Rising gas prices coupled with dire environmental impacts are increasing the demand for alternative transportation; the Environmental Protection Agency estimates that a typical passenger vehicle emits 4.6 tons of carbon dioxide per year.
Mercy Investment Services’ Environmental Solutions Fund includes investments in several companies offering alternative cost-effective, environmentally friendly options:
- Ride1up electric bikes, based in California, focuses on making e-bikes affordable for consumers to replace cars in urban and suburban communities. Its bikes can reach up to 28 miles per hour and can travel 20 to 50 miles.
- Zoomo electric bikes focus on transitioning urban deliveries to light electric vehicles and partners with UberEats, DoorDash, Domino’s and Pizza Hut. A University of Westminster study showed that electric bikes completed deliveries with 90 percent fewer emissions than diesel vehicles.
- Unagi offers foldable, ultra-light portable electric scooters to replace short car trips and reduce carbon emissions across the United States, Europe, South America, Indonesia and Australia. The company recently started partnerships for scooter rental at apartments and hotels in Los Angeles and New York City.
Mercy Investment Services’ Environmental Solutions Fund includes 30 investments dedicated to cleantech, water, green buildings, and sustainable agriculture and forestry. Learn more about the fund and the impact of its investments.