Oceântia Buses III

CO2-zero transportation for a green future.

Investment overview

Impact category

Green economy

Investment type

Loan

Yearly interest

5.25

Term

months

Risk level

What will you be financing?

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.

What is the impact?

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.
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.

Impact indicators
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CO2 avoided per year

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

Oceântia, Lda

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.
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.

Promoter website

https://oceantia.pt/

Team
‍

[{"id":48,"promoter_id":246,"name":"Valter Duarte","description":"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.","link":"https://www.linkedin.com/in/valterduarte/","role":"Managing Partner","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/64a/d18/080/64ad180805d35351677958.jpeg","avatar_id":103845}]

Business Model
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