green Mobility (NGM), also with the support of Alba, Mirova and Banque des Territoires, which invests in vehicles, charging stations, and batteries for vehicles, and then leases them to transport operators. and has financed over €350 million in mobility assets and raised €170 million in debt to support its development, primarily in France, the UK, and Scandinavia.
Neot is owned by Forsee Power, Mitsui & Co., Ltd., and EDF, via its corporate venture arm, EDF Pulse Ventures.
Following the model of Neot Green Mobility, the new Neot e-mission platform will offer tailor-made “as-a-service” financing solutions for low-carbon transport – including buses, coaches, trucks, boats, and charging infrastructure – on behalf of public authorities and transport operators, with Alba and Mirova focused on financing projects at the European level and beyond through Neot e-motion, and Banque des Territoires concentrating on the French market, through Neot e-motion France, a subsidiary of Neot e-motion.
Philippe Ringenbach, CEO of Neot, Capital, said:
“With Neot e-motion, we are reaching a new milestone alongside trusted partners who have supported us since Neot’s inception. The renewal of their commitment reflects the strength of our model and the shared vision that unites us. With nearly €500 million in equity, we now have an unprecedented level of financial capacity to support regions and transport operators in their transition to low-carbon mobility.”
Stéphane Grandguillaume, Chairman of Alba Infra Partners, added:
“We are very pleased to continue this journey with our long-standing industrial and financial partners to support the decarbonization of heavy transport in Europe. Neot e-motion’s projects play a central role in the energy transition, and we are confident that its business will continue to grow as the deployment of electric buses, coaches, boats, and trucks picks up pace, along with the increasing adoption of leasing models. By supporting transport operators in their shift toward green mobility, Neot e-motion is also contributing to the European Union’s energy independence.”
