Case studies
Mitra EV partners with Enduring Planet to Accelerate Fleet Electrification for SMBs
Small and medium-sized businesses (SMBs) make up 99% of fleet operators but face significant challenges in transitioning to electric vehicles (EVs) due to high upfront costs and inadequate infrastructure. Mitra EV addresses this gap with an innovative electric truck-as-a-service model bundled with shared fast-charging hubs. This approach significantly lowers the financial and operational barriers to fleet electrification, offering a scalable, cost-effective solution for industries such as home services, HVAC, plumbing, and last-mile deliveries.
Mitra EV’s solution ensures rapid deployment, accelerates customer ROI, and ensures immediate emission reductions while providing SMB fleet operators with access to essential charging infrastructure, saving them 30-50% on their monthly operating costs. By focusing on efficiency, sustainability, and cost savings, Mitra EV makes EV adoption more accessible and economically viable for small and medium-sized businesses.
Mitra EV partnered with Enduring Planet to:
- Advance capital from their government receivables
- Scale operations with non-dilutive funding
- Install additional DCFC stations without slowing down expansion
Mitra EV chose Enduring Planet for its founder-friendly terms, minimal collateral requirements, no personal guarantees, and creative repayment structures that align with their cash flow needs. This flexibility enabled Mitra EV to continue scaling rapidly, bypassing the uncertainty and delays typical of traditional financing options.
With Enduring Planet’s support, Mitra EV is deploying three new customer sites with six EV fast-charging stations, enabling access to fleet electrification for a growing number SMBs . This strategic partnership empowers Mitra EV to continue its mission of offering innovative solutions that deliver operational savings for small and medium-sized fleet operators.
"Incentives can be challenging, especially with the uncertainty around cash flow and timing. Enduring Planet’s solution empowers us to keep growing without the wait."
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