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Inven Capital backs clean mobility via British zero-emission intercity transport start-up Ember

03/26/2024
Environmental

Ember runs pro-customer intercity electric bus service in Scotland and is building its own charging network connected primarily to renewable sources. Their unique technological platform effectively optimizes routing, recharging, maintenance, and customer service. Ember started in 2020 with 2 electric buses between Edinburgh and Dundee, now they service over 20 towns with 24 vehicles. CEZ Group will strengthen its expertise in low-carbon public transportation. Transport produces approx. 20% of the world's CO2 emissions, almost half of which is passenger transport by road CEZ Group's investment fund Inven Capital is expanding its portfolio of investments with the British start-up Ember, that takes a complex approach to ensuring emission-free intercity transport service. They combine ecological vehicles, on the development of which they actively cooperate with manufacturers, with their own charging infrastructure powered primarily by renewable resources, and unique tech platform, which optimizes routes, charging and vehicle utilization. Ember is not only looking to grow the fleet of all-electric buses connecting the cities of Edinburgh, Perth, Glasgow and Dundee, but is also considering expanding to other areas. In the investment round co-led by Inven Capital, Ember raised 11 million GBP from investors for further development.