The Private Infrastructure Development Group has invested $300,000 in a $997,700 green bond issued by LOCA, a ride-hailing and EV charging company, to finance 15 charging stations with 60 charging guns across Laos. The investment, made through PIDG's InfraCo arm, helped attract domestic institutional backing via LDB Securities, a subsidiary of Lao Development Bank. LOCA currently operates 82 charging stations across all 18 provinces, following a $2.5 million convertible loan from PIDG in 2025 that supported 54 stations.
Why it matters: The transaction establishes a replicable green bond model for financing EV infrastructure in emerging markets with small capital pools, demonstrating how development finance can catalyse local institutional investment. For charge point operators expanding in frontier markets, the deal shows blended finance structures can unlock domestic capital for network rollouts beyond major cities.