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Splend Secures Debt Facility to Double Its Zero Emissions Fleet and Lead EV Adoption Across The United Kingdom and Australia
Contract Type
partnership
SydneyTransportationAutomotiveLogisticsDescription
Splend, the largest private hire fleet operator across the UK and Australia, has secured a senior debt facility in excess of £150 million from Macquarie Specialised and Asset Finance (SAF), a division of Macquarie Group’s Commodities and Global Markets (CGM) business. The funding is expected to double Splend’s private hire vehicle fleet to well over 10,000 vehicles by 2025 across the UK and Australia, with a focus on zero-emission EVs. The senior debt facility and a £7.5 million increase in Splend’s Corporate Facility will enable the rapid deployment of private hire EVs, meeting the increasing demand for affordable, low-emissions transport solutions.