Pelican to supply extra 780 electric Yutongs with HSBC funding

Pelican Engineering has secured additional funding from HSBC UK to increase the supply of electric buses and coaches across the UK.

Pelican is to supply an extra 780 battery electric Yutong buses for UK operators in the coming year. This latest order of vehicles includes fully electric single deck E10 and E12 buses, over one hundred GTe14 long range electric intercity coaches, 123 electric U11DD double-deckers and electric wide-body airside buses.

The acquisition is supported by an eight figure increase to an existing HSBC UK green trade facility at the business. The additional funding positions Pelican Engineering as one of the largest zero-emission bus suppliers in the UK.

“Not only is this a very significant step for our business, but also for the decarbonisation of UK bus and coach fleets” – Richard Crump, Managing Director at Pelican Bus and Coach

Richard Crump, Managing Director at Pelican Bus and Coach, said: “Not only is this a very significant step for our business, but also for the decarbonisation of UK bus and coach fleets. In recent years, we’ve seen continuous growth in demand for electric vehicles, as more operators have invested in depot charging capabilities and made long-term strategic commitments to replace diesel buses supported by ambitious government funding.

“To harness this momentum and support this transition throughout the sector, we need dependable and reliable vehicles that deliver best in class performance and consumption at a competitive price. This is why we feel our partnership with Yutong is so important for the future of UK transport. Having just renewed our exclusive long term distribution agreement with Yutong, we look forward to getting more zero emissions vehicles on UK roads.

“I am also hugely grateful for HSBC UK’s continued confidence and support for our business.”

“The UK bus and coach sector is a genuine success story we should be celebrating” – Jamie McCullough, Corporate Relationship Director at HSBC UK

Jamie McCullough, Corporate Relationship Director at HSBC UK, added: “The UK bus and coach sector is a genuine success story we should be celebrating. The industry is an example of Britain being a standout international leader, with operators adopting zero emissions that reduce carbon emissions and improve air quality in our towns and cities. Pelican has played a big part in the transition of this sector so it’s fantastic to extend our support for the business, as it continues to play a significant role in decarbonising the future of UK travel.”