May 30, 2023 Mitsubishi HC Capital America Providing EV Financing

Mitsubishi HC Capital America is partnering with AutoCar, LLC and Chargepoint to provide the Power Up Program.

HAGERSTOWN, IN – Autocar, LLC, a leading manufacturer providing custom engineered severe-duty vocational vehicles, announced today it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the Power UpTM Program, a bundled vehicle financing solution designed to help customers grow their electric fleets as well as build and install charging infrastructure. The partnership will allow Autocar customers to finance through Mitsubishi Capital their E-ACTTs (electric terminal tractor heavy-use vehicles), along with integrated software, hardware charging solutions and installation services through ChargePoint, enabling them to rapidly deploy electric vehicles.

The Autocar – Mitsubishi HC Capital America – ChargePoint Power Up Program is a game-changing solution that will help customers quickly adapt to the evolving transportation landscape and stay ahead of the curve. The collaboration demonstrates a shared commitment to speeding up the adoption of electric vehicles and enabling customers to benefit from the latest innovations in sustainability.

Andrew Taitz, chairman of Autocar LLC, said, “Electrification is coming to the heavy truck segment perhaps faster than the industry can keep pace with it. That’s why the Power Up Program is there to bring financing solutions to the table for our customers who aren’t used to making the kinds of capital investment required for electric fleets. By combining the financing, infrastructure, services, and installation, this partnership aims to reduce the complexities and capital investment of transitioning fleets to electric.

“The ‘Power Up’ Program aligns with our ‘Always Up Promise,’ and we are excited to partner with Mitsubishi HC Capital America and ChargePoint to make it a reality. With the Power Up Program, our customers will have the power to grow their EV fleet, power to build the charging infrastructure, power to defer capital expenditure pressure, and the power to meet regulatory goals as we all march toward a world of reduced emissions,” Taitz said.

“We are more than excited to support Autocar’s market-leading battery electric Terminal Tractor – the E-ACTT – in advancing our collective interests to drive clean energy initiatives for both companies. Throughout Mitsubishi HC Capital America, we have a sincere commitment to the United Nations Sustainable Development Goals (SDGs) and we’re developing and implementing ways to advance these SDGs through financing, investing and services, with particular focus in the transportation mobility space – where clean energy and transportation cross paths. The transition to the Autocar E-ACTT Terminal Tractor from traditional ICE technology is a perfect match for Mitsubishi HC Capital America,” said John J. Critelli, director of Corporate Development, Mobility Solutions for Mitsubishi HC Capital America.

“As fleets continue to play a leading role in the transition to electrification, fleet operators will need integrated charging solutions to help streamline operations and deliver a lower total cost of ownership (TCO),” said Rich Mohr, vice president, Fleet, at ChargePoint. “Together, Autocar, Mitsubishi Capital and ChargePoint are removing barriers to entry for electric fleets and delivering integrated software and hardware solutions that maximize their TCO advantage.”

About Autocar, LLC:  
Autocar, LLC, manufacturer of severe-duty vocational trucks carrying the first specialized truck brand in North America, is the only American-owned and -operated original equipment manufacturer (OEM) of trucks. Autocar’s severe-duty vocational trucks provide customers the perfect tool for their jobs with the most uptime, support, and impact on their bottom line. Autocar collaborates with customers to build trucks to their exact specifications and needs. Autocar’s purpose-built severe-duty truck lines include ACMD and ACX cab-over trucks, the ACTT and its all-electric E-ACTT terminal tractors, and the DC-64 Class 8 work trucks. Autocar recognizes that performance and uptime are everything and offers every customer 24/7 access to its ALWAYS UP® direct factory support center staffed by expert technicians who engineer and build Autocar’s trucks. Autocar promises to provide trucks that deliver the best value, provide the best service, provide a complete solution for customers’ needs, do the work right the first time, and act proactively, timely and with simplicity. 

About Mitsubishi HC Capital America
Mitsubishi HC Capital America is a specialty finance company that has extensive capabilities throughout North America with its affiliate, Mitsubishi HC Capital Canada, combining a consultative approach and expansive digital platform to help organizations of all sizes accelerate growth. With $7.5 billion in assets and more than 800 employees, the company is the largest non-captive, non-bank commercial finance company in North America. Mitsubishi HC Capital America partners with equipment manufacturers, dealers, and distributors, as well as end-clients directly, in providing customized financial solutions, including transportation and commercial finance. Dedicated to improving the communities where it operates, the company is committed to the United Nations Sustainable Development Goals. Visit https://www.mhccna.com/en-us

Media contact: Lesley Lopez, llopez@mhccna.com

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