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Uber Boats by Thames Clippers Secures £59M for Green Fleet Expansion

The funding from NatWest and Santander will support new electric vessels, infrastructure upgrades, and emissions reduction goals for London's river transport network.

An Uber Boat by Thames Clippers service passes the Tower of London. The cross-river ferry carries about 10,000 passengers daily
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Overview

  • Uber Boats by Thames Clippers has obtained £59 million in financing from NatWest and Santander, with each bank contributing £29.5 million.
  • The funds will be used to expand the fleet with electric and hybrid vessels, upgrade piers, and improve dry-docking facilities.
  • The company aims to halve carbon emissions by 2035 and achieve net zero by 2050, aligning with broader UK transport decarbonization goals.
  • Passenger numbers have rebounded post-pandemic, with over four million riders in 2024 and daily usage growing to approximately 10,000.
  • Founded in 1999 with one boat, the service now operates 20 vessels, including the UK's first fully electric cross-river ferry introduced this year.