HVS launches Truck as a Service option

Commercial Motor
November 24, 2023

Operators can now access hydrogen HGVs through HVS’ new Truck as a Service offering. The programme has been launched in partnership with Zeti and Gravis Capital Management Limited. This pay-per-mile financing scheme minimises the risk for operators looking to transition to sustainable fuels such as the hydrogen fuel cell trucks HVS produces. By working with Zeti its existing partnerships will facilitate multi-million pounds worth of capital funds to support operators in accessing the Truck as a Service programme. 


Jawad Khursheed, CEO of HVS said: “The Transport as a Service offering from Zeti provides customers with complete certainty of costs for the duration of a vehicle contract. The pay-per-mile financing helps operators to optimise their cash flow and protect margins. We see this as a real value-add for those fleet operators looking to decarbonise their fleets to achieve challenging net zero targets.”


Unlike contract hire agreements the Truck as a Service offering covers up front vehicle costs, fuel, infrastructure and after sales support. HVS is now taking orders for its zero-emission hydrogen trucks which have a range of up to 600km on a single tank. 


Founded in London, Zeti is a green-fintech provider that supports fleets in rolling out zero-emission vehicles. The company also has locations in California and New York and to date has financed more than £32 million worth of vehicles. Operators using its pay-per-mile structure get access to a fleet operator portal with vehicle telematics. Billing information is available on this portal and payments are taken automatically. The Truck as a Service option allows operators to work out how much the vehicle will cost, moving away from the traditional total cost of ownership metric. 


As well as Zeti, the new Truck as a Service offering from HVS is supported by Gravis Capital. The alternative investment fund manager handles approximately £1.5 billion of assets. Its focus is on long-term facilities such as infrastructure and renewable energy generation. 


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