Geeley – London Taxi Maker raise £275m to develop greener Cabs

All London Taxis must be capable of zero emissions from 2018 in an attempt to clean up the capitals dirty air.

Geeley have raised £275 in funding to develop a fleet of greener hybrid Taxis next year. London Taxi company have said they will be able to build 36,000 taxis a year from their production line based in the UK.

London Taxi Company are hoping their new model will be a global success and are hoping to continue exporting vehicles to Azerbaijan, Australia and other countries in the middle east.

LTC raised the cash by issuing a 5 year ‘’green bond’’ which carried an interest rate of 2.75% and attracted 6X more demand than it could satisfy.

All of the new Taxis will be produced in their new factory in Ansty, near Coventry.