ADB has partnered with Ayala Corporation to invest USD 100 million into the development of the electric mobility ecosystem in the Philippines.
Information on the Target
The Ayala Corporation, a leading conglomerate in the Philippines, has teamed up with the Asian Development Bank (ADB) to secure a financing package totaling USD 100 million. This partnership aims to enhance the development of the electric mobility ecosystem in the country. The funds will primarily be allocated towards the procurement and installation of electric vehicle charging stations and the acquisition of electric vehicles for commercial purposes, thereby promoting sustainable transportation solutions.
With a rich history in diversifying its business portfolio, Ayala Corporation is strategically positioned to leverage this investment to bolster the Philippines' efforts in transitioning to electric mobility. The company's ongoing commitment to innovation and sustainability aligns well with the country's growing demand for environmentally friendly transportation options.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Philippines
The energy and transportation sectors in the Philippines have been experiencing a transformative shift towards sustainability. This evolution is reflected in the increased investments in electric mobility infrastructure. The
Similar Deals
Asian Development Bank (ADB)
invested in
Ayala Corporation
in
in a Other deal
Disclosed details
Transaction Size: $100M