ePowerTrucks secures £1m small business finance

Invoice Finance

ePowerTrucks secures £1m small business finance

A North West based firm that supplies electric-powered vehicles has secured small business funding package worth £1 million as it prepares to launch a new road-legal electric powered commercial vehicle.

ePowerTrucks is the trading name for the electric vehicle division of Lift Safe Ltd,  has 11 staff and the fast growing company achieved sales growth of 55% last year.

The funding package includes invoice finance to support the firm’s working capital requirements, and other finance to help its new product launch and provide the foundation for export markets in Ireland, Spain, Germany, Greece and South America

ePowerTrucks supply electric trucks, tow tractors, electric utility vehicles, golf buggies, electric tugs and a wide range of electric powered vehicles to a diverse range of industries and count Warburtons, BAE Systems, GlaxoSmith Kline, Coca-Cola, Microsoft, Rolls-Royce and various UK local authorities as its customers

Jerry Hanss, Lift Safe managing director, said: “We are constantly striving to supply the broadest range of electric vehicles available in the UK and this working capital facility supports our ongoing growth and expansion. Our new range of electric vans is providing a viable alternative to conventional counterparts as the move towards cleaner air in our towns and cities continues.”

For more info on how North West based Factoring Finance can help you fund you business in the same way simply get in touch…

Factoring Finance has a UK wide, independent broker network able to source the best invoice discounting and invoice factoring deals from numerous small business finance providers.

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