Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.
The one-stop resource center helps fleet managers and operators take custom approaches to electrifying fleets and meeting sustainability goals.
The funding expansion enables Merchants to access $2 billion to lease vehicles and equipment for clients as well as invest in continued growth.
A new fleet electrification adoption tool from Merchants Fleet is designed to educate and transition clients through the EV purchase process. Merchants also announces they've joined the Corporate Electric Vehicle Alliance.
Merchants is working with BrightDrop to procure 12,600 BrightDrop EV600s, an all-new, electric light commercial vehicle purpose-built for the delivery of goods and services over long ranges.
Merchants Fleet has launched an innovative new vehicle electrification initiative, Electrify Fleet, which seeks to deploy new EVs in the commercial market, including through the introduction of the Lordstown Endurance all-electric commercial pickup truck for its clients.
Merchants Fleet Management launched a new rental program with flexible terms designed for industries in need of light-duty, all-wheel drive trucks.
Leasing as an alternative to purchasing is gaining momentum among government fleets seeking to reduce the costs of acquiring and operating vehicles while maximizing safety, fuel economy, and remarketing revenue.
Enterprise Fleet Management, ARI, Merchants Fleet Management, and D&M Leasing have been awarded contracts in the Fleet Management Services category at Sourcewell.
Maria Neve, Merchants Fleet Management's government sales manager, has been named to the NAFA board of directors for a three-year term ending in February of 2021.
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