Arista Financial, a financial services holding company that through its wholly owned subsidiary, Arista Capital, provides financing options to small truck lenders, will enter the mobility industry.

The company intends to carry out its activities in the mobility industry directly as well as through a newly created majority owned subsidiary, Arista Mobility Group.

Arista Financial already operates in the transportation industry through Arista Capital, which provides trucks mostly to owner-operators that would otherwise be unable to obtain these vehicles. The company sees a similar opportunity to provide vehicles on a rental basis to drivers for ridesharing and delivery companies such as Uber, Lyft and DoorDash, who otherwise are unable to obtain these vehicles through other sources.

Paul Patrizio, CEO of Arista Financial, commented, “The Mobility-as-a-Service (MaaS) industry is growing at rapid rate, and we see an opportunity to participate in that growth by providing vehicles and ancillary services for this industry.“

The company expects to provide further details regarding its plans for the mobility industry in the near future.