Volvo Partnership Supports Electric Off-Highway Equipment Leasing

Volvo Penta and Volvo Financial Services have partnered on a finance solution for end customers designed to help support the transition to electric off-highway vehicles. DFDS, one of Northern Europe’s largest shipping and logistics companies, is the first customer to benefit from the partnership with its order of six MOL RME225 RoRo tractors, which are powered by Volvo Penta electric drivelines. DFDS and VFS are entering into a seven-year lease agreement on the 4×4 tractors.

The goal of the partnership is to support DFDS as it transitions a portion of its 280 diesel-powered terminal tractors to electric off-highway vehicles. The initial agreement sees the Volvo Penta electric drivelines supported by Volvo Penta service contracts for preventive maintenance and VFS insurance coverage.

“Leasing electric equipment is an attractive option for end customers while the technology evolves rapidly and the upfront investment remains higher than for traditional combustion engine equipment,” said Jeroen Overelde, area sales manager, Volvo Penta Industrial. “Now that we have developed this financial solution, we will bring this approach to other segments, markets, OEMs and customers.”