Yoshi Mobility ditches fuel business for bold electric future with EZFill deal

Yoshi Mobility, a leader in tech-enabled mobility services, has announced a strategic divestment of its fuel division, reinforcing its commitment to sustainability and electric mobility. The company will sell its fleet fueling operations to EZFill Holdings, with a letter of intent already signed. This move enables Yoshi Mobility to focus on three core growth areas: mobile EV charging, virtual vehicle inspections, and on-site maintenance services.

Yoshi Mobility’s Strategic Shift to a Sustainable Future

Yoshi Mobility’s decision to spin off its traditional fueling business underscores a significant pivot toward sustainability and innovation. The company, known for its extensive network of mobile vehicle services, aims to concentrate on expanding its electric vehicle (EV) charging capabilities, virtual inspections for fleet partners, and preventative vehicle maintenance.

EZFill to Acquire Yoshi Mobility’s Fuel Division

Miami-based EZFill Holdings, listed on NASDAQ under the ticker EZFL, will acquire Yoshi Mobility’s fuel division. EZFill, an on-demand fuel delivery service, aligns with Yoshi’s mission to optimize fleet services through technological solutions.

Focus on EV Charging Solutions and Enterprise Partnerships

Yoshi Mobility’s EV charging services, already in the market with prominent original equipment manufacturers (OEMs), autonomous vehicle companies, and rideshare operators, provide essential infrastructure for large fleet operations. The company’s innovative gap charging service bridges the challenge for fleet operators lacking direct utility grid connections. Yoshi Mobility’s proprietary 240 kW mobile fast-charger, currently in development, promises a zero-emission solution, providing up to one hundred miles of range in under 10 minutes.

Backed by Industry Giants and Investors

Yoshi Mobility’s growth has been fueled by investments from major players such as General Motors Ventures, Bridgestone, and ExxonMobil. High-profile individual investors include Kevin Durant, Joe Montana, and prominent Silicon Valley accelerator Y-Combinator. These endorsements reflect confidence in Yoshi’s ability to redefine mobility solutions.

Expert Insight: The CEO’s Perspective

Bryan Frist, Yoshi Mobility’s CEO & Co-Founder, highlighted that innovation is integral to the company’s ethos. By divesting from traditional fuel services, Yoshi Mobility is positioned to address critical challenges that fleet operators encounter, aiming to make transportation more efficient, sustainable, and safer.

Looking Forward – An EV-Driven Mission

The strategic divestment allows Yoshi Mobility to advance its mission of providing cutting-edge, sustainable mobility services. Frist emphasized that Yoshi’s solutions are tailored for the future, driven by years of experience and a commitment to pushing technological boundaries in fleet management.