Waev Inc.: Pioneering Low-Speed Electric Mobility with DLL total financing solutions 

In the sunny city of Anaheim, California, Waev Inc. silently orchestrates a revolution in transportation. Co-founded by Jon Conlon, who serves as Senior Vice President and Chief Financial Officer, Waev has a power trio of leading brands and is dedicated to reshaping commercial, industrial, and personal mobility with sustainable solutions: 

• Taylor-Dunn: For 75 years, Taylor-Dunn has led its category with reliable electric vehicles for warehousing, manufacturing, and other industrial applications 
  

• GEM: Since 1998, GEM has been the leading low-speed electric vehicle brand in cities, communities, and campuses 
  

• Tiger: Established in 1981, Tiger specializes in heavy-duty electric tow tractors, revolutionizing ground support with eco-friendly solutions. 

Powering Growth: Waev’s Strategic Partnership with DLL 

Waev’s journey intersected with DLL when they needed a floorplan provider after being spun out from Polaris. DLL’s reputation as a trusted partner resonated with Waev’s commercial dealers. Initially, DLL handled floorplan financing, providing the essential support that allowed Waev’s dealers to maintain inventory and manage cash flow effectively. This critical support ensured that dealers could meet customer demand without the strain of upfront capital expenditure. 

As the partnership evolved, DLL’s role expanded to meet the growing needs of Waev and its dealer network. Beyond floorplan financing, DLL began to support Waev dealers’ parts financing, ensuring that dealers had access to the necessary parts to maintain and service customers efficiently. This integration has minimized downtime and enhanced service capabilities, contributing to dealer satisfaction and customer loyalty. Additionally, DLL introduced retail financing solutions for both commercial and consumer end-users, offering flexible financing options that make it easier for customers to acquire Waev’s innovative and sustainable vehicles. 

“Waev is a valued partner of DLL. By providing total financing solutions we have adapted to Waev’s needs, supporting their growth and enhancing the operational efficiency of their dealers,” says Rob Abelman, Head of Global Program Management for DLL’s floorplan financing division. “Our comprehensive financing services have streamlined operations, driving business success for Waev and their dealers alike. Waev’s collaboration and commitment have been pivotal to the success of DLL’s value proposition to our vendors. Their investment and open lines of communication have ensured the program's excellence, making it the success it is today.” 

Waev’s secret sauce? Staying laser-focused on the low-speed segment.

Their commitment to low-speed electric mobility has made them a commercial leader, setting them apart from the competition. But navigating the rapidly growing electric vehicle space is not easy. Waev’s partnership with DLL, a brand steeped in history, has helped them gain trust in new dealer channels. DLL’s familiarity and frictionless fund transfer capabilities have made it a breeze for dealers to join forces with Waev. The result? An expanding dealer base and a greener future. 

Driving Sustainability and Growth 

DLL’s financial support empowers Waev to replace gasoline vehicles with electric alternatives across their dealer network, underscoring their shared commitment to sustainability. As a financial partner, DLL distinguishes itself in several keyways. 

According to Jon Conlon, Senior Vice President and Chief Financial Officer of Waev Inc., DLL’s seamless processes make collaboration effortless. Their respectful approach during transactions fosters a positive working relationship resonating well with Waev’s dealers. DLL’s ability to adapt to Waev’s needs is a game-changer. Beyond traditional floorplan finance, they are considering offering innovative solutions like Pay-per-use models, opening new growth opportunities, especially with Fortune 100 companies. DLL’s team members are not only knowledgeable but also enjoyable to work with. Their expertise, combined with cultural alignment, ensures a smooth partnership experience. Partnering with DLL is now a dealer requirement, with Waev’s satisfaction with the quality of solutions and service speaking volumes. 

“DLL has been more than just a financing partner for us; they have been instrumental in our growth and operational efficiency,” said Conlon “Their seamless processes, deep understanding of our industry, and commitment to sustainability have made them an ideal partner. The support and flexibility DLL provides have allowed us to expand our dealer network and accelerate the transition to electric mobility. Our innovative products, from Taylor-Dunn’s reliable warehouse solutions to GEM’s versatile urban transport and Tiger Tractor’s heavy-duty tow tractors, are revolutionizing the market." 

Driving Sustainability: A Vision Realized 

Waev’s commitment to sustainability runs deep, as explained by Jon. Their long-term vision involves replacing combustion engines with electric vehicles across various segments. Taylor-Dunn vehicles substitute for trucks and tractors, while GEM cars replace sedans, minivans, and pick-up trucks. These low-speed electric vehicles excel in localized applications like campus operations and last mile delivery, offering an efficient, safe, and cost-effective way to go electric. 

Waev’s adaptable vehicles and simplified chassis allow them to swiftly customize solutions to meet evolving customer needs. Whether it is for warehousing, shuttling, or utility vehicles, Waev provides efficient, zero emission alternatives, contributing to a more sustainable future. Expansion into new segments with new products, sales channels, and marketing will be growth driver for Waev. These affordable alternatives promise to replace traditional combustion engines, driving growth and operational transformation. 

DLL shares Waev’s values and sustainability ambitions, making the partnership a natural fit. Together, we are driving the transition to electric vehicles and promoting environmentally responsible practices. DLL’s comprehensive financing solutions not only support Waev’s business model but also help dealers and end-users embrace sustainable technology. By providing tailored financing options for Waev’s innovative vehicles, DLL is helping to pave the way for an energy-efficient future, reinforcing our shared commitment to sustainability and operational excellence. 

The Crucial Role of DLL 

DLL plays a crucial role in accelerating Waev’s growth. Their support enhances marketing, order securing, and inventory management. This partnership allows Waev to scale rapidly, fulfill large orders, and generate cash flow, all aligning with their ambitious goals. From floor plans to consumer financing and parts programs, DLL’s broad services have been instrumental in Waev’s success. This seamless collaboration ensures continuity, allowing Waev to focus on growth without disruptions. 

Waev’s partnership with DLL sets them apart in the industry, spanning various sectors in both commercial and consumer segments. Their joint efforts streamline operations and enhance competitiveness, driving toward a sustainable future and achieving significant objectives.