British start-up unveils 2021 project taking total grant funding to £1.2million
Summary
The latest financial backing will support its mission to deliver a green mobility-as-a-service platform for the worlds fastest growing marketsLeading social impact start-up OX has successfully secured three grants with a total project value of \xa31.2 million in the past four months. Utilising a mobility-as-a-service model akin to Uber, OXs mission is to deliver sustainable, affordable transport in emerging markets, which will lead to significant opportunities to empower businesses and individuals. The team will be piloting on-the-ground operations in Rwanda in April 2021, working with local communities to further understand customer demand and needs.Innovate UK and the Advanced Propulsion Centre use a competitive and tough assessment process, so it is a fantastic vote of confidence in OX that we have been awarded a third grant. This year is set to be even busier, improving our digital platform and strengthening our electric vehicle technology further.We start pilot operations in Rwanda in April, which will be a huge step forward. More information can be found on Potenza Technologys website: http://www.ptech.co/ None Penso is an engineering and manufacturing specialist based in Coventry, providing complete turnkey services to customers in the automotive, aerospace and rail sectors.