Citing a need to diversify, renewable energy company Wigton Windfarm Limited is entering the electric vehicle market via acquisition of a stake in an entity called Flash Holdings Limited.

Wigton’s 21 per cent stake in Flash, a holding company registered in St Lucia, will give it an equivalent share in its wholly owned subsidiary Flash Motors Company Limited. The cost of the transaction was not disclosed, nor were the other shareholders in Flash Holdings.

Flash Motors plans to sell EVs in Jamaica, Trinidad & Tobago and Guyana, said Wigton Managing Director Earl Barrett.

“I am very optimistic that the market will make EV the car of choice in the region, and we want to be a part of that,” Barrett said in a Financial Gleaner interview.

https://jamaica-gleaner.com/article/business/20220316/wigton-buys-stake-electric-car-dealer