M Auto signs $5 million carbon financing with Aera

M Auto signs $5 million carbon financing with Aera

M Auto Electric Mobility, an electric motorbike and tricycle manufacturer and fleet operator led by Shegun Adjadi Bakari (an ATIF partner), entered a three-year carbon credit transaction to reduce emissions generated by its electric vehicle deployment in Africa.

Someone shares this article with you
            ▪ M Auto signs $5 million carbon financing with Aera

▪ M Auto Electric Mobility, an electric motorbike and tricycle manufacturer and fleet operator led by Shegun Adjadi Bakari (an ATIF partner), entered a three-year carbon credit transaction to reduce emissions generated by its electric vehicle deployment in Africa.

https://www.africabusinessplus.com/en/813757/m-auto-signs-5-million-carbon-financing-with-aera-and-myclimate/

M Auto Electric Mobility signed this forward sale on the voluntary carbon market for an estimated $ 5 million with Aera Group, an African carbon credit trader based in Paris. The latter company was co-founded by Fabrice Le Saché (vice-president of the Medef) and current chairman. The carbon credits are then resold to the Swiss foundation myclimate, led by Stephen Neff.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Advisory

09/10/2023 at 15h04, by Africa Business+

Arise CEO Gagan Gupta acquires stake in French traceability company Crystalchain to green industrial estates

Headed by Sylvain Cariou, this French digital company, which works for Suez and Carrefour and uses blockchain...

Land transport

18/08/2023 at 16h43, by Africa Business+, updated 19/08/2023

Electric motorbike company Spiro in talks to raise equity

The African electric mobility specialist – formerly M Auto Electric Bikes – is talking to several potential...

Automotive

02/05/2023 at 11h48, by Africa Business+, updated 05/05/2023

New Benin Minister Shegun Bakari appoints Jules Samain to head Spiro

Jules Samain, the new director, replaces the head and founder of the electric vehicle company, who has...

Renewable energies

08/03/2023 at 18h04, by Africa Business+

Ecosystem Restoration Standard (ERS) raises €5 million for advanced carbon certification standard in Africa 

After two years of R&D and an initial pre-seed of €1 million, the French start-up has just raised new...

Land transport

29/08/2022 at 17h29, by Africa Business+, updated 30/08/2022

Industry

21/07/2022 at 17h46, by Africa Business+, updated 22/07/2022

M Auto, distributor of electric motorbikes, prepares to raise $100 million

Following its launch in Togo and Benin in May, indian company M Auto plans to put 25,000 electric motorbikes...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.