TEB Arval plans to fleet 1,200 electric cars thanks to ERWE loan
TEB Arval says it wants to play a pioneering role in the transition to low-carbon mobility in Turkey and is aiming to significantly increase the proportion of electric vehicles in its overall fleet by 2027. The European Bank for Reconstruction and Development (EBRD) is now granting the company a loan for this purpose. This is because: “By integrating electric vehicles into its fleet, the company is not only reducing its carbon footprint, but also setting a precedent for the industry,” as Mehmet Erdem Yasar, Deputy Head of the EBRD for Turkey, says.
TEB Arval is a 50:50 joint venture established in Turkey in 2007 as a joint venture between TEB Holding A.S. and Arval Service Lease SA, focussing on fleet leasing and mobility solutions. The shareholder Arval is known as a globally active leasing group, while the second parent company, TEB Holding, is itself a joint venture between BNP Paribas Fortis Yatirimlar and the Colakoglu Group.
The 50 million euro loan is now intended to kick-start the turnaround. Kağan Yaşa, CEO of TEB Arval, commented: “We at TEB Arval are committed to shaping the full-service leasing sector with our sustainable mobility solutions. Our comprehensive range of electric vehicle leasing options – which we complement with consultancy, charging solutions, back-up vehicles and driver training – not only reduces carbon emissions, but also strengthens our goal of offering more sustainable and innovative solutions to our customers. This collaboration with the EBRD marks a significant step towards promoting low-carbon transport across the country.”
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