Trakk
and
verify
BB Energy is committed to driving the adoption of more sustainable transport, particularly in the Electric Vehicle sector. In 2021, BB Energy Renewables invested in the UK’s Electric Vehicle sector through Zouk Capital’s Electric Vehicle Charging Infrastructure Investment Fund (CIIF), where the British Government is a primary investor.
Since the launch, the fund has made investments in four portfolio companies in the UK. CIIF has updated its expected benefits, anticipating saving 4.3 million tons of CO2 and 30,000 tons of NOx by December 2030.
In August 2023, BB Energy Renewables invested in Sun Mobility, an Electric Vehicles Infrastructure, and battery swapping platform, targeting the electrification of the micromobility sector, which includes 25 million two and three wheel vehicles in the country. As part of the partnership with Sun Mobility, we will explore rolling out this platform in other downstream markets where we have a presence.
Our downstream distribution company in Rwanda, Société Pétrolière (SP), is also leading the way by promoting Electric Vehicle use in Africa. In 2023, SP partnered with Ampersand, Africa’s leading e-mobility solution, to facilitate battery swaps for electric motorcycle drivers at various retail locations in Kigali.
