The Mayor of London’s Energy Efficiency Fund (MEEF) announced plans to provide capital to a private company deploying a number of electric vehicles (EVs) to London drivers.
Vehicle-as-a-service company Breathe will supply 100 Tesla Model 3 units court to London’s many private hire drivers, even including Uber, according to an announcement on Monday reported by electrive.
The company offers vehicle subscriptions which also give users maintenance abilities and added insurance options, and this is also the first investment from MEEF to include both debt and equity packages.
In a statement, Breathe said, “huge demand for electric private hire vehicles, and MEEF’s funding allows us to expand our operations and help more drivers step into their first EV.”
Tesla Shares Results of Model 3 Police Car Pilot in the U.K. https://t.co/AXNPinB3yi
— TeslaNorth.com (@RealTeslaNorth) December 7, 2021
While Breathe didn’t comment specifically on the cost of renting the Model 3 units, Director Jeff Davis said the options would be “flexible and affordable.”
According to Breathe’s website, subscription pricing begins at £324 ($424) per week.
The Tesla Model 3 costs £42,000 ($54,981), though renting a Model 3 for four years straight would cost a driver £72,592 ($95,028).
MEEF and Breathe will also oversee a new ZERO platform, which will allow them to monitor carbon savings and vehicle data straight from the vehicles themselves.
London individuals looking for a ride-share through Uber can now also select Tesla’s vehicles.
