Draft:Pan Pac Leasing

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Pan Pacific Van and Truck Leasing Pte Ltd (commonly known as Pan Pac or Pan Pac Leasing) is a Singapore-based commercial vehicle leasing company that provides rental and long-term leasing services for light commercial vehicles, vans and trucks, including electric vehicles.

Pan Pacific Van and Truck Leasing began as a local provider of light commercial vehicle leasing and rental services and expanded gradually to become one of Singapore’s larger fleets in the light goods vehicle sector. The company has been increasing its focus on electric vehicles (EVs) and sustainability initiatives since the early 2020s.^[1]

In June 2024 Pan Pac completed the acquisition of the fleet and leasing contracts of EVCo (also known as Strides DST), purchasing a block of 529 light commercial electric vehicles that had been sold as part of EVCo’s liquidation proceedings. With the addition of these vehicles, Pan Pac’s fleet exceeded 3,000 light goods vehicles, substantially growing its EV capacity.^[2]

Following the acquisition, Strides Digital (a business arm related to the former EVCo owners) announced it would collaborate with Pan Pac to provide digital fleet management services for the acquired EVs and to support customers’ decarbonisation journeys.^[3]

Pan Pac offers:

• Short-term rental and long-term leasing for vans and light trucks.
• Electric vehicle leasing solutions and fleet management tools in partnership with digital service providers.
• Specialty vehicles such as chiller vans and refrigerated trucks for F&B and logistics customers.

The company has publicly positioned the expansion of its EV fleet as part of a broader green strategy aligned with Singapore’s sustainability goals. The 2024 purchase of 529 EVs was described by company representatives and partners as a core element of its plan to support clients’ transition to lower-emission transport.^[4]

Pan Pac’s activities—especially the 2024 fleet acquisition—have been covered by multiple Singapore news outlets and trade publications, which provide independent documentation of the company’s scale and role in the local commercial vehicle leasing market.

1. Lee, Nian Tjoe (2024-06-03). "EVCo's electric vans and leasing contracts sold as part of liquidation". The Straits Times.
2. Yin, Yunfang (2024-06-03). 电动货车租赁公司EVCo有形资产清盘租车业务由Pan Pac接手 [Electric truck leasing company EVCo tangible assets winding up car rental business by Pan Pac took over]. Lianhe Zaobao (in Chinese).