ORIX Rental Corporation to lease out environment-friendly vehicles

ORIX Rental Corporation to lease out environment-friendly vehicles

Friday, November 3, 2023
Metro Manila (CNN Philippines) — ORIX Rental Corporation is now offering its Electric Vehicle (EV) Full Service Operating Lease (FSOL) to corporate clients to help address the demand for eco-friendly transportation options.
 
"ORIX Rental Corporation's venture into EV FSOL is more than just a business move; it's a commitment to environmental stewardship," said ORIX Rental Corporation President Anthony Ocampo.
 
"This initiative also aligns with our environmentally responsible and socially conscious approach to business," he added.
 
The EV FSOL offering from ORIX Rental Corporation reflects a changing automotive landscape. Data from the Department of Energy (DOE) show that as of 2022, there are about 9,000 EVs in the country, largely comprised of electric tricycles and motorcycles while charging stations are at 300. This year until 2028, DOE is targeting to roll out more than 2.45 million EVs and 65,000 charging stations.
 
After etching its name in the leasing and automotive industry, ORIX Rental Corporation blazes a trail to embrace the future of transportation and sustainability. The wholly-owned subsidiary of ORIX METRO Leasing and Finance Corp. (OMLF), a joint venture between Metrobank and ORIX Corporation of Japan, is leasing out electric vehicles under the brand names Nissan and BYD initially. ORIX will later include more reputable and reliable EV brands covered by its FSOL service.
 
With this pioneering step, ORIX Rental Corporation reaffirms its industry leadership by providing innovative solutions to a leading multinational corporate account. This strategic alliance exemplifies how creating an innovative, forward-looking business ecosystem can promote environmental responsibility.
 
With the Philippines being no stranger to disastrous super typhoons and other climate changes, ORIX Rental Corporation is cognizant and responsive to the call for global clean energy and mobility. The company believes corporate clients need the opportunity to contribute directly to reducing carbon emissions and promoting cleaner air quality.
 
ORIX Rental Corporation's pilot offering is a momentous occasion for both the company and the country. By offering electric vehicles for lease, the company is facilitating a significant shift towards sustainable transportation options.
 
To learn more about the Electric Vehicle (EV) Full Service Operating Lease (FSOL), visit the ORIX Rental Corporation website, contact them at (632) 8858-8888 locals 121, 125 and 126, or send an email at customerservice@orix.com.ph.