In December 2022, Barclays delivered a USD 300 million securitisation transaction for Einride, committing USD 150 million of its own funds. Einride, a Swedish company that designs, develops, and deploys technologies for freight mobility will use this securitisation programme to finance its global, electric truck assets and customer contracts—permitting it to continue to scale its fleet, increase investment in research and development, and further develop relationships with partners. Founded in 2016, Einride’s electric trucks and charging solutions allow shippers and carriers to go fully electric and reduce their carbon footprint.
Read more on Barclays’ net-zero targets here.
This case study was originally published in the Net-Zero Banking Alliance 2023 Progress Update (December 2023).
Disclaimer: NZBA shares case studies to promote member banks’ awareness of new approaches, tools, products, services, and transactions related to financing the transition to net zero. Featuring a case study naming a particular bank does not represent an endorsement of all actions from that bank.