ePower Trucks has secured a £1million funding package from Yorkshire Bank. The Oldham-based company will shortly expand its range with the Alke XT series of 3.5t electric LCVs, with a range of up to 120 miles on a single charge, fast-swap battery pack and a price starting at £30,000.

The funding package from Yorkshire Bank, which includes invoice finance facilities, will support the company’s working capital requirements and assist in the launch of a new road-legal electric powered commercial vehicle.

ePower Trucks managing director, Jerry Hanss, said: “We are constantly striving to supply the broadest range of electric vehicles available in the UK and this working capital facility supports our ongoing growth and expansion. Our new range of electric vans is providing a viable alternative to conventional counterparts as the move towards cleaner air in our towns and cities continues.”

Morgan Auld, business partner at Yorkshire Bank’s Manchester Financial Solutions Centre, said: “ePower Trucks is a fast-growing business in a rapidly expanding sector and the company has a bright future as demand for greener vehicle alternatives continues to rise.”

Yorkshire Bank last year introduced its Investing for Growth package which offers a dedicated business planning service and flexible approach to investment finance to enable businesses to invest in quality growth opportunities.