Slate Asset Management Provides Fleet Financing to Move About Group AB to Support Rollout of Electric Vehicles and Charging Infrastructure Across Europe
October 07 2022 - 3:00AM
Business Wire
Slate Asset Management (“Slate”), a global alternative
investment platform targeting real assets, today announced that it
has agreed to provide financing to Move About Group AB (“Move
About”), a Swedish electric mobility service, to support the roll
out of more than 150 electric vehicles and electric vehicle
charging infrastructure throughout Europe. The car funding provided
by Slate will be used to bolster Move About’s electric car fleet,
which currently owns and operates over 800 electric cars and has
more than 71,000 users on its platform.
Move About is a Sweden-based electric mobility service that
delivers environmentally friendly and cost-effective mobility
solutions to over 300 locations across Sweden, Norway, and Germany.
Move About has partnered with some of the largest companies across
Europe to save tons of carbon dioxide emissions every year. Since
it was founded in 2007, Move About has become the largest provider
of emission-free carsharing in the Nordic region.
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."
Slate is an active investor in sustainable assets and
technologies that advance the global energy transition and enable
cities and communities to reach their carbon emission reduction
goals. Last month, Slate announced a strategic partnership with
Roswall Development Inc., a fully integrated Canadian renewable
energy company in Halifax, Nova Scotia, through the acquisition of
a significant minority stake in the company. Slate is also a
majority stakeholder in amperio GmbH, a specialist planner and
operator of electric vehicle charging infrastructure in
Germany.
About Slate Asset Management Slate Asset Management is a
global alternative investment platform targeting real assets. We
focus on fundamentals with the objective of creating long-term
value for our investors and partners. Slate’s platform has a range
of real estate and infrastructure investment strategies, including
opportunistic, value add, core plus and debt investments. We are
supported by exceptional people and flexible capital, which enable
us to originate and execute on a wide range of compelling
investment opportunities. Visit slateam.com to learn more.
About Move About Group AB Move About offers app-based,
environmentally friendly and cost-effective mobility solutions to
individuals as well as companies, municipalities and organizations.
The company has developed and owns all intellectual property rights
to its cloud-based greentech platform that provides digital access
to electric cars, electric bicycles, taxis, subways and parking via
one and the same app - around the clock. Every kilometer that the
user travels with the electric cars through the platform, CO2
reduces emissions. The Company's comprehensive mobility solution is
based on the Move About app, which gives the user access to the
Company's pools of electric cars, electric bicycles and electric
scooters. Move About also helps companies, municipalities and
organizations optimize their vehicle fleets by tailoring mobility
solutions as needed. Move About was founded in Oslo, Norway in 2007
and today has over 71,000 users on its platform and over 800
electric cars in its vehicle fleet with a presence in Sweden,
Norway and Germany. Visit Moveaboutgroup.com to learn more.
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version on businesswire.com: https://www.businesswire.com/news/home/20221007005056/en/
Media Slate Asset Management Karolina Kmiecik
karolina@slateam.com
Move About Group AB Olof Jonasson
olof.jonasson@moveaboutgroup.com