Pan Asia Banking Corporation PLC has signed a landmark Memorandum of Understanding with Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, part of the Energy, Mobility and Projects vertical of Hayleys PLC.

This strategic partnership aims to accelerate the adoption of electric and hybrid vehicles in Sri Lanka by offering seamless, affordable, and comprehensive financing solutions to support the country’s transition toward sustainable transport.

Under the collaboration, Pan Asia Bank will introduce specially curated leasing and financing packages for the latest range of New Energy Vehicles distributed by Hayleys Mobility. These include globally recognised brands such as OMODA and JAECOO, the premium new energy brand of Chery Automobile Co., Ltd. The initiative further strengthens the Bank’s successful Pan Asia EV Plus offering, which already provides bundled solutions for vehicle and rooftop solar financing.

The new schemes will feature competitive interest rates and flexible repayment plans tailored to meet the needs of both individual and corporate customers, making the shift to sustainable mobility more accessible and financially feasible.

Naleen Edirisinghe, Director and CEO of Pan Asia Bank, said, “By combining our financial expertise with Hayleys Mobility’s pioneering NEV technology and infrastructure, we are enabling our customers to embrace a greener lifestyle with unparalleled ease and affordability.”

Picture: Rajieve Fernando, CEO of Hayleys Mobility; Roshani Dharmaratne, Executive Director, Hayleys Mobility Limited; and Pamudith Gunawardana, Executive Director and CFO, Hayleys Fentons Limited, with Pan Asia Bank’s Naleen Edirisinghe, Director and CEO; Gayanath De Silva, Deputy General Manager – Credit; Yohan Ebell; and other officials at the signing event.