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.”

Press contact: NEoT Capital: Aurélien Achard – Director of e-mobility/ aurelien.achard@neotcapital.com / +33 750 674 140

About NEoT Green Mobility
NEoT Green Mobility (NGM) is an investment platform funded by top tier investors Alba EOPIF, Mirova Eurofideme 4, Banque des Territoires and EDF Pulse Ventures. This platform is dedicated to financing the tranfition to Zero-Emission mobility and to supporting public authorities, transport operators, as welle as logistics and industrial companies in theri energy transition in Europe. NGM offers turnkey leasing and services solutions including provision of batteries, rolling-stock or charging infrastructures as-a-service to customers across a wide range of sectors: shipping, urban and inter-urban public transport, logistics, railway, and charging solutions. Backed by its investors, NGM as already deployed or committed to deploy c.€250m of assets. 

About Alba European Operational Projects Fund I (“Alba EOPF I”)
Alba EOPF I (previously 3i EOPF) is a €456m fund managed by Alba Infra Partners. Alba EOPF I is fully invested in operational projects across Europe (with a focus on France, the Benelux, Germany, Italy and Iberia) and across a wide range of sub-sectors (primarily social infrastructure and transportation, but also telecoms and utilities). It aims to provide long-term yield to institutional investors. Alba Infra Partners manages two funds (including Alba EOPF I) invested in around 130 infrastructure projects in continental Europe, including 25 in France, the UK and Ireland, and has assets under management of approximately one billion euros.

About Mirova
Mirova is a global asset management company dedicated to sustainable investment and a subsidiary of Natixis Investment Managers. At the forefront of sustainable finance for more than a decade, Mirova develops innovative investment solutions in all asset classes, aiming to combine long-term value creation with a positive environmental and social impact. Based in Paris, Mirova offers a wide range of equity, rate, diversified, energy transition infrastructure, natural capital and private equity strategies designed for institutional investors, distribution platforms and retail investors in Europe, North America and Asia-Pacific. With more than 20 years of experience in the energy transition infrastructure sector, Mirova has financed more than 1,000 projects in 48 countries, equivalent to a total of more than 7.3 GW of production capacity, in the field of renewable energies, low-carbon storage and mobility. Mirova and its affiliates had €30.9 billion of assets under management, including €3.8 billion of investments in energy transition infrastructure as of March 31, 2024. Mirova is a driven-mission company, labeled B Corp*.

*The reference to a ranking or a label does not prejudge the future performance of the funds or its managers.

Company profile of Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. On this basis, the Holding Company is expected to generate a net income of EUR 108 million to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. The Management Board and Supervisory Board together hold more than one-third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and have been part of the selection index SDAX since December 2023.

[1] MIROVA EUROFIDEME 4 is a French limited partnership (Société de Libre Partenariat), closed to new subscription. Mirova is the management company. The supervisory authority approval is not required for this fund.

[2] EDF Pulse Ventures aims to develop EDF Pulse Holding’s Investment portfolio by Identifying new activities and Innovative solutions.