EIB charges Collé Rental €50 million to accelerate electrification of rental equipment

A Dutch supplier offering machinery supply, logistics, training and earthmoving equipment for the construction industry, Collé rental and sale received a loan of 50 million euros from European Investment Bank (EIB) to develop and electrify its fleet of specialist equipment available for hire to the construction industry.

The EIB’s investment will be guaranteed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.

The Dutch start-up specializes in the rental, sale and service of machinery and equipment on the international B2B market. Some of its equipment includes aerial platforms, telehandlers, loaders and backhoes, among others. Its rental fleet includes more than 20,000 cars.

Focusing on the electrification of its fleet, the company is actively involved in offering solutions and testing new electrical equipment together with machine manufacturers.

Collé CEO Frits Collé said: “At Collé, we say blue is the new green, with our company colors in mind. Thanks to EIB financing, we are taking a few more steps towards this goal.”

EIB Vice President Chris Peters added: “What Collet is doing in terms of combining the demand for heavy equipment with the increasingly pressing need to become a more sustainable business is to be commended. Leasing machines instead of buying means more efficient use of valuable resources, contributing to the much-needed cyclical and sustainable development of the construction sector and industry.”