Hitachi and MUFG Bank have expanded their NextGen business co-creation model to accelerate decarbonised mobility by financing electric vehicles and charging infrastructure. The renewed collaboration aims to address key barriers to electrification, including limited access to capital and the need for integrated energy solutions.

Building on earlier partnerships, the expanded model extends beyond battery-focused solutions to include electric mobility assets, charging systems and energy management infrastructure across global markets. The initiative will leverage structured financing through special purpose vehicles, enabling fleet operators to deploy electrification assets without significant upfront capital investment.

The companies will also integrate digital and operational expertise to optimise asset performance and lifecycle management, supported by advanced data-driven platforms. With global investment in electrified transport continuing to grow, the partnership is positioned to scale as a repeatable model for accelerating EV adoption.

Additionally, both organisations have entered into a collaboration with Boreal Norge AS to explore electrification strategies for its transport operations, further strengthening the initiative’s global deployment.