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Charles & Dean are delighted to have played a pivotal role in helping Ocado Retail reach a significant milestone in their carbon footprint journey. Collaborating with specialist funding partner Metro Bank, Charles & Dean provided a tailored financial solution to meet the complexities of Ocado Retail’s funding requirements.
With an ambition to venture towards a carbon neutral way of delivering goods, Ocado Retail utilised this innovative funding to expand its fleet, including 54 new refrigerated vans and 125 fully electric delivery vehicles. Charles & Dean’s seamless collaboration with Metro Bank enabled a bespoke, competitive funding package that aligns with Ocado’s strategic goal of driving both success and sustainability for the future.
Mat Ankers, Chief Financial Officer at Ocado, said:
“Charles & Dean's expertise and support have been invaluable in securing the financing from Metro Bank necessary to expand our fleet of EVs and progress towards our sustainability goals. We're looking forward to collaborating further with both Charles & Dean and Metro Bank as we expand our fleet and continue on our growth trajectory.”
Tom Perkins, Director and Co-founder at Charles & Dean, said:
“Supporting Ocado in their continued growth and commitment to sustainability has been a privilege. Through our close collaboration with Metro Bank, we were able to develop a flexible credit-line funding facility that aligns with Ocado's strategic goals and long-term initiatives.
Through our ongoing partnership with Ocado and deep understanding of their business, we crafted a bespoke solution to meet their evolving needs. This funding not only supports their immediate financial goals but also empowers further investment in their sustainability initiatives, ensuring they are well positioned for future growth.”
“Ocado is a leader in online grocery and this investment it is making in its delivery fleet will ensure it is well positioned for the future. Asset finance can be a great solution for any business with transit needs to upgrade their vehicle fleet quickly and smoothly. Providing minimal disruption to the business and more importantly its customers. We look forward to seeing these new vans on the streets, delivering the nation's groceries.”
Written by
Charles & DeanAt Charles & Dean, we offer finance solutions with a difference. Our focus is on you, providing a variety of competitive independent finance options that support both businesses and individuals in their own unique journey.
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