In 2024, Rock Road was the preferred financier for the purchase and leasing of a fleet of 60 new electric buses to London General as part of a £100m bus financing platform launched in partnership with the National Wealth Fund, HSBC and Aviva.
Our experts conducted a UK bus market review of regulatory structure, vehicle types, battery technologies and local passenger transport demand. Furthermore, re-leasing assessment, indifference rental and total cost of ownership (TCO) analyses were undertaken to understand the fleet’s re-deploy-ability competitiveness against a new build competitor. We also provided comprehensive support in the lenders’ Q&A process.
Our assessments, combined with comprehensive support for the lenders' Q&A process, enabled a successful deal close in 2024 enabling Rock Road to launch their £100m financing platform.
