Electromotion Expansion: $4.5M Investment in 2026 – Where?

Here’s a breakdown of⁢ Electromotion’s ⁤plans, based on ‍the provided text, categorized for⁣ clarity:

1. Expansion of Infrastructure (Workshops/Operations):

* 2025: Opened operations in Olmos (Chiclayo) – farm-based with workshops, backup⁢ units, and a small office.
* 2026: Plans to open a new workshop in Piura to cover the northern area.
* potential: Evaluating expansion to Ica ⁢ in the south, but it’s not finalized.
* Existing operations in Lima (Pachacamac) and trujillo.

2.fleet Growth:

* Targeting 400-450 rental units by 2026.
* Plan to add around 150 new units between now and 2026.
* Approximately 50% of the new units will be electric trucks.

3. Investment (CAPEX):

* US$4.5 million expected CAPEX for 2026.
* This covers both new unit acquisition and the implementation of the two new infrastructures (Piura workshop and possibly Ica).
* The Pachacamac⁤ workshop was the largest single investment.

4. New Business/Sector Focus:

*⁤ Mining Sector: Currently conducting tests with mining companies, receiving positive feedback.
* Electric Pick-ups for Mining: Analyzing a new line of business focused on 100% electric pick-ups specifically for mining operations.Pilot tests will‍ be conducted before full deployment. This‍ is targeted for the second half of 2026.
* Existing Sectors: Continuing to serve last mile logistics, tourism, hospitality, real estate, and stadiums. They previously supported the Pan American Games with electric vehicles.

5. Key Considerations/Challenges:

* The truck segment is considered more demanding.
* Charging infrastructure limitations on roads are a concern for electric vehicle performance and autonomy, especially impacting the mining sector rollout.
*⁤ Electromotion differentiates itself by providing after-sales service through its own ⁤workshops, not ⁢just sales.