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FirstGroup invests £1m in decarbonisation

Emissions
FirstGroup Energy has invested £1 million in KleanDrive to support its work in converting existing diesel and petrol vehicles into electric vehicles (EV).
(Image credit: FirstGroup AdobeStock_802507219 By Dirk)

KleanDrive’s OEM-agnostic, modular electric drivetrains combine next-generation technology from top-tier suppliers like CATL, Graysons, and Voith. This bespoke solution is said to allow any heavy vehicle to be repowered to electric, reducing the total cost of ownership and cutting emissions.

KleanDrive’s electric repowering approach offers fleet operators a solution that is flexible and customisable. By converting existing vehicles to electric, operators can reduce emissions, lower operational costs, and extend the lifecycle of their current fleets, making it the fastest, most cost-effective way to transition away from fossil fuels.

Faizan Muhammad, investment director of FirstGroup Energy, said: “This transaction represents our first venture investment and is consistent with our focus on accessing new and innovative solutions through targeted investments. KleanDrive’s cutting edge technology offers a complementary option, and greater coverage, to support fleet operators in their decarbonisation efforts.”

Repowering buses, coaches and trucks is expected to be a more sustainable solution than purchasing new EVs. This is because it reduces the environmental impact of producing new vehcles and speeds up the transition to zero-emission fleets.

Joe Tighe, CEO of KleanDrive, said: "We are delighted at FirstGroup’s investment and as part of this we welcome Faizan Muhammad onto the board as both a strategic investor and a partner in driving the future of zero-emission transport. We are offering fleet operators across the UK a real, actionable pathway to decarbonise—without waiting years for new vehicles. Repowering existing fleets with the latest electric technology allows operators to extend vehicle life, reduce emissions, and materially lower costs."

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