Marlin, Union Bank, Fuji Electric Offer Financing Program
Fuji Electric said it has partnered with Union Bank and Marlin Leasing to offer its customers financing programs on its DC Quick Charging Stations for electric vehicles. The program offers zero-down, zero-interest financing in an effort to offset the cost of equipment and encourage small businesses to install charging stations at their sites.
The financing program is currently available to U.S. customers and is designed to offer quick turnaround time on application reviews to avoid project delays. Customers are assigned a single point of contact within Fuji Electric and Marlin Leasing in order to streamline the process.
“We firmly believe that the development of charging infrastructure in the U.S., particularly publicly available quick charging, is a critical factor in the mass adoption of EVs,” said Larry Butkovich, Fuji Electric’s general manager for EV Systems. “Drivers need reassurance that they will be able to access charging stations while on the road, and our Financing Program gives businesses the assistance they need to make a business case for the installation of these Quick Charging Stations.”
Fuji Electric’s UL-Certified 25kW DC Quick Charging Station provides a complete charge to EVs in under an hour, making it ideal for commercial applications such as hotels, restaurants, retail stores and public highways/interstates. With more than 400 units deployed worldwide, the global manufacturer entered the U.S. market in March 2012 and immediately recognized the hesitation among businesses to invest in this technology.
Butkovich added, “Whether we are working with a large hotel chain or a single-owner convenience store, their questions are quite similar. A zero-down, zero-interest’ financing program eases their concerns about upfront cash outlays and long-term interest payments on capital equipment.”
“This program demonstrates our ongoing commitment to our customers and their financial needs by removing the primary roadblock that prevents them from embracing this technology,” said Phil Charatz, Fuji Electric’s president and CEO. “Partnering with well-established companies like Union Bank and Marlin Leasing is a testament to our belief in providing quality products and services that will revolutionize the EV industry and change the way people think about this market.”