IPDC Finance PLC. and Runner Motors PLC. have signed a Memorandum of Understanding (MoU) to strengthen access to commercial vehicle financing across Bangladesh, with a special focus on supporting SME and corporate growth and accelerating the adoption of electric commercial vehicles (EVs), a press release said.

The partnership aims to expand access to tailored Auto Lease Financing solutions for commercial vehicles, enabling CMSME, SME and corporate customers to enhance business capacity, improve operational efficiency and support long-term growth. A key focus of the collaboration is to promote electric commercial vehicles (EVs) and sustainable transportation solutions, contributing to Bangladesh’s transition towards greener and more energy-efficient mobility.

Under the agreement, IPDC Finance PLC. and Runner Motors PLC. will jointly facilitate financing solutions for commercial vehicles, EV projects and related infrastructure development. The partnership will also combine Runner Motors PLC.’s industry expertise with IPDC’s financial capabilities to improve market accessibility and create greater value for entrepreneurs and businesses across the country.

In addition, both organizations will undertake joint promotional and market development initiatives to enhance customer awareness and encourage wider adoption of modern commercial vehicles, particularly EV-based transportation solutions.

Speaking on the occasion, Rizwan Dawood Shams, Managing Director of IPDC Finance PLC., said, “This partnership reflects our commitment to enabling access to productive assets that drive business growth. By working with Runner Motors PLC., we aim to make commercial vehicle financing more accessible while also encouraging the adoption of electric commercial vehicles. Promoting EV-based mobility is an important step toward building a more sustainable and future-ready transportation ecosystem in Bangladesh.”

Commenting on the partnership, Muhammad Nazrul Islam FCA, Managing Director of Runner Motors PLC., said, “We are pleased to partner with IPDC Finance PLC. in this strategic initiative. Access to reliable and efficient transportation is essential for business growth, especially for SMEs. Through this collaboration, we aim to expand access to commercial vehicles, including a stronger focus on electric commercial vehicles, which represent the future of sustainable mobility in Bangladesh. Together with IPDC, we are confident that we can create meaningful impact in the transport and logistics sector while supporting greener and more responsible business practices.”

The collaboration is expected to strengthen Bangladesh’s CMSME ecosystem by improving access to productive assets, supporting business expansion and enabling wider adoption of sustainable transportation solutions. It also reinforces a shared commitment to responsible financing, innovation and long-term economic development.

Through this strategic partnership, IPDC Finance PLC. and Runner Motors PLC. aim to set a benchmark for collaboration between financial institutions and the automotive industry, driving innovation, sustainability and inclusive growth in Bangladesh’s commercial transportation sector.