Commercial electric vehicle financing, structured properly.
We finance, underwrite, and remarket fleet EVs for UK operators transitioning from internal combustion to battery electric. We do this work in-house, which is why we can structure it the way it should be structured.
Four product structures, each chosen for a reason.
Hire Purchase
Fixed-term ownership financing for operators who want the vehicle on their balance sheet. We underwrite against both the asset and the operator, with terms calibrated to the actual operating life of a commercial EV rather than a generic vehicle template.
Finance Lease
Long-term lease structures for operators who want use of the vehicle without ownership at the end of the term. Best suited to operators with predictable utilisation profiles and a preference for capex efficiency over balance sheet ownership.
Operating Lease
Short and mid-term lease structures with the residual value risk held by us. The cleanest option for operators who want a fixed monthly cost, a defined return condition, and no exposure to remarketing at the end of the term.
Bespoke Residual Structures
Custom financing for non-standard requirements: high-utilisation duty cycles, specialist body conversions, refrigerated and temperature-controlled units, and fleets in transition between providers. Much of our most valuable work sits here.
Operators whose vehicles are core to the business.
Cleopatra Fleet Finance was built for UK operators whose vehicles are core to their business. We work with logistics and last-mile delivery operators, mobile service businesses across refrigeration, utilities, and telecoms, local authority and public sector fleets, and growing SME businesses running ten or more commercial vehicles.
We are most useful to operators where the vehicle is more than a line item. If a single vehicle off the road costs you a route, a contract, or a customer, the conventional approach to fleet finance probably does not serve you well. Specification, residual value, total cost of ownership, and remarketing have to be understood as one system, not four separate questions. That is the work we do.
From first conversation to active relationship, in four steps.
Initial conversation.
A direct conversation with one of our underwriters, not a form on a portal. We learn what you run, how you run it, and what you are trying to achieve over the next three to five years. If we are not the right counterparty for you, we will say so in this conversation.
Structured proposal.
We return with a financing structure built around the actual operational profile of your fleet: the right product type, the right term, and a residual position that reflects our own view of the asset rather than a third party's. Proposals are short, specific, and committed.
Underwriting and documentation.
Credit, compliance, and asset due diligence are completed in-house. Most transactions close within two to four weeks of an agreed proposal, with no handoff between teams during the process.
Active relationship.
Once the contract is in place, the relationship is held by the same people who underwrote it. Mid-term changes, contract restructures, refinances, and end-of-term decisions are handled by people who already understand your operation.
Talk to us about a fleet transition.
Whether you are financing your first commercial EVs or restructuring an existing fleet, the right first step is a direct conversation. We will tell you quickly whether we are the right counterparty for what you need.