Truck and bus supplier moves ahead with £60m green funding

A Wakefield-based truck and bus supplier has received £60m green funding from HSBC UK to facilitate the supply of up to 250 new electric buses.

Pelican Bus and Coach, part of Pelican Engineering Co. Ltd, is the sole importer and distributor in the UK and Ireland of Zhengzhou YUTONG Bus, the world’s largest manufacturer of electric buses and coaches, based in China .

The family business has secured eight-figure funding from HSBC UK to supply zero-emission electric buses to fleet operators across the UK and Ireland, in partnership with YUTONG.

The vehicles will primarily be 10 and 12 meter electric single-decker buses, but Pelican also offers an electric coach and an airside bus and in 2023 an electric double-decker will join the UK model range, which Pelican plans to be operational across the UK in the next 12 months. Services are already confirmed to Glasgow, Aberdeen, Inverness, Edinburgh, Carmarthen, Leicester, Newport and Newcastle.

Richard Crump, Managing Director of Pelican Bus and Coach, said: “With this agreement, we are not only increasing the number of electric buses in service across the UK, but we are also maintaining our leadership role in the transition to zero-emission public transport. We are proud of our long-term relationship with HSBC UK as well as Zhengzhou YUTONG Bus, and look forward to seeing these buses on our roads.

Rob King, Head of Sustainability at HSBC UK, said: “The transition from public bus networks to power supply solutions is an important step for our country to meet its net zero targets. This agreement is particularly important in enabling Pelican Bus and Coach to support the drive to make even greener public transport in communities across the UK a reality.

Jamie McCullough, Director of Corporate Relations at HSBC UK, added: “Pelican is an ambitious family business that is leading the way in reducing the environmental impact of public transport. This funding, secured by our dedicated HSBC UK green fund, will help the company achieve its ambitious growth plans and expand its reach across the UK.

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