Company name
Flash Motors Company Ltd
Project number
15232-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Jamaica
Sector
Transport
Status
Proposed
Disclosed date
11/21/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/23/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 750,000
Currency
USD
Project scope and objective
Flash Motors Company Ltd. (“Flash Motors” or the “Client”) and its shareholder Wigton Windfarm Limited (the “Guarantor” or “Wigton”) are seeking financing for the importation and distribution of Electric Vehicles (EVs) and EV charging infrastructure in Jamaica and other Caribbean countries (the “Project”). Flash Motors’ supplier of EVs is Zhejiang Geely Holding Group Company, Ltd. (“Geely”), which is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang that carries the brands Zeekr and Riddara. EVs purchased by Flash Motors are held in storage by Kingston Wharves Ltd. at Kingston Wharves until they are sold to its clients. Flash Motors has plans, however, to open a showroom in Kingston in January 2025.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
carey@flash-motors.com
PHONE NUMBER
876-618-9888
POST OFFICE ADDRESS
60 Knutsford Boulevard, Kingston 5, Jamaica
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
FLASH MOTORS - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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