DLL has become the preferred financing partner for electric vehicle manufacturer Waev’s GEM and Taylor-Dunn brands in the United States.
DLL will offer both floorplan and end-user financing for Anaheim, Calif.-based Waev dealers, according to a release from the Netherlands-based global financier. The agreement also will have DLL provide consumer financing for GEM dealers, as well as leasing, rental and commercial financing for business-to-business customers.
DLL will tap into Waev’s more than 20 EV models and 400 dealers, allowing the company to grow its sustainability efforts. DLL in November partnered with electric tractor manufacturer Solectrac.
The Waev partnership “serves as a perfect opportunity for DLL to continue our commitment to sustainability and provide financing options that drive a low carbon footprint and promote a circular economy,” said Rob Abelman, head of global program management for the commercial finance division of DLL.
DLL provides asset-based financing to the agriculture, food, health care, construction and transportation industries. DLL, a subsidiary of the Netherlands-based Rabobank Group, was established more than 50 years ago and a managed portfolio of $15.4 billion in 2021, according to Monitor 100.