Pelican gets expanded loan fund
Wakefield-based Pelican has expanded its Green Loan and Sustainable Trade Instrument Facility from HSBC UK to £93.5 million, facilitating the supply of up to 600 battery electric buses from Chinese manufacturer, Yutong.
Jamie McCullough, Corporate Relationship Director at HSBC UK, said: “Pelican’s growth highlights the pivotal role UK businesses have to play in the shift towards zero emissions transportation. We’re excited to continue backing the efforts of the business as it targets further growth, helping to decarbonise the UK transport sector.”
As the exclusive UK and Ireland distributor for Yutong, Pelican will distribute a mix of fully electric single- and double-deck buses, intercity coaches, and airside buses to UK operators, bringing the total number of Pelican-supplied Yutong buses in the UK close to 1,000.
Richard Crump, Managing Director at Pelican, added: “HSBC UK has shared our vision and commitment to putting more electric buses into service across the UK since they funded our very first electric bus in 2017.
“With this Green Loan and Sustainable Trade Instrument Facility extension, we can continue to support the transition to zero-emission public transport, and we look forward to seeing these new buses serve communities nationwide.
“We are proud of our long-standing relationships with both HSBC UK and Yutong and are excited to see these zero-emission buses on the road.”