- Novuna Vehicle Solutions pledges to fully decarbonise its car and small van fleet by 2030
- The company is the only leasing company in the FN10 to be awarded the Service Mark Accreditation by the ICS and the first leasing company to be an approved centre of excellence, delivering accredited EV Academy programme across the entire employee base
- The rebrand under the new trading style of NOVUNA takes place at the same time the company moves from Hitachi Capital (UK) PLC to Mitsubishi HC Capital UK PLC, following the merger last year of its parent company, making it part of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified groups
- Novuna Vehicles Solutions is the only UK leasing company to offer an end-to-end decarbonisation solution, from vehicle leasing and fleet management, to infrastructure and energy storage
14 February 2022: Novuna Vehicle Solutions, one of the UK’s largest vehicle leasing companies, officially launches today, completing the rebrand from Hitachi Capital Vehicle Solutions which was announced towards the end of last year.
The launch of the Novuna brand, which means ‘new together’, is marked by a commitment from the business to decarbonise its car and small van fleet by 2030. Novuna Vehicle Solutions will accelerate the transition strategy for customers to an electric fleet through its unique end-to-end decarbonisation solution.
The service helps fleets move to cleaner vehicles by assessing fleet challenges and creating bespoke transition plans, providing funding and re-designing back-office management, all of which is supporting the widespread adoption of EVs.
Speaking following the Novuna launch, Jon Lawes, Managing Director, Novuna Vehicle Solutions, said:
The launch of our new brand is a significant milestone in the growth and development of our business. Novuna Vehicle Solutions is committed to being at the forefront of the UK’s EV adoption drive and we are striving to operate a fully decarbonised fleet by 2030.
“As a market leader in vehicle leasing in the UK, working with OEMs right across the spectrum to fund, build and manage fleets of all complexities, our end-to-end decarbonisation strategy provides Novuna with a clear point of differentiation. From funding, right through to employee engagement to support the implementation of EV salary sacrifice schemes, we are creating bespoke solutions enabling our customers to take advantage of the cost and environmental benefits of switching to electric vehicles.
Novuna Vehicle Solutions
Novuna Vehicle Solutions manages over 95,000 vehicles ranging from cars and vans to HGVs and specialist assets. The FN10 leasing company offer a unique total asset solution, from bespoke vehicle design, build and funding to fleet management services that are integral to critical fleet mobilisation. The rebrand will build on the company’s recent growth; recording the largest percentage growth of the Fleet News FN50 top 10 providers in 2021 with the business increasing the size of its fleet by 17 per cent.
The business will also strengthen and broaden its range of services under its new name to accelerate the wider uptake of EVs beyond fleets. This is supported by the business’s productive partnerships which are providing competitive EV leasing deals for customers including the RAC and their members, incorporating home EV charger installation with Centrica designed to make the move to EVs seamless.
Voted Leasing Company of the Year for three consecutive years, the company developed the first accredited EV Academy so that colleagues can now help customers transition to electric in an informed, personal way, sharing knowledge about the EV market with empathy for individual circumstances.
The backing of Mitsubishi HC Capital Inc., will allow Novuna to build on these strong foundations with the opportunity to leverage the size, scale and expertise of its new parent company in order to realise the company’s ambitions.
Each of the other business divisions will operate under Mitsubishi HC Capital UK PLC’s trading style, including Novuna Consumer Finance, Novuna Personal Finance, Novuna Business Finance and Novuna Business Cash Flow (previously Invoice Finance). The European division has adopted the Mitsubishi HC Capital trading style as part of its collaboration with the parent company, Mitsubishi HC Capital Inc.
Notes to Editors:
Novuna is a trading style of Mitsubishi HC Capital UK PLC, created from the Latin words Novo – New and Una – Together.
Novuna is a trading style of Mitsubishi HC Capital UK PLC, the new name for Hitachi Capital (UK) PLC and a leading financial services company, authorised and regulated by the Financial Conduct Authority (FCA). We have over 1,600 employees, £6.3bn of net earning assets and over 1.3 million customers across five business divisions; Novuna Consumer Finance, Novuna Vehicle Solutions, Novuna Business Finance, Novuna Business Cash Flow and our European division specialising in Vendor Finance. For over 40 years, formerly as Hitachi Capital (UK) PLC, we have worked with consumers and small to medium enterprises (SMEs) as well as corporate multinationals in the UK and mainland Europe, enabling millions of consumers and businesses to achieve their ambitions.
From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc., strengthening our relationship with one of the world's largest and most diversified financial groups with over £60bn of assets.
Novuna Vehicle Solutions
Novuna Vehicle Solutions, the new name for Hitachi Capital Vehicle Solutions, is one of the UK’s top 10 largest leasing companies with more than 30 years’ experience providing bespoke fleet finance and fleet management services for businesses and consumers across the UK.
With a fleet of over 95,000 vehicles ranging from cars, small, medium and large vans to HGVs, the business provides all forms of funding, maintenance, accident and daily rental management, supporting customers across every stage of the vehicle life cycle.
Novuna Vehicle Solutions is unique in the market in being able to offer an end-to-end decarbonisation solution for businesses, from vehicle leasing and management to infrastructure and energy storage and is leading the charge on electric vehicle adoption.
For the last three years, the business has been named Leasing Company of the Year (more than 20,000 vehicles) at the prestigious Fleet News and Commercial Fleet Awards and is the only Fleet News Top 10 leasing company to be fully accredited by the Institute of Customer Service.
Novuna Vehicle Solutions is a trading style of Mitsubishi HC Capital UK PLC, part of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified financial groups, with over £60bn of assets.