NextGen AssetCo Limited

First Electric Bus Fleet (Project NextGen) - Financing

Industry
Transport/Electric Vehicles
Area of finance
Project & Infrastructure Finance
Region
Europe
Europe
Countries
United Kingdom

Deal Overview

FirstGroup has agreed a strategic partnership with Hitachi as part of the FirstGroup' bus fleet and infrastructure decarbonisation programme. A newly formed 50:50 joint venture, NextGen AssetCo Limited, to purchase up to 1,000 electric bus batteries valued at £100m, as part of First...

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Deal Volume
$113.57m
Financial Close
16/11/2023
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

First Electric Bus Fleet (Project NextGen)
$127.57m
Greenfield
Electric Vehicles
Europe
Europe
United Kingdom