One of Ethiopia’s local petroleum distributing company, Yetebabaerut Beherawi Petroleum S.C., is set to establish a joint venture with Mesfin Industrial Engineering (MIE), an Ethiopian company, and the American based Global Electric Transport (GET). The joint ventured is going to assemble electric vehicle, service and public transportation solution.

YBP was established back in May 2004 with a registered capital of 53 million Birr. It currently distributes products such as Petrol (Regular Benzene), Kerosene, Gas Oil (Diesel Oil), Furnace oil, Lubricants and greases.

On the other hand GET is an American company founded by a former DaimlerChrysler Executive, Ken Montler, and a former Mayor and Congressman of Taguig City in the Philippines, Freddie Tinga. The company was established back in 2012.

According to Fortune, GET has a wing of motor vehicles called PANGEA Motors. PANGEA designs, develops and manufactures electric vehicles designed for large scale transpiration market segments. It has its design and development center at Vancouver and Washington, U.S.A. On the other hand its manufacturing and assembly facilities are in Carmona, Cavite in the Philippines.

Products the American based company manufacture includes Electric Vehicle, Batteries and charging technology, Crowd funding and micro financing for vehicle acquisition, Electronic cashless fare payment system, and patentable in-house dispatch and vehicle fleet management system.

Source: Fortune