South Western

Redefining Commuter Travel

£ 0 B+

Invested

Backed by long-term UK pension capital, we are proud to have partnered with Aberdeen and GLIL Infrastructure to deliver modern, sustainable rolling stock that puts passenger experience and long-term value at the heart of public transport.

0 fleet size

The full Arterio fleet will comprise of sixty 10-car and thirty 5-car Class 701 EMU units, designed for high density suburban commuter services.

Service

South Western inner suburban commuter.

 

20 Arterios are regularly operating between 249 services every weekday.

Year agreed: 2017

Year entered into service: 2024-ongoing

We are rolling out more Arterios over the coming months.

Railway line

Transformative journeys across the South Western service

The Aventra platform, first developed for London’s Elizabeth Line Class 345 trains, has become a proven success across the UK rail network – including fleets for Greater Anglia, London Overground, C2C and London Midland. The South Western fleet continues this legacy, offering exceptional performance, passenger comfort and sustainability.

Benefits

Benefits that move the 
nation forward

From enhanced passenger comfort to greener technology and stronger regional links – the South Western fleet delivers long-term value for communities, operators, and the environment.

Efficient Performance

Faster acceleration and improved reliability across one of the UK’s busiest commuter networks.

Comfort & Connectivity

Spacious interiors, modern features and a smoother, quieter ride for daily passengers.

Backed by Robust Maintenance and Technical Support

Long-term support from the manufacturer and maintenance partners to protect the integrity of the asset

Increases passenger capacity

The Class 701 fleet provides more seats and better standing space, helping meet growing demand on busy commuter routes

Sustainable Design

Energy-efficient Aventra Platform reduces emissions and enhances environmental performance.

Delivers Long-Term Value

Built with contemporary systems, efficient traction technology and updated accessibility standards, the fleet is designed to serve passengers for decades, supporting dependable long-term lease revenues.

Demonstrates the strength of Rock Rail's investment model

The fleet exemplifies Rock Rail’s partnership approach - bringing long-term institutional capital into UK rail to deliver modern, reliable assets that strengthen public transport.

FAQ

Frequently asked questions

What is the Class 701 fleet?

The Class 701 is a modern electric multiple-unit fleet built to replace older suburban trains on South Western Railway, delivering improved performance, reliability and passenger experience on busy commuter services into London Waterloo.

Rock Rail invested to provide long-term, stable lease income while supporting the modernisation of a critical commuter network. The fleet delivers enhanced operational performance, passenger comfort, and sustainability benefits.

They operate across the South Western Railway suburban network, serving key commuter routes into London Waterloo from Surrey, Hampshire, Berkshire, and surrounding areas.

Passengers enjoy air-conditioned, spacious interiors, walk-through carriages, real-time journey information, and layouts designed for rapid boarding during peak periods.

High acceleration, regenerative braking, and modern components allow the fleet to maintain timetables efficiently, improving reliability and reducing delays across a high-density commuter network.

The fleet is equipped with modern safety systems, including AWS, TPWS and automatic train protection, ensuring secure operation on the South Western network.

As a fully electric, energy-efficient fleet, the Class 701 reduces carbon emissions and supports the decarbonisation of suburban rail services.

Accreditations

Our trusted accreditations

Recognised by leading industry bodies, our accreditations reflect our commitment 
to quality, safety, and sustainability in every project we deliver.

ISO 9001
Cyber Essentials Certified

Driving Net Zero: How Rock Road 
Is Funding the UK’s Bus Transition

Accelerating the shift to clean, affordable, zero-emission transport

Year
2025
Category
Rock Road
Share

The Challenge

The UK bus network is at the heart of everyday travel – but over 30,000 diesel buses still need replacing to achieve a fully zero-emission fleet.

While around 5,000 battery-electric buses are already on the road, the high upfront cost of electric vehicles and depot electrification continues to slow the transition. Traditional funding routes — such as government grants or short-term bank finance – have helped start the journey but cannot support decarbonisation at the scale required.

A new, sustainable funding model was needed: one that could attract long-term capital, spread costs fairly, and give operators and authorities confidence in the future.

The Solution

In 2021, Rock launched Rock Road to deliver exactly that –  applying its proven infrastructure financing approach from the rail sector to the UK’s clean bus revolution.

Working with Aviva, the National Wealth Fund, and HSBC, Rock created a dedicated investment platform that channels infrastructure-style finance from pension funds and institutional investors directly into zero-emission bus projects.

This model provides:

Impact

The platform has already raised £100 million, with capacity to scale to £1 billion per year over the next decade – providing a consistent source of affordable capital for local authorities and operators.

Rock’s model ensures that the total cost of ownership (TCO) of electric buses can now be lower than diesel equivalents, thanks to both cheaper long-term finance and reduced operating costs.

In London, Rock has financed 120 zero-emission buses under 7-year leases aligned with Transport for London’s contract lengths. This structure gives operators flexibility and certainty:

The Future

Rock Road’s ambition is to support the rollout of zero-emission fleets across the UK – helping local authorities and operators meet climate goals without overextending public budgets.

By leveraging limited government funding to attract large-scale private capital – for example, £10 million of public investment unlocking over £250 million in total funding – Rock’s model accelerates decarbonisation while keeping costs low for the public sector.

Our ambition is to make electric buses the default choice - not because of subsidy, but because they are the best economic and environmental option.
Louis Swindell
Commercial Director, Rock Road