Electromobility EZvolt raised a $2M round from Vibra Ventures, the investment arm of Vibra, Brazil’s largest distributor of petroleum derivatives and biofuels. This follow-on investment comes a year and a half after Vibra’s first investment of $1M into the startup.
With this capital injection, EZVolt will undertake several projects, including the launch of ultra-fast electric charging stations in Rio de Janeiro. The company was recently selected by the city’s government to participate in an innovation project called Sandbox Rio, which will allow them to install their electric charging stations at strategically mapped public locations throughout the city.
Additionally, EZVolt will engage in carbon credit generation through fleet replacement and enter the vehicle charging market.
“EZVolt has grown exponentially since Vibra’s initial investment. With this new funding, we will focus heavily on new charging solutions for truck fleets, ride-sharing vehicles, and buses. We have secured approval from Verra for our carbon credit generation project in the regulated market. This will be a significant advantage for all the multinational companies utilizing our services in the coming years.” explains Gustavo Tannure, CEO of EZVolt.
Established in 2019, EZVolt operates across 13 states and has deployed over 600 chargers, facilitating approximately 16,000 battery recharges per month.
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