US Companies Announce US$500 Million EV Charging Investment

Summary: A US$500 million investment by Invisible Urban Charging Inc. and ATX Smart Mobility aims to deploy EV charging infrastructure and electric bus fleets across central Mexico, with Querétaro serving as the operational hub for expansion across the Bajío and major urban markets including Mexico City. The project targets commercial fleet electrification to address Mexico’s limited charging infrastructure and accelerate adoption of electric mobility in public transportation and industrial corridors. The initiative reflects growing private investment in Mexico’s EV ecosystem alongside infrastructure expansion by companies such as VEMO and charging software providers like Enerlink.

Two US-based companies have announced a US$500 million investment plan to expand electric vehicle charging infrastructure in central Mexico, a project aimed at strengthening public transport electrification and accelerating the country’s transition toward electric mobility. The initiative will be led by Invisible Urban Charging Inc. (IUC) and ATX Smart Mobility, which plan to deploy 38 charging stations and 140 electric buses across the Bajio region in the coming months. 

The project focuses on building infrastructure for commercial fleets, a strategy designed to support the broader adoption of electric vehicles (EVs) in Mexico. Company executives say the approach prioritizes fleet electrification as a catalyst for developing the charging ecosystem needed to eventually support private EV ownership.

As part of the first phase, the project will concentrate on the Bajio region, one of Mexico’s most dynamic industrial corridors. Queretaro has been selected as the operational hub for the initial rollout of charging infrastructure and electric transport systems. Beyond the Bajio, the companies plan to expand the charging network across several major urban and industrial centers in central Mexico. Target locations include: Mexico City, State of Mexico, Puebla and Queretaro. 

These regions were selected due to their high density of industrial activity and public transportation demand, factors that help accelerate the utilization of charging infrastructure and support fleet electrification.

Real Estate And Technology Partners Support Deployment

To support site selection and infrastructure development, the project will include participation from CBRE Group Inc., which will identify suitable locations for charging hubs and provide installation and maintenance services.

Within the operational structure of the initiative, Invisible Urban Charging will finance the installation of charging hardware and oversee its acquisition and maintenance. The company will also provide a software platform for site operators and a mobile application for drivers, while managing day-to-day system operations. Under the business model, IUC will receive a fixed monthly fee for each charger utilized by customers.

Meanwhile, ATX Smart Mobility, headquartered in Miami, will supply technology designed to optimize public transportation systems. Its platform leverages artificial intelligence to improve route planning and energy consumption for electric bus fleets.

Executives involved in the project say Mexico’s electric mobility market presents significant growth potential, particularly due to the country’s heavy reliance on public transportation. According to Jake Bezzant, Co-Founder and CEO, Invisible Urban Charging, Mexico’s transportation patterns make it an ideal environment to accelerate EV infrastructure through fleet electrification. Bezzant said the strategy begins with building infrastructure for commercial fleets, which helps create the conditions necessary for private consumers to transition to electric vehicles in the future.

The investment also addresses a significant charging infrastructure gap in the country. Eduardo Kuri, founder at ATX Smart Mobility, noted that Mexico currently has approximately 280 vehicles for every charging station, far above the level considered optimal for a smooth transition toward electric mobility. Industry estimates suggest the ideal ratio is around 40 vehicles per charger, highlighting the substantial growth potential for charging infrastructure development across the country.

Electric Mobility Investment Accelerates Across Mexico

The US infrastructure investment project comes amid a broader wave of investment in Mexico’s electric mobility ecosystem, as companies seek to scale charging networks and EV fleets.

One of the most ambitious programs was recently announced by VEMO, which plans to invest more than US$1.5 billion over the next five years to expand charging infrastructure and increase the number of electric vehicles operating within its ecosystem, reported MBN.  According to the company, the strategy includes deploying approximately 23,000 charging connectors by 2030 and adding about 55,000 electric vehicles to its fleet.

The investment aligns with rapid market growth. Data from the Electro Movilidad Asociación (EMA) show that electric and plug-in hybrid vehicle sales in Mexico grew 38.5% year over year in 2025, while the national charging network expanded to 56,726 charging points, representing a 26% annual increase.

“Looking toward the end of the decade, the challenge is no longer only to expand the market, but to do so with a long-term vision,” said Constantino Rodríguez, commercial director of VEMO.

Technology Firms Expand EV Charging Software Ecosystem

Alongside infrastructure developers, technology providers are also scaling operations in Mexico’s growing EV market. Enerlink, a Chilean technology firm specializing in charging software, recently announced plans to become Mexico’s leading EV charging software provider by 2026.

The company manages more than 390 charging connectors in Mexico and has processed over 180,000 charging transactions in the country, reported MBN. Its expansion strategy is supported by a US$3.1 million Pre-Series A funding round led by Kayyak Ventures with participation from Dalus Capital and other investors.

According to Sebastián Luque, CEO, Enerlink, the company expects to double both the number of chargers connected to its platform and the number of users charging through client applications during 2026. Enerlink’s current client portfolio in Mexico includes companies such as PepsiCo, Walmart and public transport operators including Metrobús.