AETOS deploys Singapore’s first electric vehicle for cash escort service to cut carbon emissions

EV AETOS partners DBS scaled
EV AETOS partners DBS scaled

AETOS, together with Singapore’s DBS Bank, has launched Singapore’s first Electric Vehicle (EV) for Cash and Valuables Escort (CVE) services. 

Such vehicles are used to transport corporate cash from the branches of DBS to a cash processing centre, and each chalks up 170km a day on average. Using an EV instead of an internal combustion engine vehicle reduces carbon dioxide equivalent emissions (CO2e) by up to 47 kg per day – or some 17,100 kg of CO2e a year.

“AETOS is committed to achieving carbon-neutral operations as part of our drive towards sustainability with parent company Surbana Jurong. We strongly believe in working towards safeguarding the environment for future generations. We are glad to collaborate with DBS who supports our long-term goal for sustainability,” said Mr Alfred Fox, Executive Director & CEO of AETOS Holdings. 

The rest of the seven CVE vehicles will be converted to EVs by end-2023, and eventually all 42 of the operational vehicles used for the bank in five years. AETOS will also be installing EV charging infrastructure at various operational bases. Read more 

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