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Z Energy invests in Mevo and future of mobility

28/09/2017 - General News

Georgina Ball

Wellington Mevo fleet to grow to 50 vehicles
IMG 3976

  Mevo, the world’s first climate positive on-demand vehicle company, is set to expand its fleet with a $250,000 (NZD) investment and partnership with New Zealand transport energy company, Z Energy.

Kiwi company, Mevo, has been in operation since December 2016 and aims to deliver mobility-on- demand with its curated network of hybrid Audi e-trons. With a growing fleet of plug in hybrid Audi A3 Sportback e-tron cars in Wellington, Mevo members can book, lock and unlock a Mevo vehicle using the Mevo app, which connects securely to the onboard security system.

The way people will get around is going to change dramatically as the world moves away from fossil fuels. The investment from Z Energy comes as the energy company looks to the growth of renewable energy to diversify its interests and make EV vehicle sharing a reality for more Kiwis, starting with Wellington.

Mevo will use the funding to scale its Wellington-based fleet to 50 vehicles, including a one-way airport service connecting the airport to Wellington CBD. Co-founder of Mevo, and finalist for New Zealand Young Innovator of the Year, Erik Zydervelt, said the investment from Z Energy is validation of the company’s vision for the future of mobility in New Zealand.

“We’re excited to have forward-thinking partners who support our mission to not only lower carbon emissions, but to increase the livability of Wellington by reducing the number of cars on the road. We are leading the change in the car-sharing industry, not only in New Zealand but globally. The investment in Mevo means that we can offer even more members the convenience and flexibility of car ownership, without the cost,” said Erik.

“The investment from Z Energy is a reflection of their interest in renewable energy innovation and their commitment to lowering their impact on the environment. We are thrilled to welcome Z Energy on as investors.”

Z Chief Executive, Mike Bennetts, said Mevo is an exciting start-up with potential to become a much more significant mobility platform for urban dwellers.

“We are proud to support and invest in a New Zealand company helping change how people get around.”

“This is the latest in a series of moves Z is making to meet its commitment to environmental sustainability and provide alternatives to fossils fuels, following investment in EV charging stations and building the country’s first commercial scale biodiesel production plant,” said Mike.
 

Z Energy media contact
Georgina Ball 
Z Energy
georgina.ball@z.co.nz
+64 4 498 0132

Mevo media contact

Marija Bijelic
Sling & Stone
marija@slingstone.com
+64 21 832 128

 

 

About Mevo
Founded in 2016 by Erik Zydervelt and Finn Lawrence, Mevo is New Zealand’s first electric on-demand car rental company, delivering mobility on demand by curating a network of hybrid Audi e-trons which members can pick up and drive as needed. Globally unique and based in Wellington, the Mevo fleet of Audi A3 Sportback e-trons use responsible carbon credits to sustain and restore the environment.

The membership-based network, which is made possible by a partnership between Wellington City Council, energy partner Meridian, insurance partner Trade Me and vehicle partner Audi, is the first of its kind in on-demand car rentals.

The Mevo member experience has been designed from the ground up to be “digital first” with no need to collect a key, swipe card or access code before driving away.
  • New Zealand Innovation Awards 2017 Start-up Innovation of the Year Finalist
  • New Zealand Innovation Awards 2017 Young New Zealand Innovator Finalist
  • Sustainable Business Network Smarter Transport Finalist