Mile Green, the pioneering electric vehicle (EV) brand, marked a major milestone with the unveiling of its high-profile Board of Directors, reinforcing its position as a key player in the global shift towards sustainable mobility.With a strategic focus on Southeast Asia—particularly Thailand—Mile Green is committed to delivering a holistic EV adoption model. This includes high-quality electric vehicles, flexible financing solutions, and robust infrastructure development to support ESG-driven mobility transformation for corporates and consumers alike.
CMAG Funds commits US$50 million investment
Boosting this bold vision, CMAG Funds has committed an initial US$50 million investment to Mile Green’s global operations. The funding will fuel expansion, enhance EV financing schemes, and advance the development of charging and battery-swapping infrastructure across Thailand and beyond.
A significant portion of the capital will be allocated to the development of two-wheeler EVs, with a focus on fast-charging and battery cabinet technology. The investment will also strengthen Mile Green’s partnerships with ESG-aligned organisations, promoting long-term, sustainable business innovation.
"This investment is a testament to the confidence in Mile Green’s vision for a carbon-free future," said Ms Gigi Chan, an investor representative.
Mile Green is also preparing to launch its B2C operations in the second half of 2025, aiming to make EVs more accessible and accelerate mass adoption across the region.
Star-Studded Board Signals Strategic Leadership
Mile Green’s newly formed Board brings together global leaders in automotive, finance, investment, and technology—positioning the company for agile growth in the rapidly expanding EV sector.
"Our Board reflects our vision—strategic, diverse, and future-focused," said Mr Maverick Hui, Founder and Chairman of Mile Green. "Together, we are building an EV ecosystem that redefines sustainable mobility."
Expanding Footprint Across Southeast Asia and Africa
Looking beyond Hong Kong and Thailand, Mile Green is preparing for strategic expansion across Southeast Asia and Africa, leveraging the Belt and Road Initiative to introduce cutting-edge EV solutions to emerging markets.
As part of this mission, Mile Green will:
- Invest in EV tech and infrastructure
- Support ESG-led green energy transitions
- Offer financing options to increase EV ownership
- Scale battery-swapping and charging networks
"With visionary leadership, ESG commitment, and technological strength, Mile Green is ready to shape the future of global mobility," said Mr Chatchaval Jiaravanon.
About Mile Green
Mile Green is a cutting-edge electric vehicle (EV) brand dual-headquartered in Hong Kong and Thailand. Dedicated to sustainability, the company is pioneering an EV ecosystem that integrates green battery technology, battery-swapping systems, Web3 infrastructure, and fintech solutions to accelerate the global transition to eco-friendly transportation.
With a strong commitment to ESG principles and sustainable mobility, Mile Green is rapidly expanding its presence in Southeast Asia and Africa, building the future of transportation one charge at a time.
About Wonder Capital Group & CMAG Funds
Wonder Capital Group Limited (Wonder Capital Group) is an independent investment management firm based in Hong Kong. The firm holds Type 1 Dealing in Securities, Type 4 Advising on Securities and Type 9 Asset Management licenses granted by the Securities of Futures Commission of Hong Kong (HKSFC) (CE number BGT920). Wonder Capital Group specializes in providing advice and solutions to professional investors including institutions, family offices and high-net-worth individuals worldwide.
CMAG Funds is a series of Cayman funds managed by Wonder Capital Group with Mr. Chatchaval Jiaravanon as a strategic partner and investor. The investment strategy of CMAG Funds focuses on the real estate, sustainable energy and private credit sectors. Mr. Chatchaval Jiaravanon is a prominent member of CP Group family, Chairman and Founder of Charoen Energy and Water Asia and Lightnet Group, and the owner of Fortune Media.
- Stay tuned as Mile Green powers the future of EV mobility!
