News

Lending & Credit Markets

Staff Reporter

, UK

Published:

9 months ago

9 months ago

One of the iconic red double decker buses in London. Photo by Dave Kim via Unsplash.

Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK

The two will make business models enabling operators to clinch EV funding.

The two will make business models enabling operators to clinch EV funding.

MUFG bank is investing £4.7m in Hitachi ZeroCarbon’s Next Gen project, which aims to introduce 1,000 new e-buses in the United Kingdom.

The move comes in the heels of a business co-creation agreement between MUFG and Hitachi ZeroCarbon, signed on 22 December 2023.

ALSO READ:Japanese banks back fund to develop space industry

The two companies aim to establish business models and structures that will enable fleet operations to receive funding for EV vehicles and assets.

Hitachi ZeroCarbon reportedly aims to develop and expand its business in the UK, Europe and globally, by leveraging its advanced skills and expertise in the operation and management of batteries, supported by its parent company, Hitachi, MUFG said in a press release.

(US$1 = £0.79; as of 15 May 2024, 3:01 PM)

MUFG

MUFG Bank

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Banking & Finance account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit