Cooltra Motorcycle Investment

Sector

Sustainable transport

Investment date

2018

Status

Disinvested

At a glance

Investment in a fleet of 1,000 electric scooters for the Cooltra group, an urban mobility sharing platform. This move towards scooter-sharing platforms using electric vehicles contributes to combating noise pollution and greenhouse gas emissions in urban environments, while supporting the development of more sustainable urban mobility practices that make more efficient use of resources.

Impact

What

The Cooltra project uses only renewable electricity for its vehicles, leading to the decarbonisation and electrification of urban transport, improving air quality and aligning with the objectives of economic viability, social equity and environmental quality of the European Commission’s Sustainable Urban Mobility Planning.

Who

Sustainable mobility offers important benefits to citizens and commuters, such as reduced fossil fuel combustion, more transport options and accessibility for all segments of the population, including those living in areas with fewer alternatives.

How much

The sustainable mobility project operates with around 1,000 scooters covering an estimated distance of 2,560,000 km per year, with a green electricity consumption of 117 MWh/year and a lifetime of 6 years. Cooltra Inversión Motos reduced CO2 emissions by 1,000 tonnes.

Core SDGs

Secondary SDGs

Risks

The lack of urban planning for the energy transition, the slow implementation of vehicle restrictions and the need to change socio-economic and cultural behaviours may hinder the extension of the project.

Greater involvement in public-private cooperation is essential to promote sustainable mobility alternatives among citizens and commuters.

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