AFRICA: Aera and myclimate sell  million in carbon credits for M Auto’s EVs

AFRICA: Aera and myclimate sell $5 million in carbon credits for M Auto’s EVs

The response to the climate emergency is taking shape in Africa. Aera, a French carbon credits negotiator for Africa enters into a partnership with the Swiss foundation myclimate to sell carbon credits worth $5 million to Indian car manufacturer Mauto Electric Mobility (M Auto) . “We are pleased to provide carbon credit revenue to help reduce e-bike rental costs and allow M Auto to raise additional funds to deploy bikes faster”rejoices Fabrice le Saché, the founding president of Aera.

These carbon credits which will be allocated to M Auto between 2023 and 2025 correspond to its capacity to reduce CO2 emissions2. Concretely, the company will eventually be able to sell its surplus credits on the carbon market. The agreement aims in particular to reduce CO emissions2 generated in the transport sector on the African continent through the construction of assembly plants for the deployment of two million electric bicycles, as well as the construction of charging stations in six African countries south of the Sahara here in 2030.

“Carbon credit revenue support is now crucial to scaling and sustaining our green ambition. This would not be possible without our solid penetration and growth strategy developed by our teams over the past few months. We will therefore change the transport sector on a daily basis in African cities where air pollution from traffic is becoming a major source of public health concern”explains Shegun Adjabi Bakari, CEO of M Auto.

West Africa in the race for ecological mobility

In June 2022, M Auto announced the marketing of its two electric motorcycle models “Chap chap” and “Commando” in Benin and Togo. These vehicles equipped with a 72 V lithium battery capable of reaching a speed of 90 km/h will contribute to the promotion of sustainable transport in these two West African countries.

Also read- AFRICA: electric mobility can defy climate crisis according to General Motors

In Benin, these two-wheeled vehicles made available to transport professionals (mototaxi), households and businesses will be recharged at stations planned in the Glo Djigbé industrial park in Cotonou. In Togo, where M Auto has been present since September 2021, a charging station will soon be operational in the Adétikopé industrial platform located 37 minutes from the capital Lomé.

Benoit Ivan Wansi