NFI introduces NFI Financial Solutions™ alongside increased North American demand for innovative EV financing
Comprehensive financing will enable EV and infrastructure deployment at scale and support the purchase of NFI vehicles, infrastructure, and batteries
Winnipeg, Manitoba, CANADA – November 9, 2021: (TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced the launch of NFI Financial Solutions™ – its comprehensive vehicle, infrastructure, and battery financing service. The announcement occurred during the American Public Transportation Association’s TRANSform Conference and EXPO in Orlando, Florida.
NFI Financial Solutions™ offers North American public and private operators the flexibility and support needed to procure vehicles, infrastructure, and batteries, ultimately supporting fleet deployment while also making the transition to zero-emission more accessible. Financing covers new and pre-owned buses and coaches, infrastructure development (including hardware, software, and support services offered by NFI Infrastructure Solutions), and vehicle batteries.
“NFI Financial Solutions effectively matches our customers with the industry’s most competitive lenders and enables the purchase and deployment of NFI’s mobility solutions,” said Pipasu Soni, Chief Financial Officer, NFI. “Previously known as MCI Financial Services, the all new NFI Financial Solutions has expanded to incorporate innovative financing for batteries and infrastructure and can now support the purchase of any NFI vehicle in any propulsion – spanning the entire New Flyer, MCI, Alexander Dennis, and ARBOC product lines.”
Designed to keep mobility projects moving, NFI Financial Solutions™ delivers numerous benefits, including easy application processes, access to competitive financing from top lenders, purchase support for any propulsion (including clean diesel, compressed natural gas, battery-electric, and hydrogen fuel cell-electric), and customized financial solutions tailored to unique customer situations and needs. Financing options include tax-exempt lease purchases (or “TELPs”), fixed or floating rate loans, Terminal Rental Adjustment Clause (or “TRAC”) leases, and special payment structures such as seasonal, step-up, or step-down payments. To learn more, visit nfigroup.com/fs.
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and the Company’s vehicles have completed over 50 million EV service miles. Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through a four-pillar approach that includes buses and coaches, technology, infrastructure, and workforce development.
NFI also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development. Since opening late 2017, the VIC has hosted over 300 interactive events, welcoming 4,000 industry professionals for EV and infrastructure training.
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, technology, and workforce development, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With 8,000 team members in nine countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.
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