CFOAM Limited (ASX:CFO) has made a strategic investment of $200,000 for a 3.29% stake in CarBon Investment Co Pty Ltd (CarBon), a national first to market Electric Vehicle (EV) only leasing and subscription business, with a strong focus on accelerating the decarbonisation of Australian Commercial Fleets. Founded by experienced logistics specialist Scott Gillespie, CarBon is spearheading the green transition of Australia’s commercial transport sector by delivering fit-for-purpose EV integration solutions to help drive ESG strategies within businesses. The CarBon Offering CarBon is Australia’s first purely Electric Vehicle Leasing, Subscription & Rental company. CarBon connects with EV manufacturers and new energy technology participants to provide a tailored model for EV vehicles to be deployed into commercial and passenger settings. CarBon partners with each customer to provide information, support and guidance throughout the EV transition process. CarBon has generated first revenues from a Q4 2022 ramp up and has immediate contracted opportunities to accelerate further growth and a strong commercial pipeline. CFOAM’s Chairman Gary Steinepreis said: “CFOAM is pleased to be part of CarBon’s journey as it commercialises and executes its business plan to be the leader in commercial fleet decarbonisation in Australia and in time, globally.” “We recognise the potential of the business and its strong pipeline, which is already translating into revenue generating sales. CarBon is using its first mover advantage to generate significant commercial interest, enquiries and immediate revenue.” Commenting on the Investment, CarBon CEO Scott Gillespie said: “This investment is an important milestone and we are pleased to welcome CFOAM as a shareholder as we accelerate our commercialisation strategy.“ “We have a solid platform and great depth of existing and new customers and we look forward to driving the growth of EV uptake and fleet transition in Australia.”