Ferronordic is awarded up to EUR 23m in government subsidies in Germany for investments in electric trucks
The German Ministry for Digital and Transport has awarded Ferronordic subsidies in an amount up to EUR 23m for investing in up to 117 electric trucks. Ferronordic plans to use subsidised electric trucks from Volvo Trucks and Renault Trucks to grow its business in electric trucks rental and sustainable transport solutions.In 2022, Ferronordic founded a separate subsidiary in Germany, Ferronordic e-Rental GmbH, to focus on rental of electric trucks, charging equipment and promoting sustainable transport solutions. This was part of Ferronordic’s strategy to develop expertise in operating and