Transportation

EV Startup Olinia Powers Up in Mexico Thanks to State Help

Roberto Capuano, Olinia’s coordinator, and Mexican President Claudia Sheinbaum during a briefing in Mexico City in 2025.Photographer: Luis Barron/Eyepix Group/Sipa/AP Photo

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Mexico’s government-backed electric vehicle startup Olinia will unveil its first two prototypes in June as it seeks $200 million in private capital to jumpstart manufacturing, all part of an ambitious plan to transform how people move around cities.