- Initial Investment Date
- 10/4/2022
- Location
-
Australia
- Commodity
-
Mining Innovation
- Board Representation
-
Anna Shave
Board Member
MEVCO is a systems integrator bringing electric light vehicles to mining. MEVCO is electrifying light vehicles and providing the infrastructure, skills and training to help power a sustainable future by enabling electric light vehicles to be used in the mining sector.
Investment Thesis
- Aims to reduce mining emissions by providing customers an electrified light vehicle fleet tailored to mining operations
- Aims to address huge demand for electric pick-up solutions for mining in light of the limited options for customers due to OEM focus on larger consumer markets
- A ‘one-stop shop’ strategy helps customers with their electric vehicle transition
Related News
MEVCO adds Rivian’s new R1T to it’s EV…
RCF Innovation II portfolio company Mevco is adding Rivian’s R1T to its electric vehicle fleet
RCF Editorial
Feb 5, 2024
MEVCO Announces Purchase Order with Mineral Resources for…
As a demonstration of their commitment to decarbonize mining operations, Mineral Resources have purchased the…
RCF Editorial
Feb 14, 2023
2023 AGM Highlight Reel
Watch highlights from RCF’s 2023 AGM held in Scottsdale, Arizona
RCF Editorial
Sep 20, 2023
Important Information
This information should not be deemed to be a recommendation of any specific commodity, company, or security.
This material is provided for educational purposes only and should not be construed as research. The information presented is not a complete analysis of the gold and/or commodities landscape. The opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Resource Capital Funds and/or its affiliates (together, “RCF”) to be reliable. No representation is made that this information is accurate or complete. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader.
None of the information constitutes a recommendation by RCF, or an offer to sell, or a solicitation of any offer to buy or sell any securities, product or service. The information is not intended to provide investment advice. RCF does not guarantee the suitability or potential value of any particular investment. The information contained herein may not be relied upon by you in evaluating the merits of investing in any investment. There can be no guarantee historical trends will continue.
RCF Innovation II comprises RCF Jolimont Mining Innovation Fund II L.P. and RCF Jolimont Mining Innovation Fund II-A L.P. RCF Innovation I is not a legally established partnership and represents an extracted portfolio of investments of Resource Capital Fund VI L.P. (“RCF VI”) that was managed by the principals of Jolimont Global Mining Systems Pty Ltd before it was acquired by RCFM in September 2019. Two of the three principals currently manage RCF Jolimont Mining Innovation Fund II L.P. (“RCF Innovation II”) in a substantially similar manner to RCF Innovation I. Total portfolio performance results for RCF VI are available upon request.
Investing involves risk, including possible loss of principal.