Hevi Corp., a manufacturer of all-electric heavy equipment, said it was partnering with the National Energy Improvement Fund to provide equipment financing. Through this partnership, Hevi customers will be able to take advantage of a streamlined, specialized financing program for the purchase of the East Windsor-based firm’s all-electric heavy equipment.
Financing the purchase of HEVI’s all-electric heavy equipment offers several advantages, such as better cost management, tax benefits, access to HEVI’s advanced technology, increased productivity and mitigation of depreciation. Additionally, for customers aiming to lower their carbon footprint, the company believes financing can facilitate the transition to ecofriendly equipment, helping them meet their sustainability goals.
“We are excited to announce our partnership with the National Energy Improvement Fund. Their exceptional track record of supporting customers nationwide significantly influenced our decision. Through this collaboration, we will introduce a quick and straightforward financing program designed to enhance and simplify the purchasing and ownership experience of HEVI’s all-electric heavy equipment,” Raymond Wang, CEO of HEVI, said. “Financing will enable customers to manage their cash flow more effectively by distributing the cost over time. This initiative addresses a common barrier for customers and is anticipated to boost sales, supporting our objective of accelerating revenue growth.”
“HEVI’s rapidly expanding industrial vehicle franchise aligns perfectly with our broader corporate mission of helping customers combat climate change through sustainable solutions. We purposely designed our financing program to be fast and easy for customers, which, in turn, will make purchasing HEVI’s all-electric heavy equipment an even easier decision for customers,” Matthew Brown, founder and co-chair of National Energy Improvement Fund, said.
In a separate announcement, HEVI also said it formed a partnership with Assurant Inc., a leading global business services company that supports, protects and connects major consumer purchases like automobiles, as well as commercial equipment including heavy construction, agriculture and forestry equipment.
Assurant is a market leader in protection products for the commercial equipment industry, providing a full suite of protection products and services, including extended service protection plans, physical damage protection, portfolio protection, insurance tracking services and more, through point-of-sale solutions for equipment dealers, original equipment manufacturers and financed equipment protection for financial institutions.
Through this partnership, HEVI customers will be able to purchase an Assurant Extended Service Contract to protect covered equipment beyond the manufacturer’s base warranty period.