The market for electric mobility in Latin America and the Caribbean is on the brink of a breakthrough. A combination of political ambition, technological progress, and infrastructure needs makes the region a promising growth area for green transportation. Amid this development, Evergo is positioning itself as the leading player – and as an investor in the Selected Alternatives fund, you are indirectly part of this growth journey.
Evergo is a subsidiary of InterEnergy Group and part of the fund’s investment in Brookfield Transition Fund I, which holds a 20% stake in InterEnergy.
Since 2021, Evergo has installed more than 980 public charging stations. Today, it serves over 9,000 active users across more than ten countries, and its chargers have already helped avoid the equivalent of more than 2.5 million tonnes of CO₂ emissions.
Evergo is a strong example of how alternative investments can provide access to structurally evolving markets with both return potential and exposure to powerful megatrends such as electrification and green infrastructure. Through Brookfield Transition Fund I, investors gain access not just to a growth market, but also to a locally embedded operator with a proven ability to scale sustainable solutions. This creates value – both for the climate and for the portfolio.
The electric vehicle (EV) charging market in Latin America is expected to grow from USD 169.8 million in 2023 to USD 634.5 million by 2030 (Grand View Research). As EVs become more accessible and governments set ambitious mobility targets, the need for charging infrastructure is becoming urgent. Evergo has already demonstrated that early investment pays off. In its first year of operation, EV sales increased by over 1,000 units in the Dominican Republic and by 300 units in Jamaica – in part through partnerships with local car dealers.
InterEnergy Group is already well established in the region. With more than 30 years of experience, 2.4 GW of energy capacity, and a workforce of 1,100 employees, Evergo is a natural extension of the group’s strategy to deliver sustainable energy from generation to end user.
Evergo is more than just a technology provider. The company is working to make electric mobility accessible to a much broader population. Its charging stations are strategically placed in both urban and remote areas, offering solutions for homes, businesses, and fleets alike. This helps break down structural barriers and promotes a green transition with meaningful social impact.
Evergo is actively expanding its green profile. In the Dominican Republic, the company has launched Evergo Connect, a mobility hub in Punta Cana powered 100% by renewable energy. The hub features 29 charging points (up to 225 kW) and includes a showroom, co-working spaces, and eco-friendly car wash facilities.
The company also engages in local initiatives such as beach cleanups, tree planting, and youth education programmes.
As a first mover, Evergo is helping set the standard for EV infrastructure in one of the world’s most populous and underserved regions. The company directly contributes to UN Sustainable Development Goal 11.2 on sustainable transport systems – while simultaneously delivering real investment value.
Evergo is a tangible example of how the Selected Alternatives fund invests in solutions with both strategic weight and sustainable return potential.
Through Brookfield Transition Fund I, investors gain access to infrastructure projects that drive real transformation in emerging economies – while also gaining early exposure to the development of tomorrow’s markets.
