Paragon SME Lending has expanded its partnership with Otto Car through a £1.3m funding agreement, supporting the continued growth of Otto’s electric vehicle fleet.
The facility enables Otto to scale its fleet while giving Paragon greater visibility into asset performance and utilisation through ZetiOS, Zeti’s platform for monitoring operational assets and portfolio performance.
Zeti supports the partnership by providing the technology and infrastructure that helps connect institutional capital with real-world fleet operations. As fleet models scale, the ability to align financing with asset performance and operational data becomes increasingly important for lenders and operators.
By providing real-time asset transparency and automated reporting, ZetiOS enables financing structures that give lenders greater confidence in asset performance while simplifying portfolio oversight.
While this transaction was completed in the UK, the financing structure demonstrates how capital can be deployed into operational fleets with improved transparency and risk visibility. Similar models are now being explored across international markets as lenders look to finance fleets and other distributed energy assets.
Zeti looks forward to continuing to work alongside Paragon SME Lending and Otto Car as the market evolves.
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Paragon Bank is a UK based publicly listed $30bn bank with £14 billion of assets under management.