Daimler Truck Financial Service partners with Electrada

All-in-one Charging-as-a-Service solution (CaaS) will cover infrastructure and equipment costs and provide management and maintenance for electric charging.

Texas, United States- Daimler Truck Financial Services USA LLC., a financial service providers for commercial vehicles, is partnering with Electrada, a developer and operator of electric vehicle charging infrastructure, to support Daimler Truck Financial Services customers in the transformation towards sustainable transport. The companies signed an agreement to develop a Charging-as-a-Service (CaaS) solution. In a first step, the all-in-one solution will be provided to projects with selected customers in the USA in the first half of 2024.

Mr. Richard Howard, President of Daimler Truck Financial Services USA LLC. said that, We will provide complete charging services for our customers' electric trucks and buses in together with Electrada. Our joint service aims to provide a complete charging solution at a set, dependable monthly price. The service will cover the creation, management, and maintenance of the energy-contract as well as the infrastructure for charging. "We want to make switching to zero-emission vehicles as simple as possible for our customers so they can focus on their primary line of work, transportation. In the partnership, Daimler Truck Financial Services will provide insurance for the vehicle and the infrastructure as well as the billing and bundling of vehicle payment, insurance and energy.

Mr. Kevin Kushman, CEO of Electrada, said that, “Together with Daimler Truck Financial Services, we are excited to take this proactive step in introducing our 360 CaaS comprehensive electric fuel solution for fleets. Offering comprehensive Charging-as-a-Service solutions to quicken fleet electrification is a skill Electrada has previously developed. Customers are released from capital, performance, and price risk because we handle all management and maintenance.”

About Electrada

Electrada is based in Cincinnati, Ohio in the USA. The company serves multiple transportation segments with its unique 360 Charging-as-a-Service solution. Electrada partners with fleets to design and build customized EV charging solutions, then invests all the capital required to deliver a complete electric fuel program for a decade or longer. Electrada, founded in 2020 by energy, mobility and utility experts, is a BlackRock Climate Infrastructure portfolio company established to build and support high-performance EV infrastructure across North America.