NEoT Green Mobility extends its financing structure capacity

With the support of KfW IPEX-Bank, NEoT Green Mobility (NGM), an industry frontrunner in green mobility asset financing, extends its existing multi-currency financing structure capacity to attain EUR 145 million equivalent, bolstering further its growth in Europe. KfW IPEX-bank joins Crédit Agricole CIB and La Banque Postale as co-lender. 
  
With this additional financing, NGM ascertains itself at the forefront of the energy transition financing by accompanying private and public entities in their transition to zero-emission mobility.

This transaction follows not only the 2022 extension of this facility, with La Banque Postale as new co-lender, but also NGM’s successful 2021 fundraising of EUR 80 million with 3i EOPF, Mirova Eurofideme 4 and Banque des Territoires, and underlines NGM’s consistent performance and growth in EU and the United Kingdom. Besides further increasing its financing capacity, NGM is more importantly one step closer to reaching its target of EUR 400 million assets under management by 2025. 

The “E-Mobility-as-a-Service” solutions of NGM include the financing and supply of batteries, vehicle fleets or charging solutions for sectors including urban and inter-urban public transport, logistics, shipping, inland navigation, rail and charging solutions. The company is also exploring existing hydrogen-based solutions.

NGM is managed by NEoT Capital. Crédit Agricole CIB acted as lead arranger of this new transaction. Reed Smith assisted NGM and Crédit Agricole CIB as legal counsel for the transaction.