- Zeti is helping more businesses convert their fleets to electric vehicles (EVs) with its transparent financing options.
- The company works on a pay-per-mile basis, making financing an EV as simple as paying for a utility and allowing businesses to pay based on how much they use the car.
- Zeti also allows fleet operators to track and manage their vehicles through its platform, allowing them to see the cost of what they are using and understand the benefits first-hand.
Website: https://www.zeti.group/
What is Zeti?
Zeti is a company on a mission to help businesses with vehicle fleets go green. By using their pay-per-mile lending technology, Zeti makes it easier for businesses to finance EVs, making the whole process more transparent.
The goal is to make the transition to EVs more affordable for businesses, removing any unnecessary fees and high interest rates. Additionally, by allowing businesses to pay with usage, they can ensure they only re-pay the car once it starts generating them revenue.
On the flip side, Zeti works with lenders who are able to project their ROI and manage any financial risks more closely. This allows them to make more environmentally responsible investments, without taking on much risk.
Zeti’s have already helped businesses save 10,092,078 kilograms of CO2 emissions – ensuring companies can reach net-zero.
What Makes Zeti Unique?
One of Zeti’s most unique qualities lies in its approach to vehicle financing through a pay-per-mile model. Unlike normal car finance models, which often include hidden costs and penalties, Zeti offers a transparent and flexible financing option that helps fleet operators boost their cashflow.
Key features of Zeti include:
- Pay-per-mile financing: This allows businesses to pay based on mileage rather than fixed monthly payments – meaning they only pay based on how much they use the vehicle.
- Automated billing: Zeti’s platform automates billing and payment collection, making it easy for businesses to track how much they’ve paid and how much they owe.
- Monitoring: The platform provides real-time data on vehicle performance and location, helping operators manage their fleets more easily.
- Sustainability: Zeti is helping companies lower their emissions through EVs, ensuring they can be more sustainable without compromising their business.
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Is There A Market For Transport Financing?
The market for transport financing, particularly around EVs, is growing. According to Financial News Media, the electric vehicle market is expected to reach $802.81 billion by 2027, with a compound annual growth rate (CAGR) of 22.6% from 2020 to 2027. This growth has been driven by a number of factors, including:
- Country laws: Strong regulations and incentives by governments for companies to reach net zero are driving forward the adoption of electric vehicles.
- Consumer demand: Consumers are looking for more eco-friendly transport options, pushing companies to switch to EVs.
- Cost: Electric vehicles can be more cost effective than petrol cars, but expensive to finance upfront, companies like Zeti are helping to remove this risk with their pay-per-mile approach.
The shift towards wanting to operate more sustainable businesses and and the need for transport companies to reduce their carbon footprint is only getting bigger, making it a great model for Zeti to thrive in.
Where Can You Find Zeti?
Visit their website to learn more about Zeti and how it can help your business.