Electric car-share Mevo attracts more funding from Z Energy as service expands

Mon, 16 Jul 2018

By Sophie Boot July 17 (BusinessDesk) - Z Energy has more than doubled its investment in Mevo, the Wellington-based electric car-sharing firm, with The Wellington Company and European Motor Distributors also investing. Z has lifted its stake in Mevo to 12 percent, funding it by a further $300,000 on top of its existing $250,000 investment from September last year. European Motor Distributors, which is Audi NZ’s parent company, and The Wellington Company have each become 2.1 percent shareholders, Mevo said. "It’s really promising to see...

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