Mexico, May 8 -- The International Finance Corporation (IFC), a member of the World Bank Group, has announced an investment of US$100 million (US$75 million of A Loan plus US$25 million of B loans/parallel loans to be mobilized) in Element Fleet Management Corporation ("Element") to accelerate the adoption of electric vehicles (EVs) and charging infrastructure solutions in Mexico. This marks the first tranche of a US$600 million financing package to support Element's business vehicle electrification efforts in Mexico, which aligns with the country's decarbonization and climate goals.The investment consists of a multi-year senior debt financing package of up to US$600 million. The complete envelope would include a series of "A" loans of up t...