Partnership for Sustainable Transportation
Daimler Truck Financial Services, a leading provider of financial services for commercial vehicles, is teaming up with Electrada, known for its electric vehicle charging infrastructure, to assist Daimler Truck customers in transitioning to sustainable transportation solutions. They have formalized an agreement to launch a Charging-as-a-Service (CaaS) initiative, set to debut with selected U.S. clients in the first half of 2024.
Comprehensive Charging Solutions
Richard Howard, President of Daimler Truck Financial Services USA LLC, stated, “In collaboration with Electrada, we aim to provide our customers with a full-service charging solution for their electric trucks and buses. This comprehensive offering will feature a fixed monthly rate covering the development, management, maintenance of the charging infrastructure, and energy contracts. Our objective is to simplify the transition to zero-emission vehicles, allowing customers to focus on their transportation businesses.”
Supporting Fleet Electrification
As part of this partnership, Daimler Truck Financial Services will also offer insurance for both the vehicles and infrastructure and handle the billing for vehicle payments, insurance, and energy services.
Electrada’s Commitment
Kevin Kushman, CEO of Electrada, expressed, “We are pleased to take this proactive step in deploying our complete electric fuel solution, 360 CaaS, for fleets in collaboration with Daimler Truck Financial Services. With our significant experience in providing extensive Charging-as-a-Service solutions, we aim to accelerate fleet electrification while managing all aspects, thus relieving customers of capital, performance, and pricing risks.”
Existing Electric Truck Offerings
Daimler Truck has already introduced battery-electric truck models in the U.S., including the eCascadia, with series production for the Freightliner eM2 commencing in the final quarter of this year.
About Daimler Truck Financial Services
Daimler Truck Financial Services facilitates the sale of Daimler Truck vehicle brands in 16 global markets, offering leasing, financing, and insurance solutions. The company supports customers in transitioning to sustainable transport with innovative charging services, electric infrastructure, and battery leasing options. Established in December 2021, it currently employs around 1,900 staff and maintains a global portfolio valued at €25.4 billion.
About Electrada
Based in Cincinnati, Ohio, Electrada serves various transportation sectors with its exclusive 360 Charging-as-a-Service model. Collaborating with fleets, Electrada customizes and invests in EV charging solutions, delivering a comprehensive electric fuel program that lasts a decade or more. Founded in 2020 by experts in energy, mobility, and utilities, Electrada operates as a portfolio company of BlackRock Climate Infrastructure, aimed at developing high-performance EV infrastructure across North America.
