Untapped Global, a company specializing in investments in emerging markets, has launched its Climate Action Initiative with the support of a consortium of partners. The company's Smart Asset Financing model provides financing for businesses in Africa through IoT data and payments integration to track the usage and revenue of the assets. Untapped has a network of mobility partners managing over 30,000 vehicles across several countries in Africa, including Nigeria, Kenya, and South Africa. The consortium will focus on promoting the adoption of electric mobility in Africa through its established network of vehicle leasing companies, scaling of electric mobility innovations, and financing options to shift the upfront costs of EVs to affordable ongoing payments. The company aims to achieve 25% electric vehicle adoption among its mobility partners by 2025 and displace an estimated 240 metric tonnes of CO2 per year.

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