Hong Kong – The Asian Green Cryptocurrency Bobcoin announced a $100 million capital commitment from Global Emerging Markets (GEM), the $3.4 billion private alternative investment group focused on emerging markets with offices in Paris, New York, and Nassau (the Bahamas).
Under the agreement, GEM GLOBAL YIELD LLC SCS (LUXEMBOURG) will provide Bob Eco | Bobcoin with a Token Subscription Facility of up to $100 million for a 24-month term. Bobcoin will control the timing and maximum amount of each drawdown under the facility with no minimum obligation.
“With GEM’s investment, we will scale up our cryptocurrency Bobcoin globally and be able to accelerate the roll-out of our revolutionary e-mobility solutions across our current focus markets,” says Bob Eco | Bobcoin CEO Bob Ultee. The fresh money provided by GEM will drive Bob Eco forward in its goal to offer inexpensive and carbon-free transportation through its industry-leading innovative electric motorbikes, e-tuktuks, e-bicycles, and e-scooters. Bob Eco aims to provide economical and carbon-free transportation via its revolutionary products.
Global Emerging Markets (“GEM”) has offices in New York, Paris and Nassau Bahamas. It is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 76 countries covering 5 continents. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. Our family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments.
About Bob Eco’s Cryptocurrency Bobcoin
Bobcoin officially launched through an ICO at the beginning of 2022 and has a fully diluted market capitalization of over $1.5 billion and a daily transaction volume that peaks at $20 million