Pan Pac Leasing takes over EVCo’s fleet and leasing business

With the 529 EVs from EVCo, Pan Pac’s vehicle count will exceed 3,000.

Pan Pacific Van and Truck Leasing Pte Ltd (Pan Pac Leasing) has taken over EVCo’s fleet of 529 light commercial electric vehicles, along with the existing business of leasing these vehicles to customers in Singapore.

EVCo, also known as Strides DST, recently went into liquidation in March, assisted by Baker Tilly.

SMRT's business arm Strides Holdings owns 60% of EVCo’s stake, and Dishangtie Green Technology (Hong Kong) owns 40%.

Pan Pac's fleet will surpass 3,000 vehicles with the addition of 529 EVs, aligning with the company's green strategy to reduce the industry's carbon footprint and transform the vehicle leasing landscape in Singapore.

Pan Pac’s partner, Strides Digital, will seamlessly integrate its suite of Electric Mobility digital services for its fleet, supporting Pan Pac clients in continuing and enhancing their decarbonization journey.