Yoshi Mobility, a 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.
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.
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.
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.
