Leveraging MUFGs extensive global project finance experience as well as its market leading expertise in transport transition finance based on 26 transactions closed over the last five years, the team structured and delivered a flexible €125 million multi-currency financing package to accelerate the rollout of Neot's new platform. The transaction demonstrates MUFG's ability to deliver tailored solutions that help clients scale and achieve their growth ambitions.
The Challenge
The decarbonisation of the transport sector across Europe is one of the biggest and most complex challenges facing the global energy transition. Neot is playing a critical role in addressing this by providing transport operators with innovative leasing and mobility as a service solution for low and zero-emission transport assets including its supporting infrastructure. On this basis, Neot helps to accelerate the transition away from combustion-based solutions and reducing greenhouse gas emissions across the industry.
Neot's tailor-made solutions — including Battery-as-a-Service, Charging-as-a-Service and E-mobility-as-a-Service — help public authorities and operators to overcome common barriers such as high upfront capital expenditure and technology risk.
To enable Neot to establish its new e-mobility leasing and as-a-service platform across Western Europe, Neot required a well thought-through financing package. Given the platform's scale – spanning multiple jurisdictions, mobility assets and client risk profiles – it needed an experienced banking partner capable of creating a financing structure that would enable it to rapidly onboard new clients and deliver tailored solutions across different mobility asset types and geographies.
Execution
Having supported the refinancing of Neot's first green mobility platform in 2025, and building on its existing relationship with its Sponsors Mirova and Alba Infrastructure Partners, MUFG was appointed as sole structuring and underwriting bank to finance NEMO P. Drawing on its extensive experience, MUFG assembled a team of specialists from London, Paris and Frankfurt to create a flexible financing structure that enables Neot to finance a wide range of mobility assets (e-buses, trucks, light commercial vehicles and vessels) quickly and efficiently. Key features included:
- Debt Sizing based on underlying asset, client and geographic risks to ensure appropriate leverage levels.
- Tailored drawdown conditions that enabled financing across a broad range of mobility asset types, alongside guardrails around off-takers, technology and jurisdiction risk but providing flexibility for Neot to roll out assets quickly.
- Multi-currency financing that enabled Neot to support projects across multiple countries in Western Europe.
These features were critical in creating a structure that allows Neot to scale its platform quickly while providing lenders with comfort around the associated risks.
Results
In December 2025, Neot successfully reached financial close on the €125 million financing of NEMO P. With the new funding in place, the company is set to accelerate the rollout of its platform and is expected to deliver low-carbon mobility fleets to hundreds of transport operators across Western Europe, supporting the region's transition to net zero.
"We are pleased to strengthen our partnership with MUFG, already supporting us on Neot Green Mobility. This new commitment reflects a shared vision: finance that can effectively support the development of low-carbon mobility in Europe. With this financing, Neot e-motion gains solid leverage to rapidly bring new projects to life," said Alain Lopez, CFO of Neot Capital.
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