London Taxi Co. issues green bonds for project to electrify its fleet

Last Modified: Fri Jun 03 2016 21:51:59 GMT+0530 (India Standard Time)
  • $400 million
    Zhejiang Geely Holding Group Co., owner of the company that makes London’s iconic black cabs, secured this amount through a green bond sale. The proceeds will finance the development of the TX5, a hybrid battery-powered version of the classic 1958 FX4.
  • 01 Jan 2018
    By when London will require all new taxis to be zero-emission capable.
  • 36,000
    electric cabs a year will be produced by the new factory in Coventry, England. The factory will be built using funds from the bonds issued. Commercial sales are set to start in the fourth quarter of 2017.