Gilbarco Veeder-Root, a provider of fueling and convenience store equipment and technology, announced its EVerse Electric Vehicle Charging Infrastructure (EVCI) finance program, which was designed to support fuel retailers seeking to adopt electric vehicle charging into their businesses while leveraging special financing options provided by Patriot Capital.

The program directly addresses common retailer concerns around implementation costs and return on investment when considering adding EV chargers to their sites. Gilbarco Veeder-Root’s EV charging network offers an e-mobility platform designed for the business needs of fuel retailers and is suited for convenience stores, travel centers, highway rest stops and traditional fleets.

The EVerse EVCI finance program offers:

• Step-up Payments: A program designed to provide a lower initial monthly payment for a set time that steps up to predetermined payments over a specified time frame.
• Deferred payments: Allows for payments to be deferred for 90 days with advanced payment required with a direct payment of $99 per month for three months.
• National Electric Vehicle Infrastructure (NEVI) Funding: Provides three options for NEVI program transactions. These programs provide 100% financing options and 20% financing options with varying terms.

“Gilbarco Veeder-Root is excited to provide a more accessible financing option for retailers looking to add EV charging to their NEVI and non-NEVI sites,” Deepesh Nayanar, head of North America e-mobility at Gilbarco Veeder-Root, said. “Financing programs like this aren’t common, and our fully connected charging systems provide a simple, seamless, scalable and sensible solution to any site.”

“Patriot Capital is thrilled to partner with Gilbarco to help customers find fast, efficient and easy-to-execute financing options so they can take advantage of the growing EV demand,” Chris Santy, president of Patriot Capital, said. “Whether the opportunity is a large NEVI focused project or something as simple as adding EV charging to their existing customer offerings, we are ready to help make it easy, seamless and very cost effective.”