InfraFleet

About InfraFleet

InfraFleet is a sustainable equipment rental and leasing company specializing in emission-free heavy machinery for the construction and infrastructure maintenance sectors. Founded in 2022 by Chris Medley, a former private equity infrastructure investor, the company was established to address the growing demand for environmentally friendly equipment in an industry dominated by diesel-powered machinery. Medley identified the market opportunity while observing the increasing customer desire for green leasing options during his time as an investor.

The company launched with the backing of Octopus Group, which provided up to £10 million in initial capital and is incubating the startup. This support includes entrepreneurial guidance and access to Octopus's network of infrastructure companies. InfraFleet's business model centers on offering electric and hydrogen-powered equipment on both a short-term rental and long-term lease basis. This approach allows clients to avoid the high upfront costs of purchasing green assets, which can be double that of diesel equivalents, while also saving on fuel and emission-related charges like London's ULEZ. By focusing exclusively on green assets, InfraFleet positioned itself as a new entrant without a legacy fleet of diesel equipment.

The company serves contractors working on essential infrastructure projects for clients such as local councils, government agencies like Network Rail, and fibre broadband providers. Its offerings include the UK's first zero-emission electric cherry picker, provided at a net monthly cost designed to be lower than diesel alternatives. The benefits for clients include a reduced carbon footprint, quieter operations that minimize community disruption, and a cleaner work environment. While the company showed early promise, PitchBook data indicates it was marked as 'Out of Business' as of June 24, 2024.