LONDON, October 07, 2022–(BUSINESS WIRE)–Slate Asset Management (“Slate”), a global alternative investment platform targeting real assets, today announced that it has agreed to provide funding to Move About Group AB (” Move About”), a Swedish electricity mobility service company, to support the deployment of more than 150 electric vehicles and electric vehicle charging infrastructure across Europe. The auto financing provided by Slate will be used to bolster Move About’s electric car fleet, which currently owns and operates more than 800 electric cars and has more than 71,000 users on its platform.
Move About is a Swedish-based electric mobility service that offers green and cost-effective mobility solutions to over 300 locations in Sweden, Norway and Germany. Move About has partnered with some of Europe’s biggest companies to save tons of carbon dioxide emissions each year. Since its inception in 2007, Move About has become the largest emission-free car-sharing provider 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 expand access to sustainable and cost-effective mobility solutions across Europe. This is an area where we see immense opportunity and exciting growth potential as demand for more sustainable mobility solutions continues to accelerate globally. Together with Move About and our other mobility partners, we can help make this technology more accessible while driving significant reductions in urban carbon emissions.
“For us, this addition to our traditional car leases 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 estate asset manager with extensive knowledge of sustainable infrastructure, shares our view on the potential of fossil-free shared mobility.”
Slate is an active investor in sustainable assets and technologies that advance the global energy transition and enable cities and communities to meet their carbon 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 the majority shareholder of 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 aim of creating long-term value for our investors and partners. Slate’s platform offers a range of real estate and infrastructure investment strategies, including opportunistic, value-added, core plus and debt investments. We are backed by exceptional people and flexible capital, which enable us to create and execute a wide range of attractive investment opportunities. Visit slateam.com to learn more.
About Move About AB Group
Move About offers app-based, eco-friendly and cost-effective mobility solutions to individuals as well as businesses, municipalities and organizations. The company has developed and owns all intellectual property rights to its cloud-based green technology platform that provides digital access to electric cars, e-bikes, taxis, metros and parking lots through a single app – around the clock. Each kilometer that the user travels with the electric cars through the platform, CO2 reduces emissions. The Company’s complete mobility solution is based on the Move About application, which allows the user to access the Company’s fleets of electric cars, electric bicycles and electric scooters. Move About also helps companies, municipalities and organizations optimize their vehicle fleets by adapting 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.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20221007005056/en/
Slate Asset Management
Move in group AB