Share
115.000 €
Settled by the promoter
Oceântia Electric Buses
Lisboa, PT
instalment
biannual
term
1 year
yearly interest
5%
risk rating
C+
CO2-zero transportation for a green future.
Description
In the environmental emergency scenario we are facing, caused by climate change, it is urgent to perform an accelerated shift from vehicles with traditional engines to new electric motor vehicles with 0% CO2 emissions. This is the mission of the Portuguese start-up OCEÂNTIA.
The funds raised through this campaign are intended to finance the initial investment in the development of a new electric bus with 0% CO2 emissions.
OCEÂNTIA is developing a new model for an electric bus with 0% CO2 emissions, high capacity batteries, a modern and attractive design, and high interior comfort, ideal for public transport and school transport in companies and municipalities.
Each OCEÂNTIA electric bus that replaces an old combustion engine bus will save up to more than 1.000 tons of CO2 over its lifetime.
This new model has attracted the interest of Municipalities and Transportation Operators, to be used in public passenger transport services, school transport services, and tourism services.
The launch date for the Portuguese and Spanish markets is scheduled for the second half of 2022 and the expansion to the rest of the European market is expected to start in 2023.
The Impact
Direct
- Reduction of GHG (greenhouse gases) and CO2 emissions from transportation: while avoiding up to 6.9 tonnes of CO2 per year, the electrical bus from Oceântia is a part of a sustainable transport systems strategy, that supports the reduction of cities’ environmental impact per capita. The CO2 avoided in this campaign is equivalent to planting 3165 trees every year.
Indirect
- Promotion of innovation towards sustainability in Portugal: the Oceântia electrical fleet is based on innovative processes in Portugal to develop zero-emission buses. The development and construction of the fleet represent technical know-how and jobs created in Portugal.
- Creation of jobs: Oceântia plans to hire 11 people to work in the planning, construction, and sales of electric vehicles.
Impact Indicators
69,62 t
CO2 avoided per year
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
This loan will be repaid using the funds from the already agreed upon sale of the bus to a municipality.
Additionally, it is relevant to mention that there is EU funding available, under the Recovery and Resilience Program, to support Municipalities and Private Operators in the renovation and acquisition of new fleets of electric buses. In Portugal, this figure is above 100 million euros of investment for the acquisition of electric buses in the next 3 years. Similar funding is available in Spain and the rest of Europe. As a consequence, there is increased demand for electric buses and several organizations have shown interest in the purchase of this model.
Download Key Investment Information Sheet
The Promoter
About Oceântia, Lda
OCEÂNTIA is a Portuguese start-up, created by a group of Portuguese engineers, dedicated to the production and marketing of new models of electric buses with zero CO2 emissions. The company was born in 2020, followed by the pandemic crisis, which did not dissuade its founders, given their confidence in the product, and increased the debate on the need for green alternatives.
The team
Valter Duarte
Valter is an Engineer with an MBA and has more than 20 years of experience in the transportation field, both in the private and public sectors.
Business Model
Although the company is yet to start its commercial activity, Oceântia has a portfolio of potential customers interested in renewing their bus fleets, replacing fossil combustion engines with electric buses. Among the potential buyers are municipalities, public and private carriers, schools, and tourism services.
This interest is reinforced by the current availability of considerable EU funding under the Recovery and Resilience Program to support the purchase of electric buses.
Active since
2020
Fiscal country
PT
Operating In
Portugal
Industry
Mobility
Number of Goparity Loans
5
Women Shareholders
No
Website
https://oceantia.pt/Updates
2023-04-06
Project End
This project has successfully reached its payments plan maturity. All investors have received their full capital invested and interest. Nevertheless, its impact will keep growing for many more years!
2022-10-06
First payment
First instalment was paid to all the investors
2022-04-01
100% funded
748 investors successfully raised 115.000€
2022-03-29
Open for investment
This campaign will help avoid the emission of 70 tons of CO2 per year
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1070-289 Lisboa
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