Iveco Group has agreed a joint venture deal with global vendor finance firm DLL to help drive take-up of low- and zero-emission commercial vehicles among European fleets.

The JV deal will amplify access to greener commercial vehicles for fleets in Europe

DLL will take a 51% majority stake in Iveco Group’s Green & Advanced Transport Ecosystem (GATE) sustainable commercial transport business founded in 2022, leaving Iveco with 49% of the share capital.

The deal, which is subject to regulatory approvals, will provide GATE with strengthened financial backing and asset financing expertise to help accelerate its growth strategy, driving its further development and expansion while amplifying access to greener commercial vehicles for fleets in Europe.

GATE facilitates access to more sustainable mobility through its rental solutions for low- and zero-emission vehicles. The business will continue helping customers to build more sustainable fleets under the newly formed JV structure, strengthening activities that began in Italy in 2023 and that were extended to France and Germany in 2024.

The GATE JV intends to further extend its reach to additional countries where both DLL and Iveco Group are already active and, over time, to offer similar solutions for other brands beyond Iveco.

Lara Yocarini, chief executive officer of DLL, commented: “In the past few years, we have been investing heavily in e-mobility. Partnering with Iveco Group, a pioneer in more sustainable transport, perfectly fits into our strategy. We are delighted to be able to join forces with such a reputable player and can’t wait to start offering full-service solutions together with Iveco Group through this new GATE joint venture.”

Simone Olivati, president, financial Services at Iveco Group, said the collaboration opens a significant new chapter for GATE.

“We have found in DLL a partner who fully shares the spirit of innovation with which we have tackled the challenges of the energy transition. GATE was conceived as an innovative business model with the primary goal of supporting the energy transition for our customers. We are excited about the opportunities this collaboration will bring and look forward to the positive impact it will have on our business and on the future of sustainable mobility.”