Business
JM | Nov 29, 2022

Evergo Jamaica parent company buys Mexico-based E-DRIVE

/ Our Today

administrator
Reading Time: 2 minutes

Investing US$200 million in E-DRIVE over the next five years

Durrant Pate/Contributor

Evergo Jamaica’s parent company has acquired majority ownership of Mexico-based E-DRIVE, a company that provides infrastructure solutions for electric mobility.

With this acquisition, Evergo, which is in the business of providing electronic vehicle (EV) charging stations, has expanded its footprint to Mexico, having already set up operations in Jamaica, Spain, the United States, México, Panama, Paraguay, Puerto Rico, Uruguay, the Dominican Republic and Aruba. Evergo is part of the InterEnergy Group, based in Latin America.

Evergo, which has more than 500 charging stations installed or in the process of being installed across its operating territories, plans to invest as much as US$200 million in E-DRIVE, spread over the next five years.

In a news release, Evergo said: “Over the next five years, with an investment of US$200 million, the Evergo/E-Drive partnership will offer a robust network comprising more than 15,000 new public and residential charging stations across Mexico.”

Expanding EV charging with home-charging technology

Both companies will also combine their experience to expand existing residential EV charging with the home-charging technology, ‘My Evergo’. The partnership will also see the addition of charging service for corporate electric fleets under the ‘Evergo Fleet’ initiative.

Evergo Mexico offers level two alternating current stations of up to 20kW and level 3 direct current chargers of up to 600kW of power. These units can charge an EV in less than half an hour.

The company will also launch the Evergo App, which will allow “all charging stations to connect with the network used in an increasingly growing number of countries”.

, InterEnergy Group CEO and Chairman Rolando González-Bunster.

Speaking at the launch event of this partnership in Mexico City, InterEnergy Group CEO and Chairman Rolando González-Bunster said the partnership would result in the elimination of more than one million tons of CO2 emissions this year.

According to him, the expansion in the Mexican market “…interacts with our vision of facilitating this transition throughout the region while promoting a positive impact on the environment”.

Meanwhile, co-founder and CCO at E-DRIVE, Daniel López, said the partnership would allow E-DRIVE to deploy the largest and most powerful network of charging stations in the country, which should encourage confidence in the use of electric vehicles throughout the Mexican Republic, supported by ‘cutting-edge’ technology.

Comments

What To Read Next