Mobility solutions leader sharpens focus on EV
charging solutions, virtual vehicle inspections, and on-site
preventative maintenance
NASHVILLE, Tenn., Nov. 4, 2024
/PRNewswire/ -- Today Yoshi Mobility, the leading tech-enabled
mobility solutions company, announced a strategic move to spin off
its fuel division as part of its renewed commitment to
sustainability and an electric future. The company has entered into
a letter of intent agreeing to sell its fleet fueling operation to
EZFill Holdings (NASDAQ: EZFL).
Originally founded as a direct-to-consumer, mobile fueling
business, Yoshi Mobility has expanded and evolved since
emerging in 2016 from Y-Combinator, the renowned Silicon Valley
accelerator. The divestment will allow Yoshi Mobility to sharpen
its focus on three innovative and rapidly growing service
solutions: mobile vehicle charging for electric and autonomous
fleets, virtual vehicle inspections for partners like Uber and
Turo, and on-site preventative maintenance.
"Innovation is in our DNA and we are constantly iterating and
improving on the solutions that we provide to our fleet partners
nationwide," said Bryan Frist,
Yoshi Mobility's CEO & Co-Founder. "By spinning off our fuel
business and focusing all of our energy on solving hair-on-fire
problems that fleet owners face, we are meeting the changing needs
of enterprise customers while making the future of transportation
safer, cleaner, and more sustainable."
The decision to divest from the traditional fueling division
marks the latest step in Yoshi Mobility's start-up story and
aligns with the company's long-term vision to reduce environmental
impact and adapt to the growing demand for greener solutions in the
automotive industry.
During the past year, Yoshi Mobility has brought its EV charging
solutions to market with enterprise customers including major OEMs,
autonomous vehicle companies, and rideshare operators across the
country. Initial customers are large EV operators managing hundreds
of light-duty vehicles requiring up to 1 megawatt of energy per
day. Yoshi Mobility can deploy its service to U.S.-based customers
within 10 days once under contract for service.
"We're committed to an EV future and believe that we are
uniquely positioned to make it a reality," said Frist. "Our
turn-key gap charging solution is already accelerating the adoption
of EVs across the country for fleet operators who do not have an
easy way to connect to the utility grid to charge their
vehicles."
In addition to its commercially available gap charging
product, Yoshi Mobility is developing a proprietary 240 kW
fast-charger on wheels that offers fleet owners a truly
emissions-free solution. As the first fully electric, zero-emission
mobile charger in its class, Yoshi's fast-charger can provide one
hundred miles of charge to a fleet vehicle in less than 10
minutes.
Looking ahead, Yoshi Mobility will continue to focus on building
products that solve pain points of tomorrow.
"We've completed millions of vehicle services over the years and
have an intimate understanding of the market and what the most
pressing obstacles are," said Frist. "Our team's collective
experience and expertise give us a winning edge as we take on
what's next and continue to deliver high-value, innovative
solutions that will advance mobility today and in the years
ahead."
About Yoshi Mobility
Yoshi Mobility is a tech-enabled
mobility services provider. The company has completed millions of
vehicle services through its network of certified mobile
technicians who provide both on-site and virtual services including
EV charging, virtual inspections, and preventative maintenance. To
date, Yoshi Mobility has raised more than $60 million with investments from General Motors
Ventures, Bridgestone, and ExxonMobil. Other investors include NBA
All-Star Kevin Durant, NFL legend
Joe Montana, and Y-Combinator in
Silicon Valley. To learn more about Yoshi Mobility, please visit
https://www.yoshimobility.com. For media inquiries, please contact
press@yoshimobility.com.
About EzFill
EzFill is a Miami-based, on-demand
mobile fueling service that provides fuel delivery directly to
consumers and businesses, eliminating the need for traditional gas
stations. As one of the largest mobile fuel delivery platforms in
the United States, EzFill focuses
on convenience, safety, and efficiency for its users.
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SOURCE Yoshi Mobility