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Yoshi Mobility goes green, spins off fueling division

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Yoshi Mobility announced the strategic spin-off of its fuel division to EZFill Holdings (NASDAQ: EZFL) as part of its shift towards sustainable mobility solutions. The company will now focus on three core areas: mobile vehicle charging for electric and autonomous fleets, virtual vehicle inspections, and on-site preventative maintenance. The company has already launched EV charging solutions with major OEMs and rideshare operators, serving large EV fleets requiring up to 1 megawatt of energy daily. Yoshi is also developing a proprietary 240 kW fast-charger capable of providing 100 miles of charge in under 10 minutes.

Yoshi Mobility ha annunciato la scissione strategica della sua divisione carburante a favore di EZFill Holdings (NASDAQ: EZFL) come parte della sua transizione verso soluzioni di mobilità sostenibile. L'azienda si concentrerà ora su tre aree principali: ricarica mobile dei veicoli per flotte elettriche e autonome, ispezioni virtuali dei veicoli e manutenzione preventiva sul posto. L'azienda ha già lanciato soluzioni di ricarica per veicoli elettrici (EV) con importanti OEM e operatori di rideshare, servendo grandi flotte di EV che richiedono fino a 1 megawatt di energia al giorno. Yoshi sta inoltre sviluppando un caricabatterie rapido proprietario da 240 kW in grado di fornire 100 miglia di ricarica in meno di 10 minuti.

Yoshi Mobility anunció la escisión estratégica de su división de combustible a EZFill Holdings (NASDAQ: EZFL) como parte de su transición hacia soluciones de movilidad sostenible. La empresa ahora se centrará en tres áreas clave: carga móvil de vehículos para flotas eléctricas y autónomas, inspecciones virtuales de vehículos y mantenimiento preventivo en el lugar. La compañía ya ha lanzado soluciones de carga para vehículos eléctricos (EV) con importantes OEMs y operadores de rideshare, atendiendo a grandes flotas de EV que requieren hasta 1 megavatio de energía diariamente. Yoshi también está desarrollando un cargador rápido propio de 240 kW capaz de proporcionar 100 millas de carga en menos de 10 minutos.

요시 모빌리티는 지속 가능한 이동 수단 솔루션으로의 전환의 일환으로 연료 부문의 전략적 분사를 EZFill Holdings (NASDAQ: EZFL)에게 발표했습니다. 회사는 이제 전기차 및 자율 주행 차를 위한 이동식 차량 충전, 가상 차량 점검 및 현장 예방 정비라는 세 가지 핵심 분야에 집중할 예정입니다. 이 회사는 이미 주요 OEM 및 라이드쉐어 운영자와 함께 전기차 충전 솔루션을 출시했으며, 하루 최대 1메가와트의 에너지를 요구하는 대규모 전기차 플릿을 지원하고 있습니다. 요시는 또한 10분 이내에 100마일을 충전할 수 있는 240kW의 독점 급속 충전기를 개발하고 있습니다.

Yoshi Mobility a annoncé la scission stratégique de sa division carburant au profit de EZFill Holdings (NASDAQ: EZFL) dans le cadre de son passage à des solutions de mobilité durables. L'entreprise se concentrera désormais sur trois domaines clés : recharge mobile de véhicules pour les flottes électriques et autonomes, inspections de véhicules virtuelles et maintenance préventive sur site. L'entreprise a déjà lancé des solutions de recharge EV avec de grands OEM et opérateurs de covoiturage, servant de grandes flottes de VE nécessitant jusqu'à 1 mégawatt d'énergie par jour. Yoshi développe également un chargeur rapide propriétaire de 240 kW capable de fournir 100 miles de charge en moins de 10 minutes.

Yoshi Mobility kündigte die strategische Abspaltung seiner Kraftstoffsparte an EZFill Holdings (NASDAQ: EZFL) im Rahmen seines Wandels hin zu nachhaltigen Mobilitätslösungen an. Das Unternehmen wird sich nun auf drei Kernbereiche konzentrieren: mobile Fahrzeugladung für elektrische und autonome Flotten, virtuelle Fahrzeuginspektionen und präventive Wartung vor Ort. Das Unternehmen hat bereits EV-Ladelösungen mit großen OEMs und Fahrdienstanbietern eingeführt, die große EV-Flotten bedienen, die täglich bis zu 1 Megawatt Energie benötigen. Yoshi entwickelt außerdem ein proprietäres 240 kW-Schnellladegerät, das in weniger als 10 Minuten 100 Meilen Ladung bereitstellen kann.

Positive
  • Strategic repositioning towards growing EV market
  • Established partnerships with major OEMs and autonomous vehicle companies
  • Development of innovative 240 kW fast-charger technology
  • 10-day deployment capability for U.S.-based customers
  • Ability to serve large EV fleets requiring up to 1 megawatt daily
Negative
  • Divestment of established revenue stream from fuel division

Insights

The acquisition of Yoshi Mobility's fleet fueling operation represents a significant strategic expansion for EZFill Holdings. While financial terms weren't disclosed, this deal should strengthen EZFL's market position in the mobile fueling sector. The acquisition aligns with industry consolidation trends as traditional fuel delivery businesses are being divested by companies pivoting to EV solutions.

