Energy giant Copec invests in Optibus to accelerate bus electrification and smart charging in Latin America.

A strategic partnership between Copec WIND Ventures, Copec’s strategic venture capital arm, with Optibus has been made official: together they will explore synergies related to bus depot electrification, eBus-as-a-service, and smart charging for passenger service providers in Latin America. The investment reinforces Optibus’ status as a player in electric vehicle solutions and increases the company’s valuation after the 2022 funding round.

LATAM in the sights of Copec and Optibus

The electric bus market in Latin America represents one of the greatest opportunities for sustainability and impact worldwide. In thirty-two Latin American cities, the number of electric buses is expected to increase sevenfold by the end of this decade, from 4,000 e-buses currently deployed to 25,000. This represents an investment opportunity of $11.6 billion by 2030 and $24.6 billion by 2050, as well as an impactful opportunity to create cleaner mobility in a region where public and shared transportation comprises 68 percent of passenger trips, one of the highest rates globally.

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«Copec is committed to leading the development of electromobility and bringing its benefits to more people every day, being a key ally in the electrification of public and private transportation» says Leonardo Ljubetic, Chief Development Officer of Copec. Who adds: «This partnership allows us to continue taking significant steps towards our mission to accelerate the energy transition in Latin America through innovation and technology. By joining forces with Optibus, we are not only electrifying buses; we are reimagining urban mobility to make it more efficient, accessible and, most importantly, sustainable».

«Copec WIND Ventures is deeply committed to fostering innovation that drives concrete impact. Our investment in Optibus reflects this commitment and our confidence in its technology to revolutionize public transportation in Latin America. Optibus is at the forefront of this transformation, offering solutions that align with our vision of a more sustainable and efficient mobility landscape», adds Brian Walsh, Head of Copec WIND Ventures.

«Every city transitioning to electric buses needs specialized software to support that complex transition. Optibus is proud to be on the ground in Latin America to enable more sustainable public transportation and is honored to be working with Copec to strengthen our commitment to the region», says Amos Haggiag, CEO and co-founder of Optibus.


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