According to the ADB, the green bond subscription [...] will be used to: i) build inventory by procuring green vehicles (electric light and heavy vehicles) for sale in the Georgian market; and ii) expand the electric vehicle charging network in Georgia.
From the company's website:
Tegeta Motors is a Georgian holding company. Safe to say that the small store selling spare parts, registered in 1995 under the name of AUTOEXPORT LLC, today is one of the largest and most powerful organizations in Georgia with 9 daughter companies and up to 2,000 employees.
The business group of Tegeta Motors, which passed through a 24-years successful path, today is a leader in the automotive products’ and services’ industry. In addition to Georgia, the company is successfully represented in the Transcaucasian market. Tegeta Motors is the company focused on continuous development and improvement.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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ADB Team Leader:
David Urbaneja-Furelos - Infrastructure Finance Division 1, Private Sector Operations Department
No contacts available at the time of disclosure.
Borrower - Tegeta Motors LLC:
Address: D. Agmashenebeli Alley #129, Tbilisi
Phone: (+995 32 ) 226 44 44
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