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Iveco Group announces ‘GATE’ rental business model for electric trucks and vans

Source: Iveco Group

Italian auto group Iveco has announced the creation of a new entity 'GATE' ‒ Green and Advanced Transport Ecosystem – as a long-term, all-inclusive rental model for electric trucks and vans, in line with the industry's energy transition.

The new digitized business model is expected become operational in mid-2023, and likely to begin offering its services to pilot clients in Italy.

GATE is going to have an independent business structure with employees dedicated to meeting the needs of electric commercial vehicle customers, initially serving both the IVECO and Nikola brands, according to the company.

The new entity will offer a comprehensive service based on a pay-per-use formula that will allow customers access to the propulsion of tomorrow, it added.

As a full ecosystem focused on a variety of zero-emission vehicles, from last mile delivery to long haulage, the GATE will also offer maintenance and repair, connectivity and telematics, financing, insurance, energy, and additional ancillary services.

With GATE, Iveco Group intends to fulfil its ambition to establish a new paradigm in the transport industry and take a decisive step forward in designing the future of sustainable and digital mobility. 

Author : Dhiyanesh Ravichandran
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