Circulate Capital, the Singapore-based investment-management firm financing high-growth opportunities at the nexus of climate technology, plastic recycling, and the circular economy, announced today a third close for Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total commitments to US$53 million.

This week, at Proparco’s headquarters in Paris, the signing ceremony of the Green Móvil project took place. Only a year after financing the first fleet of electric buses in Bogotá (the “Electribus” project: 259 electric buses replacing old diesel units), Proparco and FDN reiterate their support to clean mobility in Colombia. This new project in Bogotá, “Green Móvil”, consists in granting loans in local currency for the equivalent of $150 million USD to two SPVs jointly owned by top-tier operators Transdev and Fanalca in order to finance the supply of a fleet of 406 electric buses and the associated support infrastructure. With this project, Proparco and FDN have reached a combined amount of USD 250 million in commitments deployed for the roll-out of electric buses in the Colombian capital.