Modus Group

In a recent discussion with Verslo Žinios, the Chairman of the Board of Modus Group, Ainė Martinkėnaitė-Martyniuk discussed the diverse range of businesses under the Modus Group umbrella and the impact of a particularly challenging year. "The eclectic group of businesses is creating dynamic, and this mix helps to create a better balance in a year like this, which is not the most business-friendly," says Ainė Martinkėnaitė-Martyniuk.

Ainė shared that the challenging economic climate has variably affected different sectors within the group. The groups’ renewable energy and automotive sectors have had a comparatively easier year and are demonstrating stability between economic challenges. Conversely, the mobility business is under more pressure but remains stable and is positioned for adaptation and growth in the coming years.

We invite you to read the full interview for a more detailed understanding of Modus Group's perspectives and directions. If you choose to listen, the podcast is available too.
https://www.vz.lt/rinkos/2023/11/24/a-martinkenaite-martyniuk-aei-finansavimo-standartai-atejo-ir-i-lietuvos-banku-sektoriu

A remarkable stride towards a greener future! 🌳

Green Genius signed a 92 million EUR loan with Swedbank Lietuvoje to construct an 80 MW wind farm in Jurbarkas district, Western Lithuania. The project will be the largest wind farm in the Jurbarkas area and one of the largest in Lithuania. As Rokas Bancevičius, Green Genius CFO, says, it will enhance the company's portfolio diversification regarding geography and technology and contribute to the region's efforts in achieving decarbonization and energy independence.

The wind park will start operations in 2025, providing green electricity to Lithuanian businesses.

„Green Genius“ iš „Swedbank“ skolinasi 92 mln. Eur vėjo parkui Jurbarko rajone Atsinaujinančios energetikos bendrovė „Green Genius“ 80 MW galios vėjo elektrinių parko statybas Jurbarko rajone finansuos „Swedbank“ suteikta paskola. Iš viso bendrovė iš banko skolinasi 92 mln. Eur.

The overarching strategy of Modus Group revolves around creating a better quality of life through deliberate and sustainable choices. This commitment is manifested through Modus Group’s central directions: the cultivation of a shared economy, the advancement of renewable energy initiatives, and the facilitation of circularity, all of which seamlessly and directly contribute to the mitigation of environmental impact.

Follow the business overview in the comments to find out more.

We are glad that our company MyBee Lietuva, launched in 2021, is growing. Today the service was launched in Latvia, and this is the third country so far! 👏

More and more people are realizing that a car can be a mobility service you subscribe to instead of an asset you have to own. At times of increased inflation and rising prices, people are evaluating all car-related expenses and are looking for alternatives to replace their old cars. 🚙

Car-sharing and car subscription services complement the mobility ecosystem and make city life more comfortable for each of us.

The year has been another journey – full of meaningful experiences, achievements, and adventures that have grown us. The holiday season reminds us to look through the past year and share gratitude with our colleagues, partners, and clients. Thank you all for the partnership and experience we gained together.

Modus Group team wishes you a warm and cozy Christmas season with your beloved ones. May the New Year bring you the courage to dream big and think positively – it is always worth it! ✨

Best wishes! 🎄