Open Projects

EVolution

14,3% €14.993,87 of €105.000
55

days left

5 yr

term

4.45%

a year

B

rating

electric_mobility

Electric mobility

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

Scientific equipment and software for an electric vehicles research and intervention centre

Impact

For each vehicle converted to electric we can assume an average CO2 savings of 110g/km. Considering the expected yearly sales, this project will avoid the emission of around 71 tons of CO2 per year.

Project Information

To cope with EVolution’s growth and ongoing expansion project, the company will invest a global amount of 153.000€ (from which 105.000€ will be financed through GoParity) with the following purposes:

(i) Scientific instruments and equipment for their Research & Development activities

(ii) Software

(iii) Raw materials and components for prototype construction

55

days left

5 yr

term

4.45%

a year

B

rating

electric_mobility

Electric mobility

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

Scientific equipment and software for an electric vehicles research and intervention centre

14,3% €14.993,87 of €105.000

Impact

For each vehicle converted to electric we can assume an average CO2 savings of 110g/km. Considering the expected yearly sales, this project will avoid the emission of around 71 tons of CO2 per year.

Project Information

To cope with EVolution’s growth and ongoing expansion project, the company will invest a global amount of 153.000€ (from which 105.000€ will be financed through GoParity) with the following purposes:

(i) Scientific instruments and equipment for their Research & Development activities

(ii) Software

(iii) Raw materials and components for prototype construction

Evolution

Research, development and repairing centre of electric vehicles and batteries

Active since
2018
Operating in
Lisboa
Industry
Engineering
GoParity Loans
1
About Evolution

EVolution is an engineering company specialized in the development of high-tech hardware and software for electric vehicles and HV batteries. Integrated in the O&M business unit, they also provide specialized service and repair through a franchised network of service centers. EVolution is the first specialized electric vehicle battery and repair centre in Portugal. Research and development is one of the company’s core activity and therefore their workforce is mainly composed by highly-qualified technicians.

The Business Model

Their activity is divided into four different and complimentary business streams: (i) Vehicles conversion to 100% electric or PHEV (plug-in hybrid) (ii) Products related to battery management, maintenance and monitoring (iii) Franchising model (iv) Repair and maintenance assistance service (both B2B and B2C)

Track Record

EVolution opened their first service centre in Lisboa in 2018. Today they have two more running and expect to open two new ones in the first quarter of 2020. The company has converted more than 30 vehicles to electric and have developed several products which have recently started being sold worldwide.

Promoter Rating: B

Risk minimization and guarantees

This loan is secured with the pledge of the equipment. The credit with pledge fits in the category of guaranteed credit, being therefore an additional guarantee in the event of a general breach by the promoter. The group's parent company, WBW, also submitted a comfort letter.

Evolution

Research, development and repairing centre of electric vehicles and batteries

Active since
2018
Operating in
Lisboa
Industry
Engineering
GoParity Loans
1
About Evolution
EVolution is an engineering company specialized in the development of high-tech hardware and software for electric vehicles and HV batteries. Integrated in the O&M business unit, they also provide specialized service and repair through a franchised network of service centers. EVolution is the first specialized electric vehicle battery and repair centre in Portugal. Research and development is one of the company’s core activity and therefore their workforce is mainly composed by highly-qualified technicians.
The Business Model

Their activity is divided into four different and complimentary business streams: (i) Vehicles conversion to 100% electric or PHEV (plug-in hybrid) (ii) Products related to battery management, maintenance and monitoring (iii) Franchising model (iv) Repair and maintenance assistance service (both B2B and B2C)

Track Record

EVolution opened their first service centre in Lisboa in 2018. Today they have two more running and expect to open two new ones in the first quarter of 2020. The company has converted more than 30 vehicles to electric and have developed several products which have recently started being sold worldwide.

Promoter Rating: B

Risk minimization and guarantees

This loan is secured with the pledge of the equipment. The credit with pledge fits in the category of guaranteed credit, being therefore an additional guarantee in the event of a general breach by the promoter. The group's parent company, WBW, also submitted a comfort letter.

Updates

Here you can find a history of the key milestones for this investment as well as any updates provided by the issuing promoter.

Updates

Here you can find a history of the key milestones for this investment as well as any updates provided by the issuing promoter.