NeoT & 3SIIF partner to transition to zero-emission fleets in CEE

Through the strategic partnership, NEoT Green Mobility (‘NGM’), the European platform managed by NEoT, and the Three Seas Initiative Investment Fund (‘3SIIF’), will seek to deploy capital to boost the transition to zero-emission mobility in Central and Eastern Europe (‘CEE’). The partnership will initially look to invest in zero-emission buses and associated infrastructure across the CEE region, with the expectation of expanding into other fleet sectors such as municipal vehicles and delivery vehicles.

Since entering the market in 2017, NGM has established itself as a leading financier of zero-emission vehicles, charging infrastructure and static batteries in Europe. NGM is managed by NEoT, an innovative management company bringing together technical expertise and financial structuring to develop turnkey service and financing solutions for low carbon mobility and stationary projects.

3SIIF is a dedicated commercial fund targeting infrastructure investments in the CEE region. The Fund invests in energy, transport and digital infrastructure in EU CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. Amber Infrastructure, as 3SIIF’s investment adviser, has an established track record in developing and investing in energy storage assets and zero emission vehicles.

The partnership will deliver projects across the CEE region to help member states achieve the objectives associated with the EU’s Clean Vehicle Directive. Zero-emission buses will form the initial focus of the partnership, but as more heavy-duty vehicles become available to the market, NEoT and 3SIIF will also look to support large fleet operators in the region in their decarbonisation process.

The partnership will support CEE bus operators in their switch to zero-emission mobility bringing flexible and tailored solutions. These “mobility-as-a-service” solutions provide a complete financing and asset management package (covering buses, batteries, telematics and charging infrastructure) through to a more traditional bus leasing solution for operators who have their own charging infrastructure capabilities will make simpler and accelerate the energy transition of the operators and the local authorities.

The partnership will seek to provide long-term funding solutions to bus operators, thus providing them with cost certainty for the full life of the vehicles while also providing contractual flexibility to allow for technology upgrades during the life of the contract.

“Cities are increasingly requiring solutions for a clean, sustainable future, with zero-emission mobility playing an essential role,” said Philippe Ringenbach, CEO of NEoT. “The partnership with 3SIIF reinforces our commitment to develop sustainable public transportation systems and other key mobility segments leveraging our expertise in zero-emission mobility.”

Christian Roy, Investment Director at Amber Infrastructure commented: “This strategic partnership provides 3SIIF with a strong entry point into the promising zero-emission mobility sector. The cooperation with NEoT, a true market leader in the clean-energy transition, represents a compelling proposition to support 3SIIF’s sustainability objectives as vehicle electrification is critical to reducing air pollution caused by emissions and meeting decarbonisation goals.”

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IMPORTANT NOTICE

For the purpose of investors in the EU, this announcement qualifies as a marketing communication in accordance with the Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings and the ESMA Guidelines on marketing communications under the Regulation on cross-border distribution of funds.

This announcement does not constitute or form part of, and should not be construed as, an offer, invitation or inducement or recommendation to make an investment in 3SIIF nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

3SIIF is suitable only for "professional investors" (within the meaning of the EU Directive 2014/65/EU on markets in financial instruments) domiciled or with a registered office in jurisdictions where 3SIIF is authorised for marketing. 

The full details of the investment features, risks and costs related to 3SIIF are disclosed in the confidential private placement memorandum.

Amber Infrastructure Group

Amber Infrastructure (‘Amber’) is a specialist international investment manager, focused on investment origination, asset management and fund management.  With over €5.5 billion in funds under management, Amber invests across eight funds and a number of managed accounts.

Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.

Amber is headquartered in London with offices in Europe, North America and Australia and manages over 175 investments. Amber employs over 170 infrastructure professionals globally.

The Three Seas Initiative Investment Fund

3SIIF is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (‘CEE’). The Fund invests in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. The Three Seas Region is comprised of 12 EU CEE member states which border the Baltic, Adriatic and Black Seas.

The Fund’s investments comprise: Cargounit, Poland’s largest locomotive leasing business which is currently expanding within the Three Seas Region; Enery, a renewable generation company developing assets in the Three Seas Region, with a portfolio of operating solar generation assets in Bulgaria, Czech Republic and Slovakia; Greenergy, a data centre platform aiming to service the compute and storage needs of the Three Seas Region and BMF Port Burgas, a major port operator in Bulgaria.

Amber Infrastructure Group is the exclusive investment adviser to the Fund and is responsible for origination, asset management and capital raising services.

NEoT Capital

NEoT Capital is a company dedicated to supporting the energy transition to zero-emission mobility and low-carbon energy. Founded by leading industrialists, NEoT creates and manages investment platforms that finance the deployment of zero-emission equipment based on innovative energy storage solutions. NEoT brings together leading investors who will invest in these assets, carry them, and make them available to local authorities or operators as global services. Thanks to NEoT's technical and financial expertise, these services include not only financing but also support in the management and development of the equipment. NEoT has already deployed two platforms: NEoT Green Mobility with 3i, Mirova, Banque des Territoires and EDF Pulse Ventures* to finance zero-emission mobility in Europe, and NEoT Off Grid Africa with Meridiam and EDF Pulse Ventures* to finance decentralized and renewable energy production solutions in Africa.

*through EDF Pulse Holding , EDF group ‘s corporate venture capital arm

NEoT Green Mobility

NEoT Green Mobility (NGM) is an investment platform dedicated to finance the Zero-Emission mobility, created to support public authorities, transport operators, and logistics and industrial companies in their energy transition, in Europe. As of today, NGM, managed by NEoT Capital, has more than €150m assets committed, in particular more than 300 vehicles and batteries, and more than 4000 installed EV charging points.

As of today, NGM, managed by NEoT Capital, has more than €150m assets committed, in particular more than 300 vehicles and batteries, and more than 4000 installed EV charging points.