Electric Mobility

PROJECT

Electric vehicle rental

Summary

Multicar is a vehicle rental company that will make a strategic investment to expand its fleet by incorporating 150 electric vehicles.

8502

tCO2

Estimated emissions avoided in 12 years

11

tCO2

Estimated emissions avoided avoided per US$1000 of REIF investment

70% BBVA | 30% REIF

150

electric vehicles

Information

Beneficiary

Multicar

Developer:

Celmu

Technology:

Electric vehicles

Vertical technology:

Electric mobility

Co-financier:

BBVA

Project led by
by a woman

Of electric vehicles in its fleet

0 %

Impact

Opting for electric vehicles, as opposed to conventional vehicles, contributes to advancing the second energy transition by reducing dependence on fossil fuels and therefore CO2 emissions from the country's vehicle fleet.

Non-reimbursable technical assistance

REIF offers comprehensive technical assistance that includes recording, monitoring and reporting avoided greenhouse gas (GHG) emissions (tCO2); monitoring gender and impact indicators annually during the credit period; preparing a sustainability report; and implementing gender equality practices in the workplace, using the Women's Empowerment Principles (WEPs) as a reference.

Impact and gender