LONDON, UK and SANTA MONICA, Calif., March 13, 2024 – Zeti, a leading provider of financial services, is proud to announce the successful facilitation of a significant vehicle financing deal with Otto Car and The Mayor of London's Energy Efficiency Fund (MEEF), managed by Amber Fund Management Limited. This partnership will see the deployment of 20 Skoda Enyaqs and 25 Nissan Ariyas, with a combined value of approximately £1.5 million, driving the future of electric mobility and sustainable transport. The deal represents a continued strategic collaboration aimed at accelerating the transition to cleaner, more energy-efficient vehicles on the road and underscores a shared commitment to advancing electric vehicle adoption in the UK.
“Partnering with Zeti and MEEF is significant in accelerating London's transition to zero emission mobility. At Otto Car, we’re proud to be at the forefront of sustainable road transport and this collaboration reinforces our commitment to delivering greener, more efficient solutions to help meet the UK's climate goal.”
- Gurinder Dhillon, Director of Otto Car
This deal marks the third collaboration between Zeti and Otto Car, building upon their already strong and successful partnership. To date, Zeti has facilitated the financing of close to 200 of Otto Car’s vehicles, utilizing a blend of financing structures that include pay-per-vehicle and utilisation-based financing models; an approach that delivers both flexibility and scalability.
“This partnership exemplifies Zeti’s commitment to driving the transition towards cleaner transportation options and empowering businesses to embrace sustainable practices.”
- Dave Kennon, Commercial Director, Zeti
“We are pleased to build on our existing partnership with Zeti and Otto through financing 45 electric vehicles on Zeti’s pay per car model, reducing carbon dioxide emissions and improving air quality across the Capital.”
- Pete Radford, Director of MEEF, Amber Infrastructure
For more information on Zeti and the company’s ongoing efforts to promote sustainable transportation, visit zeti.group.
About Zeti
Zeti is a leading financial services provider specializing in innovative solutions for businesses and individuals looking to invest in electric vehicles, sustainable technologies, and green initiatives. With a strong commitment to advancing the UK’s green agenda, Zeti offers customized financing options that support the transition to a low-carbon future.
About Otto Car
Otto Car is a leading fleet management and vehicle leasing company specializing in the provision of electric and hybrid vehicle solutions to businesses across the UK. With a focus on sustainability and performance, Otto Car helps organizations transition to cleaner, greener transportation.
About MEEF
MEEF was established by the GLA in 2018 and is managed by Amber Fund Management Limited (AFML). MEEF provides a mixture of senior debt, mezzanine debt and equity to London’s public-sector property owners and small-to-medium-sized businesses, including but not exclusively, Local Authorities, NHS Trusts, Registered Providers, Higher and Further Education organisations, Charities and Voluntary Organisations, ESCOs and SMEs.
About Amber
Amber Infrastructure (Amber) is a specialist international investment manager, focused on investment origination, asset management and fund management. With c.£5 billion in funds under management, Amber invests across eight funds and a number of managed accounts. Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Amber is headquartered in London with offices in Europe, North America, Australia and New Zealand. Amber employs approximately 180 infrastructure professionals globally and manages over 175 investments. Amber is part of Boyd Watterson Global Asset Management Group LLC, a global diversified infrastructure, real estate and fixed income business with over $35.7 billion in assets under management and over 300 employees with offices in eight US cities and presence in twelve countries.
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