Guyway launch signals growing international confidence in Guyana’s economy

International confidence in Guyana’s growing economy continues to attract new investment, with the launch of Guyway, an electric vehicle transportation service, adding to the country’s expanding business and green energy landscape.

The service was officially launched on Friday evening at the AC Marriott Hotel, Ogle, in the presence of Prime Minister Brigadier (Ret’d) Mark Phillips, who welcomed the investment as an example of private-sector confidence in Guyana’s development.

Prime Minister Phillips congratulated the company’s founders and team, noting that Guyway’s introduction of an electric vehicle fleet and dedicated booking application responds to the growing demand for reliable transportation as the economy expands.

“Businesses are responding to a larger market while residents expect improvements in the services they use daily,” the Prime Minister said, underscoring the importance of investments that address the changing needs of the population.

Guyway was established in 2025 by three University of Oxford classmates and has already placed 52 Tesla vehicles on the road, with more than 100 additional vehicles expected as the company expands.

Its services cover Georgetown and airport connections, including the Cheddi Jagan International Airport and Eugene F. Correia International Airport at Ogle.

In brief remarks, Guyway Chief Executive Officer and Co-founder Peter Lorenzo said the company was established to provide a safe, reliable and environmentally sustainable transportation option that meets the needs of Guyanese residents, business professionals and international visitors.

He explained that the company integrates technology into its operations, allowing vehicles to be monitored in real time and supporting greater accountability, driver safety and improved customer experiences.

Lorenzo said the investment is intended to contribute to Guyana’s development while ensuring that the country’s economic growth is complemented by sustainable transportation solutions.

The launch further demonstrates the growing opportunities for private-sector investment as Guyana continues to develop its infrastructure, strengthen its services and transition towards a low-carbon economy.

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