Mevo, an electric car, attracts more funds from Z Energy as the service develops thanks to Sophie Boot



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Z Energy more than doubled its investment in Mevo, the Wellington-based electric car sharing company, with The Wellington Company and European Motor Distributors also investing.

Z increased his stake in Mevo to 12%, financing In addition to his current investment of $ 250,000 last September, he added $ 300,000. Mevo said European Motor Distributors, the parent company of Audi NZ, and The Wellington Company have become 2.1% shareholders.

"It is very promising to see New Zealand companies such as European Motor Distributors, The Wellington Company and Z Energy," Erik Zydervelt, Managing Director and Co-Founder, said in a statement. "Our investors share a vision of carbon-friendly transportation systems in New Zealand and have been fantastic partners in helping to make this reality a reality."

Mevo said that she would use her funding to fuel her expansion and add staff. Rizos leads growth and Maryon Wils leads business sales. He said the launch of his "Floating" service in May – where users can park Mevo cars anywhere in a specified "Welcome Zone" that covers the Wellington CBD and the United States. airport – doubled monthly movements in its vehicles. At Mevo, we hope to allow more Kiwis to take the lead in the future, "said Z's general manager, Mike Bennetts. "This also allows Z to explore the future of mobility and find out more about the changes in the way our customers are getting from A to Z."

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