Neot Green Mobility invests in a fleet of 7 electric water buses for GoCollective, the historic operator of the Danish capital’s shipping lines

Neot Green Mobility (NGM) is proud to have provided GoCollective (formerly Arriva Danmark) with a refinancing solution  for seven 100% electric waterbuses, providing bank to bank connectivity in the Danish capital. Through this transaction, a first for NGM, GoCollective retains the operation of the electric shuttles and secures debt capital in the context of its acquisition by Mutares.

GoCollective, which has been operating Copenhagen’s three maritime public transport lines since 2000, had won the tender launched in 2019 by Movia, the city’s public transport authority, which wanted to switch to an all-electric solution.
These water buses, which began operations in the summer of 2020, contribute to the Danish capital’s objective of becoming carbon neutral by 2025. They are scheduled to operate until December 2029 with the possibility of an extension for a further two years.
This refinancing was completed in a timely manner in the context of the acquisition of the Danish, Polish and Serbian operations from Arriva Group, which belonged to the Deutsche Bahn, by Mutares, an international private equity firm focusing on special situations.
One of NGM’s priorities is to support the maritime sector in its transition to ships with lower greenhouse gas emissions. To this end, NGM offers operators financing solutions adapted to the specific needs of this sector of activity: financing of new vessels, on-board battery/H2 storage units, modernization of existing vessels, etc.

Philippe Ringenbach, CEO of Neot Green Mobility, says: “We are delighted to have been able to offer GoCollective a flexible and efficient refinancing solution, for these electric water buses, reflecting the Danish capital’s desire to set an example in terms of zero-emission transport. This strategy of financing low-carbon vessels is an important vector of development for us in the coming years.”

Thibault Depoix-Joseph, Chairman of the Board, GoCollective A/S, adds: “Partnering with Neot on this solution substantially supports the re-launch of GoCollective and its dedication to green transition and development of public transport and mobility in Denmark. With this solution, the company is now well positioned to achieve its ambitious plans as a market leader, and we look forward to continuing this journey together with the GoCollective Management Group.”