Clime Capital and EBOOST Drive Expansion of Open EV Charging Network in Vietnam

Clime Capital, the Singapore-based fund manager focusing on accelerating the low carbon transition, announced that the Southeast Asia Clean Energy Facility (SEACEF) has committed funding to EBOOST, the open-network electric vehicle (EV) charging operator in Vietnam.

SEACEF’s investment in EBOOST will fund the deployment of EV charging installations in Vietnam and provide safe and affordable EV charging services to Vietnam’s early EV adopters.

The absence of EV charging infrastructure has been cited as a critical factor holding back the pace of EV deployment in Vietnam and elsewhere in Southeast Asia.

SEACEF’s investment into expanding EV charging availability has the potential to accelerate decarbonisation of Vietnam’s transportation sector, which accounts for 25% of the country’s CO2 emissions.

Mason Wallick, Chief Executive Officer at Clime Capital, said: “We are thrilled to support EBOOST in dramatically expanding the critical resources to electrify transport in urban centres like Ho Chi Minh and Hanoi, which will provide urgent and massive CO2 mitigation when we need it the most – right now.”

In addition to the EBOOST investment, SEACEF has completed seven investments in Indonesia, Vietnam, and the Philippines since the fund’s launch in June 2020. SEACEF is backed by leading international climate foundations and investors.

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