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DBS, AETOS to transform 42 operational automobiles to EVs by 2026


DBS Financial institution and safety agency AETOS introduced right this moment (June 4) the launch of Singapore’s first electrical automobile (EV) for Money and Valuables Escort (CVE) companies.

The 2 corporations have dedicated to transform all 42 operational automobiles utilized by the financial institution to EVs by 2026, beginning with seven CVE automobiles by the top of 2023.

CVE automobiles are used to move company money from DBS/POSB’s branches to a money processing centre. In line with the financial institution, one CVE automobile travels greater than 170km each day on common.

By switching to EV, it helps to scale back carbon dioxide equal emissions (CO2e) by as much as 47kg per day, or some 17,100kg of CO2e a yr.

This transfer in according to the federal government’s plans to part out Inner Combustion Engine (ICE) automobiles and increase the adoption of EVs by 2040.

Picture Credit score: DBS Financial institution

Commenting on the partnership, Shee Tse Koon, DBS Singapore Nation Head mentioned, “As a part of our dedication to sustainable growth, we’ve been encouraging companions inside our ecosystem to undertake carbon discount practices, along with reducing our personal footprint.”

“We’re heartened to be working with a companion like AETOS, who has taken concrete and complete steps in direction of decreasing carbon emissions and who shares our imaginative and prescient for a greater, extra sustainable future.”

In its drive in direction of EV adoption, AETOS will probably be putting in charging infrastructure at their numerous operational bases, beginning with the primary various present (AC) charging station at their West Coast premises.

Every station is ready to absolutely cost an electrical CVE automobile in beneath eight hours.

“AETOS is dedicated to attaining carbon-neutral operations as a part of our drive in direction of sustainability with father or mother firm Surbana Jurong. We strongly consider in working in direction of safeguarding the setting for future generations. We’re glad to collaborate with DBS who helps our long-term objective for sustainability,” mentioned Alfred Fox, Govt Director & CEO of AETOS Holdings.


Electrical automobiles is a key content material pillar for Vulcan Submit. You’ll find the remainder of our EV protection right here.


Featured Picture Credit score: DBS Financial institution





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