DLL and Kempower Introduce Financing Solutions to Support EV Charging Deployment and Affordability

Lahti, Finland, November 21, 2024—Global asset finance company, DLL, and leading electric vehicle (EV) fast-charging solutions provider, Kempower, are partnering to provide financing solutions designed to accelerate the deployment and accessibility of EV chargers in the United Kingdom, Denmark, Finland, Norway, Sweden, Italy, Spain as well as Australia and New Zealand, with more markets expected to follow soon.

Kempower is committed to making Direct Current (DC) EV fast-charging more accessible. This partnership with DLL will allow Kempower to deliver customized financing solutions to meet customer requirements while helping to lower upfront costs of EV charging infrastructure. Leveraging DLL’s expertise in financial services and its global network, Kempower can support its customers with flexible, more efficient financing options, further promoting the widespread adoption of EV chargers in key markets.

Financing solutions, which may vary by market, will include options such as financial leasing, operational leasing, and retail instalment contracts, each with distinctions to support business needs. A financial lease is designed for organizations looking to maintain their working capital, by spreading the cost of the equipment out via regular payments over the term period. For businesses still seeking adaptability and a shorter-term commitment, the operational lease offers both short-term and long-term rental plans. 

“In today’s world, where the cost of capital is high, we’ve listened to our customers and responded with financing solutions that can make EV charger deployment easier and more affordable. These financing solutions will be designed to maximize customer capital efficiency, enabling them to invest in growth, rather than upfront costs,” said Jussi Vanhanen, Chief Market Officer at Kempower. 

Founded in 1969, DLL is a global leader in asset finance solutions for equipment and technology, managing a portfolio exceeding EUR 44B. The partnership with Kempower is testament to DLL’s commitment to supporting the shift towards cleaner energy and decarbonization, as well as energy-efficient equipment for its partners and end-users. 

DLL’s Global Head of Energy Transition Adrian Leach, cites, “We are excited to partner with Kempower, an organization who shares in our ambition of being a ‘transition partner for a better world.’ This partnership will provide Kempower’s customers access to financing solutions that can enable them to obtain the equipment they need to be successful.” 

About DLL
DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 44 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions within the Agriculture, Clean Energy, Construction, Food, Healthcare, Industrial, Office Equipment, Technology, and Transportation industries in more than 25 countries. The company partners with equipment manufacturers, dealers, distributors, as well as end users, to enable businesses to access equipment, technology, and software more easily. DLL is committed to a more sustainable future for the environment and the communities in which it operates. To advance on this commitment, the company has embedded sustainability into its business strategy. DLL combines customer focus and industry knowledge to provide financial solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com.  

About Kempower  
We design and manufacture reliable and user-friendly DC fast-charging solutions for electric vehicles. Our vision is to create the world’s most desired EV charging solutions for everyone, everywhere. Our product development and production are based in Finland and in the U.S. with most of our materials and components sourced locally. We focus on all areas of e-mobility, from electric cars, trucks, and buses to machines and marine. Our modular and scalable charging system and world-class software are designed by EV drivers for EV drivers, enabling the best user experience for our customers around the world. Kempower is listed on the Nasdaq Helsinki Stock Exchange in Finland. www.kempower.com

Image usage rights have been granted by Kempower.