Business Wire

Slate Asset Management Provides Fleet Financing to Move About Group AB to Support Rollout of Electric Vehicles and Charging Infrastructure Across Europe

Share

Slate Asset Management (“Slate”), a global alternative investment platform targeting real assets, today announced that it has agreed to provide financing to Move About Group AB (“Move About”), a Swedish electric mobility service, to support the roll out of more than 150 electric vehicles and electric vehicle charging infrastructure throughout Europe. The car funding provided by Slate will be used to bolster Move About’s electric car fleet, which currently owns and operates over 800 electric cars and has more than 71,000 users on its platform.

Move About is a Sweden-based electric mobility service that delivers environmentally friendly and cost-effective mobility solutions to over 300 locations across Sweden, Norway, and Germany. Move About has partnered with some of the largest companies across Europe to save tons of carbon dioxide emissions every year. Since it was founded in 2007, Move About has become the largest provider of emission-free carsharing in the Nordic region.

Christian Schmid, Managing Director, Global Head of Infrastructure at Slate, said, “We are very pleased to partner with Move About to help broaden access to sustainable and cost-effective mobility solutions across Europe. This is an area where we see immense opportunity and exciting potential for growth as demand for more sustainable mobility solutions continues to accelerate globally. Together with Move About and our other mobility partners, we can contribute to making this technology more accessible while driving significant reductions in urban carbon emissions.”

"For us, this complement to our traditional car lease arrangements is proof that institutional capital is eager to be part of the important transition to a fossil-free society,” said Olof Jonasson, CEO of Move About. “We are of course very pleased that Slate, a leading investor and real asset manager with deep knowledge of sustainable infrastructure, shares our view on the potential of shared fossil-free mobility."

Slate is an active investor in sustainable assets and technologies that advance the global energy transition and enable cities and communities to reach their carbon emission reduction goals. Last month, Slate announced a strategic partnership with Roswall Development Inc., a fully integrated Canadian renewable energy company in Halifax, Nova Scotia, through the acquisition of a significant minority stake in the company. Slate is also a majority stakeholder in amperio GmbH, a specialist planner and operator of electric vehicle charging infrastructure in Germany.

About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

About Move About Group AB
Move About offers app-based, environmentally friendly and cost-effective mobility solutions to individuals as well as companies, municipalities and organizations. The company has developed and owns all intellectual property rights to its cloud-based greentech platform that provides digital access to electric cars, electric bicycles, taxis, subways and parking via one and the same app - around the clock. Every kilometer that the user travels with the electric cars through the platform, CO2 reduces emissions. The Company's comprehensive mobility solution is based on the Move About app, which gives the user access to the Company's pools of electric cars, electric bicycles and electric scooters. Move About also helps companies, municipalities and organizations optimize their vehicle fleets by tailoring mobility solutions as needed. Move About was founded in Oslo, Norway in 2007 and today has over 71,000 users on its platform and over 800 electric cars in its vehicle fleet with a presence in Sweden, Norway and Germany. Visit Moveaboutgroup.com to learn more.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media
Slate Asset Management
Karolina Kmiecik
karolina@slateam.com

Move About Group AB
Olof Jonasson
olof.jonasson@moveaboutgroup.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Dawex & IDSA Applaud the Publication by Gaia-X of the First Data Exchange Services Specification Document, Marking a New Milestone for Developing a Strong, Secure, Trustworthy and Sovereign European Data Economy28.11.2022 09:00:00 CET | Press release

Dawex, the leading technology company for data exchange, data marketplace and data hub, and the International Data Spaces Association (IDSA), defining a global standard for trustworthy data connectors, respectively Lead and co-Lead of the Gaia-X Data Exchange Services Working Group, today applaud the first publication of the Gaia-X Data Exchange Services document, and congratulate the Working Group members on their active contribution and for reaching this exceptional milestone. The Gaia-X Data Exchange Services Specification document defines the vocabulary for data exchange, sets the definition of data exchange services as well as conceptual & operational models, data exchange policies and ontologies for data exchange to deliver trust, interoperability, discoverability and traceability to the data economy. The publication by Gaia-X of the Data Exchange Services Specification document is resulting from an intensive collaboration between members of the Data Exchange Services Working Gro

Fundsmith Appoints FundRock for Distribution of Fundsmith SICAV28.11.2022 09:00:00 CET | Press release

FundRock Management Company, a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), announces the expansion of its relationship with leading fund management company Fundsmith LLP, to now include distribution services. FundRock enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo and fund distribution services under one roof, complemented by a wide range of fund administration, middle office, banking, depositary and custody services delivered through parent company Apex Group. In addition to existing ManCo services, FundRock Distribution S.A. will now provide distribution services, enabling Fundsmith LLP to distribute its funds in the EU. FundRock’s established network of more than 200 experts in key jurisdictions including Luxembourg, the United Kingdom, Ireland, Netherlands, France, Italy, Switzerland, Germany, Abu Dhabi and Singapore delivers significant time, resource and

Ferinject ® approved in Chinafor the treatment of iron deficiency in adult patients28.11.2022 07:00:00 CET | Press release

Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221127005020/en/ CSL Vifor and Fresenius Kabi today announced that China’s National Medical Products Administration (NMPA) has approved Ferinject®, a preparation for intravenous iron therapy for the treatment of iron deficiency in adult patients for whom oral iron preparations are ineffective, oral iron preparations cannot be used or for whom there is a clinical need to deliver iron rapidly. Ferinject® has now received marketing authorization in 85 countries worldwide. “We are thrilled about the marketing authorization of Ferinject®, which is a milestone for Chinese patients living with iron deficiency or iron deficiency anemia”, said Hervé Gisserot, General Manager of CSL Vifor. “There is a high unmet need in China, which has the world’s largest iron deficiency population, and we are confident that Ferinject® can make a meaningful difference in the treatment of

BLUETTI Is to Supercharge ISPO 202228.11.2022 03:27:00 CET | Press release

BLUETTI, a global leader in the clean energy storage industry, will present its new inventions at ISPO, the world's largest sports trade show, to be held in Munich, Germany, from November 28 to November 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221127005071/en/ (Graphic: Business Wire) This year's ISPO focuses on 'New Perspectives in Sports', with themes such as innovation and sustainability. “We believe our participation could bring fresh insights into outdoor and at-home sports. Our clean and reliable energy solutions will empower sports lovers’ green lifestyles,” James Ray, the spokesman, explained BLUETTI's attendance. BLUETTI has released its latest masterpieces, the AC500&B300S and EP600&B500. The AC500 follows the modular design of the AC300 and is substantially updated in capacity and capability. With a 5.000W output and 16 outlets, it can be used as a solid backup power source on the go or in the hous

Philip Morris International Announces New Regional Structure and Senior Management Changes to Accelerate Growth Toward a Smoke-Free Future25.11.2022 19:05:00 CET | Press release

Philip Morris International Inc. (PMI) (NYSE: PM) today announced a new regional structure and related senior management changes to enable continued growth as a multicategory leader internationally and advance its rapid transition toward a smoke-free future. “We are changing the company’s regional structure to further support the growth of our smoke-free business, reinforce consumer centricity, and increase the speed of innovation and deployment—all in alignment with our ambition of becoming a majority smoke-free business by net revenues by 2025,” said Jacek Olczak, PMI’s Chief Executive Officer. “The new structure will also create new opportunities to further grow our senior talent, deepening the bench of leaders who will spearhead PMI’s progress toward a smoke-free future for the years to come. I am confident of the exceptional caliber and determination of our people and wish them the best in their new roles.” By the end of January 2023, PMI will rearrange its operations in four regi