Xos Trucks Partners with DLL to Finance the Transition Trucks to Fully Electric

LOS ANGELES, December 22, 2020 — Xos Trucks, Inc., a leading manufacturer of fully electric commercial vehicles, is pleased to announce a partnership with DLL to provide financing of electric trucks. DLL, a global asset finance partner focused on enabling businesses to more easily access equipment to help them grown, is a wholly owned subsidiary of Rabobank Group with more than 50 years of industry experience.

The financing partnership between Xos and DLL will further enable the transition from traditional diesel trucks to electric. “With increased attention on climate change and the West Coast coming off its worst year of wildfires in history, transitioning to zero-emission electric vehicles is more important now, than ever,” said Dakota Semler, CEO and co-founder of Xos Trucks. “We understand making this investment may be challenging, so we are aiming to make this transition as easy as possible.”

“We are thrilled to partner with Xos Trucks to help fund in the transition to fully electric vehicles,” said Michael Hart, DLL Business Development Manager. “Clean technology and transportation is a very important part of our portfolio and we are happy to be working with a leader in the electric vehicle industry.”

“Our partnership with a global finance leader enables our customers to electrify their commercial fleets at limited upfront cost,” said Kingsley Afemikhe, CFO of Xos Trucks.

Xos Fair Market Value (FMV) lease will be available immediately. To learn more, visit http://www.xostrucks.com/financing.