Mexico Gets $500 Million EV Charging Boost as Investment Rises
Mexico City. The Mexican market is attractive due to high public transport usage that is increasingly being electrified.
Photographer: Mariceu Erthal/BloombergA pair of US companies plans to install electric-vehicle chargers in Mexico’s central region as part of a $500 million investment pact, the latest example of international investors betting on the country’s growing EV sector.
Invisible Urban Charging Inc. and ATX Smart Mobility, LLC will oversee the $500 million investment, starting with plans to deploy 38 chargers and 140 electric buses in the country’s so-called Bajío region, located in the center of Mexico, over the coming months. Atlanta-based IUC provides funding for charger installations, as well as hardware sourcing and servicing, a software platform for site owners, and an app for drivers. Miami-based ATX provides technology to optimize routes and energy use within public transport systems using an AI-driven platform.