WAYNE, PA, December 28, 2022 – DLL, a global financial solutions provider, is proud to announce a financing partnership with WaevInc.an electric mobility provider. DLL will serve as a preferred financing partner for Waev’s GEM and Taylor-Dunn brands in the United States, offering both floorplan and end-user financing solutions.
The demand for electric vehicles (EV) along with advancements in EV technology continues to grow. Through this partnership, DLL and Waev are committed to bringing EV solutions to market that deliver value, while also helping to achieve carbon emissions goals and to contribute to a circular economy that respects our planet’s resources.
“We are thrilled to serve as a preferred financing partner for Waev and to continue our expansion into electric vehicles,” said Rob Abelman, Head of Global Program Management for the Commercial Finance division of DLL. “This serves as a perfect opportunity for DLL to continue our commitment to sustainability and provide financing options that drive a low carbon footprint and promote a circular economy. We look forward to supporting Waev and their dealers in all their financing needs.”
DLL has more than 50 years of experience and offers all of Waev’s dealers a modern way to do business with easy-to-use online tools, while maintaining the personal support of the global DLL team. Under this new agreement, retail programs are also offered through DLL to provide GEM consumer financing options, including leasing, rental or commercial financing for B2B customers.
“Waev is an established and trusted manufacturer of electric vehicles and we identified DLL as a trusted finance partner to share with our dealers and customers. DLL also values sustainability and is invested in the growth of the EV market, just as we are,” said Luke Mulvaney, SVP and chief growth officer, Waev. “Our partnership with DLL provides improved access to GEM and Taylor-Dunn EVs by enabling dealers to better stock inventory locally to make sure the EVs are in the right spot when customers need them. DLL’s consumer and commercial financing, leasing, and other retail options also makes it easy to purchase our EVs, eliminating the financial obstacle.”
Through DLL, dealers of Waev EV brands will have the advantage of working with one solutions partner that can offer total financing solutions through the sales cycle. This may also help dealers improve cash flow management, match repayment terms to the sale of goods, increase purchasing power and offer competitive lease structures to their customer base.
For more information, contact the Commercial Finance team.
About DLL
DLL is a global asset finance company for equipment and technology with a managed portfolio of almost EUR 35 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions to the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Office Equipment and Technology industries in more than 30 countries. DLL partners with equipment manufacturers, dealers and distributors, as well as end-customers on a direct basis, to enable businesses to more easily access equipment, technology and software. The company also delivers insights and advice to partners and customers that drive smarter and more economical methods of use. DLL combines customer focus with deep industry knowledge to deliver sustainable 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 Waev Inc.
Waev Inc. provides access to safe and dependable electric vehicles (EV) through the manufacturing, distribution and support of the GEM, Taylor-Dunn, and Tiger product lines. Founded in 2021, Waev is redefining EVs to make life and work easier, more efficient, and more enjoyable. This is driven by our commitment to sustainable, safe, future-focused solutions that lead to the adoption and advancement of electrification without compromising the job or purpose of the vehicle. Our collaborative and agile partnerships stem from these shared values and common pursuit to advance mobility. GEM has been an established EV leader in the LSV space for more than 20 years. Taylor-Dunn has a rich 70-year legacy of providing tailored industrial vehicles. Tiger heavy-duty tow tractors have been towing cargo, baggage, parcel, and other equipment for ground support applications since 1981. All vehicles are engineered and produced at the Waev headquarters and manufacturing center of excellence in Southern California. Visit us at waevinc.com and follow us on LinkedIn.