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.

OCEÂNTIA has developed 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.

This is the promoter's third campaign, after having raised 340,000€ to produce the first and second 0% CO2 emission buses (Oceântia Electric Buses and Oceântia Buses II).

The goal of this campaign is to provide liquidity to Oceântia, Lda, through the anticipation of contracts for 4 electric buses with 0% CO2 emissions signed with 3 Municipalities, which are currently in the final stage of production and will be delivered in the first quarter of 2023. 

The company has already received orders for the supply of electric buses to 10 Portuguese Municipalities, which have secured community funding for their purchase under the POSEUR program - Operational Program for Sustainability and Efficiency in the Use of Resources.

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 and school transport services.

The Impact

Indirect

• Reduction of GHG (greenhouse gases) and CO2 emissions from transportation: while avoiding up to 6.9 tonnes of CO2 per year, each electrical bus from Oceântia is a part of a sustainable transport systems strategy, that supports the reduction of cities’ environmental impact per capita.
• 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.

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

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

Managing Partner

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

Updates