EAST
WINDSOR, N.J., July 17,
2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the
"Company"), a manufacturer of all-electric heavy equipment, today
announced it is partnering with the National Energy Improvement
Fund (NEIF) 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
HEVI's all-electric heavy equipment.
The Company believes that 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
eco-friendly equipment, helping them meet their sustainability
goals.
Raymond Wang, CEO of HEVI,
commented, "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. 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."
Matthew H. Brown, Co-Chair and
Founder of National Energy Improvement Fund, "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."
About National Energy Improvement Fund:
The National Energy Improvement Fund, LLC (NEIF) is the nation's
only Certified B Corp™ lender specializing in energy improvements,
provided through a national network of contractors, manufacturers,
utilities and governments. Information on NEIF financing can be
found at neifund.org.
About HEVI Corporation
HEVI is a developer and manufacturer of sustainable heavy
machinery such as all-electric heavy construction and farm
machinery. The Company is a wholly owned subsidiary of Greenland
Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland"). Information on the Company's
clean industrial heavy equipment can be found at HEVI at HEVI
Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect HEVI's
current views with respect to future events and are subject to such
risks and uncertainties, many of which are beyond the control of
HEVI, including those set forth in the Risk Factors section of
Greenland's Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website, www.sec.gov.
Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, HEVI's expectations with respect to future performance.
Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated or expected. Statements
contained in this news release regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. HEVI does not intend and
does not assume any obligation to update these forward-looking
statements, other than as required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/national-energy-improvement-fund-partners-with-hevi-to-provide-equipment-financing-302198862.html
SOURCE Greenland Technologies Holding Corporation
