SCF supported a pre-feasibility study designed to assess how FlxEV could maximize climate impact while ensuring reliable and financially viable energy supply for charging operations. The study confirmed that the project is technically feasible. Renewable energy procurement through electricity traders and virtual power pools provides a viable pathway for clean energy supply. Solar and battery storage solutions can improve resilience and reliability. The project addresses a substantial market opportunity and electric mobility offers attractive long-term operating economics. The project could generate significant emissions reductions and air-quality improvements and a phased deployment strategy can substantially reduce investment risk.

Feasibility Study

Building on these findings, SCF has approved a 10-month feasibility study focused on validating market readiness and strengthening the foundations for commercial deployment. The study will include:

• Market Engagement: Engagement with national and regional taxi leadership to build industry support and identify adoption barriers.
• Taxi Association Assessments: Evaluation of operational readiness, financing constraints, and stakeholder dynamics at association level.
• Focus Groups and Demonstrations: Collection of operator feedback regarding vehicle performance, charging solutions, commercial viability, and adoption considerations.
• Regulatory Assessment: Clarification of vehicle and infrastructure approval pathways and engagement with relevant authorities.
• Stakeholder Communications: Development of engagement strategies designed to strengthen confidence among operators, communities, regulators, and investors.

The technical assistance programme is systematically addressing key questions commonly raised during investor due diligence. Through this phased approach, SCF is helping FlxEV move from technical validation toward commercial readiness, creating the conditions required for future investment and large-scale deployment of electric mobility infrastructure in South Africa. The second TA approval is underpinned by significant operational momentum from the eKamva commercial pilot, which has been progressing in parallel. FlxEV successfully mobilised a blended finance capital structure, comprising grant funding from the Nordic Development Fund (NDF), acting as fund manager of the Energy and Environment Partnership (EEP Africa) Trust Fund, with co-financing from uYilo and GoMetro, to finance South Africa’s first commercial e-MBT pilot. Extensive stakeholder engagement conducted across South African provinces has demonstrated strong market receptivity among operators and industry associations, validating demand-side conditions for commercial deployment.