PROJECT

Projects

Summary of Investment Information

Project Number

50440

Company Name

Evm Evolution Mobility S.A.

Date SPI Disclosed

Aug 18, 2026

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Sep 30, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

Aug 18, 2026

Department

CN6L2 - Regional Industry INF LAC & EUR/INR LAC2: Southern Cone & Brazil

Industry

Infrastructure

Sector

Other (Including General Freight Trucking)

Additional Project Attributes

Blended Finance

Project Description

The  Project consists of supporting the short-term capex growth of Evolution Mobility S.A. (“EVM”), a Brazil-based Fleet-as-a-Service (FaaS) platform focused exclusively on battery electric vehicles (BEVs) for last-mile logistics and commercial operations. EVM provides long-term, inflation-linked leasing contracts (typically 5–8 years) bundled with value-added services including fleet diagnostics, vehicle procurement, maintenance management, charging infrastructure, digital fleet monitoring, and operational support.

EVM is a first mover in Brazil’s commercial BEV FaaS segment and currently operates a contracted fleet of more than 1,000 vehicles serving 30 clients across e-commerce, retail, logistics, and infrastructure sectors. The Project will finance the expansion of EVM’s BEV fleet and associated charging infrastructure in Brazil during 2026–2027, enabling the deployment of approximately 500 additional electric vans and trucks under pre-contracted pipeline agreements. The Project supports the electrification of commercial fleets, increasing economic efficiency and reducing transport-related GHG emissions, and contributes to the development of Brazil’s nascent electric mobility ecosystem.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation