Zeti secures investment from Toyota Ventures to grow its electric vehicle financing platform.
Toyota Ventures backs the fintech firm through its Climate Fund to support continued growth.
Zeti provides financial technology solutions that facilitate the adoption of clean transport through flexible digital financing. Its platform enables businesses to access zero and ultra-low emission vehicles more cost-effectively.
Zeti has secured investment from Toyota Ventures through its Climate Fund to support the continued expansion of its financial technology platform. The company operates a marketplace that facilitates pay-per-mile financing for commercial electric vehicle fleets, linking operators directly with institutional capital.
The backing from Toyota Ventures follows previous support from Powerhouse and other seed investors. Zeti reports that deployment of electric vehicles onto its ZERO platform has quadrupled over the course of the year amid rising demand across European and American markets.
From the founder
"Committed deployment of EVs to the ZERO platform has more than quadrupled this year, with demand from both fleet operators and financiers accelerating rapidly in both Europe and US markets"
Dan Saunders
Founder & CEO at Zeti
Investor perspective
"Commercial fleet vehicles account for a disproportionate percentage of emissions, so the transition to widespread electrification is critical,"
Lisa Coca
Climate Fund partner, Toyota Ventures