Wrightbus owner offering zero-emission bus fund
Wrightbus Chief Executive, Jo Bamford, has launched a fund offering a complete solution for the purchase of zero-emission buses.
FUZE (Funding Zero Emissions) is an asset finance company which will provide a bespoke zero-emission purchase solution.
Operating exclusively within the zero-emission PCV sector, FUZE aims to design, deliver and finance the seamless transition to a zero-emission fleet by offering funding on the vehicles, infrastructure, fuel (either hydrogen or electric) and a repair and maintenance package.
Following the company’s launch of its battery electric bus, the Electroliner, at ITT Hub, and with single deck iterations of both battery electric (BEV) and hydrogen fuel cell (FCEV) due to be launched at the Cenex Low Carbon show in September, Mr Bamford said it was the perfect time to provide a complete financial solution across the entire zero-emission ecosystem.
FUZE is headed up by Ben Werth, who joins from Mistral Group Ltd where he was Group Sales Director.
“Jo and everyone who works at Wrightbus know that government grants alone are not enough for bus operators to meet their own publicly stated zero emission targets” – Ben Werth
Operating exclusively within the zero-emission PCV sector, FUZE aims to design, deliver and finance the seamless transition to a zero-emission fleet by offering funding on the vehicles, infrastructure, fuel (either hydrogen or electric( and a repair and maintenance package.
Mr Werth, who has 26 years’ experience in the bus industry, said: “Jo and everyone who works at Wrightbus know that government grants alone are not enough for bus operators to meet their own publicly stated zero emission targets.
“There are many moving parts within the transition to net zero. To achieve this a collaborative partnership approach between manufacturers, funders and bus operators is required. FUZE, by being a specialised zero-emission focused asset finance company, is an integral part of this process.
“The industry is on the cusp of vital change and when the chance came to be part of this, I knew I couldn’t turn down such an opportunity.”
Be said FUZE would make life easier for operators by distilling every part of the bus operational costs into a fixed monthly cost.
He said: “Working in collaboration with sister companies RYZE hydrogen and Wrightbus we have developed a total cost of ownership model encompassing the infrastructure, vehicle, fuel and R & M fleet maintenance for the duration of the contract and then distilling this down into a single fixed monthly cost.
“This is available across the entire Wrightbus range of FCEV and BEV buses, single or double deck, over varying lengths of contracts dependent on the operators’ requirements.
“This is a unique offer within the public transport sector and is supported by an industry-changing telematics system in WB Uptime 365.”
WB Uptime 365 gives the operator real-time information and a 24-hour overview of the vehicle’s performance and uses AI to allow for predictive rather than reactive maintenance.
“The predictive nature of WB Uptime 365 enables FUZE to offer as part of its complete funding package R & M for the duration of the agreement,” he continued.
“Combining all these costs together is unique within our sector – it really is as exciting as asset finance can get.”