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New asset finance company launched by Jo Bamford

Posted on 01 Sep 2021 and read 2672 times
New asset finance company launched by Jo Bamford‘Green bus pioneer’ and Wrightbus owner Jo Bamford has launched FUZE, an asset finance company offering ‘the complete solution’ for the funding of zero-emission buses. Following the company’s successful launch of its Electroliner battery electric bus, and with single-deck iterations of both battery electric and hydrogen fuel-cell vehicles set to be unveiled at the Cenex-LCV show later this month, Mr Bamford said it was the perfect time to provide a complete financial solution across the entire zero-emission ecosystem.

Wrightbus, which celebrates its 75th birthday this year, was the first manufacturer in the world to have hydrogen and battery-electric vehicles in production, with buses running throughout the UK.

Operating exclusively within the zero-emission PCV (passenger-carrying vehicle) sector, FUZE will design, deliver and finance the ‘seamless transition to a zero-emission fleet’ by offering funding on the vehicles, infrastructure, fuel (either hydrogen or electric) and a repair and maintenance package.

The company is headed up by Ben Werth, who has 26 years’ experience in the bus industry. He said: “Jo and everyone who works at Wrightbus know that Government grants alone are not enough for bus operators to meet their own publicly stated zero-emission targets.

There are many moving parts within the transition to ‘net zero’. To achieve this a collaborative partnership approach between manufacturers, funders and bus operators is required. FUZE, by being a specialised zero-emission-focused asset finance company, is an integral part of this process.

“Working in collaboration with sister companies RYZE hydrogen and Wrightbus we have developed a total cost of ownership model encompassing the infrastructure, vehicle, fuel and R&M fleet maintenance for the duration of the contract and then distilling this down into a single fixed monthly cost.”