Jon Lawes MD Novuna Vehicle Solutions (1)

Finance and fleet management firm Novuna Vehicle Solutions said it had overcome supply issues, stock problems and extended delivery times to provide a “record performance” in the last 12 months.

It said it had helped group business Mitsubishi HC Capital UK deliver its highest pre-tax profit of £160.8m and cited its “pioneering solutions” to help transition fleets to net zero as a major contributing factor.

One in four of its vehicles, from cars, and vans through the trucks and plant are now powered by alternative fuels and Novuna said this had played a significant role in the growth of new business volumes.

Its aim is to electrify 50% of its van fleet over 3.5 tonnes and 100% of its car and small van fleet by 2030.

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Novuna’s UK operating fleet has grown to over 103,000 assets, helped by the acquisitions of BNP Paribas Rental Solutions and Ryder, which strengthened its position in the market.

Jon Lawes (pictured), Novuna Vehicle Solutions MD, said: “Our success is built firmly on our renowned commitment and ability to consistently deliver innovative solutions and adopt a customer first approach.

“As leading proponents of zero-emission vehicles, our end-to-end decarbonisation proposition sets us apart in the market and continues to cement our reputation as a trusted partner, assisting drivers, businesses and fleets at every stage of the electrification journey as the appetite to switch continues to gather pace.”

For more stories tracking the industry journey to decarbonisation see our new Freight Carbon Zero website.