Equirent

in implementation

This transaction (the “Project”) consists in providing full financing in the amount of up to USD 20 million for a term of up to 7 years toEquirent Vehículosy Maquinarias S.A.S. BIC (“Equirent”). IDB Invest’s tranche will be of up to USD 10 million, being USD 5 million committed and USD 5 million uncommitted. In addition, it will include a USD 10 million tranche to be mobilized with resources from other financiers. The use of funds in both tranches will be aimed at financing pluggable hybrid electric vehicles and electric vehicles for the subsequent lease thereof to companies and persons in Colombia.Equirent is a company regulated and supervised by the Colombian Business Associations Regulatory Agency (Superintendencia de Sociedades) with more than 29 years in the auto market specialized in the operating lease of vehicles and machinery, and consolidating the knowledge and experience of all the companies which make up the Seissa organization in the integral renting business. Through the Project, IDB Invest will be able to contribute to the development of e-mobility in Colombia.