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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
Cape Town, South Africa
Energy and Transport (E-Mobility)
USD 30 M (Convertible Debt, Equity and Debt)
Ground Floor, Ebden House, Belmont Park, Rondebosch. 7700, Cape Town, South Africa
+27 (0)21 700 3500
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