GE Capital's subsidiary, Equipment Finance business has signed a three-year contract to offer finance for buying commercial vehicles of Global Electric Motorcars (GEM), a subsidiary of Polaris Industries.
Under the deal, the GE capital claims to offer better cash management and increased flexibility over time for the customers of GEM.
GE Equipment Finance company officer Diane Cooper said the company is pleased to expand its relationship with powersports vehicle manufacturers GEM.
"By offering financing for commercial purchasers, Polaris should be able to grow sales of GEM vehicles nationwide," Cooper added.
GEM was acquired by Polaris in 2011 and manufactures low-speed electric vehicles that are used by municipalities, hotels, resorts, as well as property and facility maintenance departments.
Polaris designs, manufactures and markets all-terrain vehicles (ATVs), snowmobiles, Polaris RANGER, RZR, Indian and Victory Motorcycles as well as related parts, garments and accessories.
