10 Oct 22

Emissions-free carsharing attracts investment in Europe

Emissions-free carsharing attracts investment in Europe

Swedish electric mobility provider Move About has secured investment from Slate Asset Management to finance the rollout of 150 EVs and charging infrastructure throughout Europe.

Move About currently owns and operates 800 electric cars and has more than 71,000 users on its carsharing platform. Founded in 2007, it currently operates from 300 locations in Sweden, Norway and Germany and is one of the largest emissions-free carsharing platforms in Europe.

Slate is an active investor in sustainable assets and technologies. Christian Schmid, Managing Director, Global Head of Infrastructure at Slate, said, “We are very pleased to partner with Move About to help broaden access to sustainable and cost-effective mobility solutions across Europe. This is an area where we see immense opportunity and exciting potential for growth as demand for more sustainable mobility solutions continues to accelerate globally. Together with Move About and our other mobility partners, we can contribute to making this technology more accessible while driving significant reductions in urban carbon emissions.”

"For us, this complement to our traditional car lease arrangements is proof that institutional capital is eager to be part of the important transition to a fossil-free society,” said Olof Jonasson, CEO of Move About. “We are of course very pleased that Slate, a leading investor and real asset manager with deep knowledge of sustainable infrastructure, shares our view on the potential of shared fossil-free mobility."

Image: Move About Group

Authored by: Alison Pittaway