For EZFL shareholders, this acquisition could provide immediate benefits through:

  • Expanded customer base and geographic footprint
  • Operational synergies and cost efficiencies
  • Enhanced market share in the fleet fueling segment

However, investors should note that without disclosed financial terms or revenue contribution details, it's challenging to fully assess the deal's impact on EZFL's valuation. The company's small market cap of $16.2M suggests this acquisition could be materially significant to its operations.

Mobility solutions leader sharpens focus on EV charging solutions, virtual vehicle inspections, and on-site preventative maintenance

NASHVILLE, Tenn., Nov. 4, 2024 /PRNewswire/ -- Today Yoshi Mobility, the leading tech-enabled mobility solutions company, announced a strategic move to spin off its fuel division as part of its renewed commitment to sustainability and an electric future. The company has entered into a letter of intent agreeing to sell its fleet fueling operation to EZFill Holdings (NASDAQ: EZFL).

Originally founded as a direct-to-consumer, mobile fueling business, Yoshi Mobility has expanded and evolved since emerging in 2016 from Y-Combinator, the renowned Silicon Valley accelerator. The divestment will allow Yoshi Mobility to sharpen its focus on three innovative and rapidly growing service solutions: mobile vehicle charging for electric and autonomous fleets, virtual vehicle inspections for partners like Uber and Turo, and on-site preventative maintenance.

"Innovation is in our DNA and we are constantly iterating and improving on the solutions that we provide to our fleet partners nationwide," said Bryan Frist, Yoshi Mobility's CEO & Co-Founder. "By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable."

The decision to divest from the traditional fueling division marks the latest step in Yoshi Mobility's start-up story and aligns with the company's long-term vision to reduce environmental impact and adapt to the growing demand for greener solutions in the automotive industry.

During the past year, Yoshi Mobility has brought its EV charging solutions to market with enterprise customers including major OEMs, autonomous vehicle companies, and rideshare operators across the country. Initial customers are large EV operators managing hundreds of light-duty vehicles requiring up to 1 megawatt of energy per day. Yoshi Mobility can deploy its service to U.S.-based customers within 10 days once under contract for service.

"We're committed to an EV future and believe that we are uniquely positioned to make it a reality," said Frist. "Our turn-key gap charging solution is already accelerating the adoption of EVs across the country for fleet operators who do not have an easy way to connect to the utility grid to charge their vehicles."

In addition to its commercially available gap charging product, Yoshi Mobility is developing a proprietary 240 kW fast-charger on wheels that offers fleet owners a truly emissions-free solution. As the first fully electric, zero-emission mobile charger in its class, Yoshi's fast-charger can provide one hundred miles of charge to a fleet vehicle in less than 10 minutes.

Looking ahead, Yoshi Mobility will continue to focus on building products that solve pain points of tomorrow.

"We've completed millions of vehicle services over the years and have an intimate understanding of the market and what the most pressing obstacles are," said Frist. "Our team's collective experience and expertise give us a winning edge as we take on what's next and continue to deliver high-value, innovative solutions that will advance mobility today and in the years ahead."

About Yoshi Mobility
Yoshi Mobility is a tech-enabled mobility services provider. The company has completed millions of vehicle services through its network of certified mobile technicians who provide both on-site and virtual services including EV charging, virtual inspections, and preventative maintenance. To date, Yoshi Mobility has raised more than $60 million with investments from General Motors Ventures, Bridgestone, and ExxonMobil. Other investors include NBA All-Star Kevin Durant, NFL legend Joe Montana, and Y-Combinator in Silicon Valley. To learn more about Yoshi Mobility, please visit https://www.yoshimobility.com. For media inquiries, please contact press@yoshimobility.com.

About EzFill
EzFill is a Miami-based, on-demand mobile fueling service that provides fuel delivery directly to consumers and businesses, eliminating the need for traditional gas stations. As one of the largest mobile fuel delivery platforms in the United States, EzFill focuses on convenience, safety, and efficiency for its users.

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SOURCE Yoshi Mobility

FAQ

What is the deal between Yoshi Mobility and EZFill Holdings (EZFL)?

Yoshi Mobility has entered into a letter of intent to sell its fleet fueling operation to EZFill Holdings (NASDAQ: EZFL) as part of its strategic shift towards EV charging solutions.

What are Yoshi Mobility's new core business areas after the fuel division spin-off?

After the spin-off, Yoshi Mobility will focus on three areas: mobile vehicle charging for electric and autonomous fleets, virtual vehicle inspections, and on-site preventative maintenance.

What is the charging capacity of Yoshi Mobility's new fast-charger?

Yoshi Mobility is developing a 240 kW fast-charger that can provide 100 miles of charge in less than 10 minutes, making it the first fully electric, zero-emission mobile charger in its class.

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