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Electric Mobility

PROJECT

Import of electric vehicles

project-fiancar

Summary

As part of its growth strategy in an expanding market, the company invests in importing electric cars for sale in Uruguay. This initiative contributes to the reduction of CO₂ emissions from the national vehicle fleet, is aligned with the country's sustainability goals, and promotes cleaner and more efficient mobility.

7048

tCO2


Estimated emissions emissions avoided in 8 years. years.

15

tCO2


Estimated emissions avoided avoided per US$1000 of REIF investment

30

%


of the people involved in the development development, start-up and operation are women. operation are women.

70% Scotiabank | 30% REIF

Information

Beneficiary

Fiancar Group

Investment:

Electric vehicles

Vertical technology:

Mobility mobility

Co-financier:

Scotiabank

Impact

The acquisition of electric vehicles contributes to advancing the second energy transition by reducing dependence on fossil fuels, thereby reducing greenhouse gas emissions.

Non-reimbursable technical assistance

REIF offers technical assistance for the annual monitoring and reporting of gender and impact indicators during the credit period, the elaboration of a sustainability report and the implementation of gender equality practices in the workplace, based on the Women's Empowerment Principles (WEPs).

  • Impact and gender