Eight-figure funding means company can supply up to 600 zero emission buses

A Wakefield-based company has secured a significant order of electric buses for the UK with the support of an eight-figure funding package from HSBC UK.

Pelican Engineering has expanded its existing Green Loan and Sustainable Trade Instrument Facility from HSBC UK, previously borrowing £60m in 2022, to now securing more than £90m.

This is enabling the supply of up to 600 new battery electric zero emission buses from Yutong, a Chinese manufa... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...