{"id":165795,"date":"2025-01-10T20:18:35","date_gmt":"2025-01-10T10:18:35","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=58973"},"modified":"2025-01-10T20:18:35","modified_gmt":"2025-01-10T10:18:35","slug":"rive-raises-additional-270-million-euros-for-investment-in-locomotives","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=165795","title":{"rendered":"RIVE raises additional 270 million euros for investment in locomotives"},"content":{"rendered":"

Paris-based RIVE Private Investment, an independent European investment company, has secured a further 270 million euros in capital to strengthen its investment drive in the rail sector.<\/strong>
\n<\/span>It follows a 300 million euros financing platform announced by the company in December 2023 dedicated to the acquisition of innovative locomotives.<\/p>\n

The global capital raised to date totalling 570 million will bolster the growth of the RIVE\/Northrail rolling stock leasing platform, enabling it to acquire over 100 additional locomotives \u2013 electric, hybrid and dual-mode \u2013 over the next few years, secured under various existing framework purchase agreements signed with leading manufacturers Siemens, Alstom and Vossloh Rolling Stock, RIVE said.<\/p>\n

Upon their delivery, between 2025 and 2028, they will be leased to European rail freight operators.<\/p>\n

Funding demands<\/h2>\n

Camille Brunel, partner at RIVE in charge of Transportation, commented: \u201cThe rail industry holds a key position in developing sustainable mobility and transportation solutions. However, it faces significant funding demands for the renewal and growth of asset fleets, presenting an appealing opportunity for lenders and investors. This transaction with our banking partners and Northrail represents a crucial strategic milestone in expanding our portfolio of impactful transport assets\u201d.<\/p>\n

RIVE took a majority stake in Northrail, one of Europe\u2019s leading European rolling stock lessors and asset managers, based in Hamburg, in May 27 last year.<\/p>\n

Northrail manages a portfolio of approximately 430 vehicles, including around 250 locomotives and around 180 multiple units and passenger coaches, for freight and passenger transport in Europe, with an investment volume of close to \u20ac1.5 billion.<\/p>\n