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PROJECT FLX FV
DESCRIPTION OF THE PROJECT:
Flx EV is introducing electric minibus taxis to help decarbonise South Africa's primary public transport mode. Electric minibus taxis will be supplied via a financing model that is affordable and scalable. Flx EV is also developing charging facilities in minibus taxis ranks to optimize vehicle performance.
INVESTMENT PURPOSE AND ALLOCATION
1) Deployment of 400 electric minibus taxis in the South African market.
2) Development of 10 charging facilities in minibus taxi ranks
LOCATION
Cape Town, South Africa
SECTOR
Energy and Transport (E-Mobility)
STAGE
Early Stage
INVESTMENT REQUIRED
USD 30 M (Convertible Debt, Equity and Debt)
Address
VUKA Group
Ground Floor, Ebden House, Belmont Park, Rondebosch. 7700, Cape Town, South Africa
Contact
+27 (0)21 700 3500
Organised by
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