US firms commit US$500 million to EV charging and electric bus rollout in central Mexico
By Eve
Invisible Urban Charging Inc. and ATX Smart Mobility have announced a US$500 million investment to deploy EV charging infrastructure and 140 electric buses across central Mexico, starting with 38 charging stations in the Bajío region and expanding to Mexico City. The project, with Querétaro as its operational hub, targets commercial fleet electrification to address Mexico's limited charging infrastructure and accelerate public transport and industrial corridor adoption. The initiative joins infrastructure expansion by companies such as VEMO and charging software providers like Enerlink.
Why it matters: The half billion dollar commitment signals major private capital flowing into Mexico's underdeveloped charging network, creating procurement opportunities for station hardware, fleet charging systems and software integration across commercial and transit operators. Fleet focused deployment offers CPOs a proven revenue model in a market where private EV adoption remains nascent, de risking early infrastructure investment.