United Bank Limited (UBL) has signed an exclusive strategic Fleet Financing partnership with Inverex Automobiles, marking a major step forward in advancing sustainable mobility and supporting businesses with cost-effective transportation solutions in Pakistan. This collaboration aims to bring imported Electric Vehicles (EVs) to the local market, reducing operational fuel costs while promoting eco-friendly transportation models.
Through this alliance, UBL and Inverex are offering a comprehensive and attractive financing plan tailored to business fleet owners seeking reliable, efficient, and environmentally responsible vehicle options. This partnership is designed to enable corporate customers to upgrade their vehicle fleets with electric alternatives, aligning with global trends in green transportation.
As part of the exclusive UBL–Inverex Fleet Offer, customers will have access to financing with 0% markup for one year on a 50% down payment. For businesses looking for longer repayment flexibility, the plan also includes low markup rates of up to 9% for two- and three-year financing options, also with 50% down payment. The aim is to make the transition to EV fleets financially viable and strategically beneficial for companies across sectors.
Officials from both organizations highlighted that this partnership reflects a shared commitment to supporting Pakistan’s shift toward cleaner and more sustainable energy solutions. By offering affordable EV financing, UBL is extending its support to businesses looking to optimize operational costs, reduce their carbon footprint, and modernize their transportation infrastructure. Inverex, known for its trusted position in the power and automotive industries, will provide a lineup of imported EVs designed to meet both performance and sustainability standards.
The global transition to electric vehicles has been accelerating, driven by the need to reduce dependence on fossil fuels and cut greenhouse gas emissions. In Pakistan, initiatives like this are expected to encourage more businesses to adopt electric mobility, contributing to national climate goals and long-term economic efficiency.
This collaboration between a major financial institution and an automotive solutions provider represents a strong example of how the banking and mobility sectors can work together to support energy transition. UBL’s financing expertise and Inverex’s product innovation form a combination that addresses both cost-effectiveness and environmental responsibility.
Experts view this partnership as a step toward expanding the country’s EV ecosystem. As businesses increasingly face rising fuel costs and regulatory pressures to adopt sustainable practices, financing solutions that ease the upfront investment in EV technology can play a decisive role in accelerating adoption rates.
By offering tailored financial solutions, UBL is reinforcing its position as a forward-looking bank that embraces innovation and sustainability. Inverex, on the other hand, is expanding its presence in the EV market by making advanced mobility solutions accessible to corporate customers in Pakistan.
This initiative sets the stage for future collaborations that could shape Pakistan’s clean mobility landscape. It also highlights how strategic partnerships can deliver long-term economic and environmental benefits while supporting businesses in their transition toward a more sustainable future.
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