Autocar, LLC, a manufacturer providing custom engineered severe-duty vocational vehicles, announced it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the Power Up Program, a bundled vehicle financing solution designed to help customers grow their electric fleets as well as build and install charging infrastructure. The partnership will allow Autocar customers to finance through Mitsubishi Capital their E-ACTTs (electric terminal tractor heavy-use vehicles), along with integrated software, hardware charging solutions and installation services through ChargePoint, enabling them to rapidly deploy electric vehicles.
The Autocar - Mitsubishi HC Capital America - ChargePoint Power Up Program is a game-changing solution that will help customers quickly adapt to the evolving transportation landscape and stay ahead of the curve. The collaboration demonstrates a shared commitment to speeding up the adoption of electric vehicles and enabling customers to benefit from the latest innovations in sustainability.
Andrew Taitz, Chairman of Autocar LLC, said, “Electrification is coming to the heavy truck segment perhaps faster than the industry can keep pace with it. That’s why the Power Up Program is there to bring financing solutions to the table for our customers who aren’t used to making the kinds of capital investment required for electric fleets. By combining the financing, infrastructure, services, and installation, this partnership aims to reduce the complexities and capital investment of transitioning fleets to electric.
“The ‘Power Up’ Program aligns with our ‘Always Up Promise,’ and we are excited to partner with Mitsubishi HC Capital America and ChargePoint to make it a reality. With the Power Up Program, our customers will have the power to grow their EV fleet, power to build the charging infrastructure, power to defer capital expenditure pressure, and the power to meet regulatory goals as we all march toward a world of reduced emissions,” Taitz said.
“We are more than excited to support Autocar’s market-leading battery electric Terminal Tractor – the E-ACTT – in advancing our collective interests to drive clean energy initiatives for both companies. Throughout Mitsubishi HC Capital America, we have a sincere commitment to the United Nations Sustainable Development Goals (SDGs) and we’re developing and implementing ways to advance these SDGs through financing, investing and services, with particular focus in the transportation mobility space – where clean energy and transportation cross paths. The transition to the Autocar E-ACTT Terminal Tractor from traditional ICE technology is a perfect match for Mitsubishi HC Capital America,” said John J. Critelli, Director of Corporate Development, Mobility Solutions for Mitsubishi HC Capital America.
“As fleets continue to play a leading role in the transition to electrification, fleet operators will need integrated charging solutions to help streamline operations and deliver a lower total cost of ownership (TCO),” said Rich Mohr, Vice President, Fleet, at ChargePoint. “Together, Autocar, Mitsubishi Capital and ChargePoint are removing barriers to entry for electric fleets and delivering integrated software and hardware solutions that maximize their TCO advantage.”