Evsy Eyes Expansion, Targets $4M Funding Round in 2024

Evsy, initiated by Güil Mobility Ventures under Grupo Kaufmann, began as a mobile app pinpointing electric vehicle (EV) charging locations. Under CEO Pablo Maturana‘s leadership, it’s evolved into a comprehensive regional service.

The company’s innovative approach includes installing free charging stations in residential buildings where private installations aren’t feasible, leveraging a transaction-margin business model. This move coincides with their strategic goal to increase app usage across Latin America, involving partnerships with Colombian energy companies.

In a bid to fuel further expansion, Evsy is actively seeking investors for a substantial $4 million capital infusion. This funding is earmarked for accelerating growth in existing territories and venturing into new markets.

Currently, the platform boasts 16,500 users, offering an interactive map of charging points across Latin America. The app allows users to charge and pay at any integrated point, akin to services like Rappi or Uber Eats. Evsy retains a margin from each transaction, functioning similarly to a payment processing system.

The platform not only facilitates EV charging but is continuously updated with user-contributed data, ensuring a comprehensive and current database for all electric vehicle owners.

With information of Lucas Saavedra