Orascom Investment said in a statement to the Egyptian Stock Exchange on Monday that the two parties aim through this partnership to launch a new era in the transport industry through the “BluEV” intelligent network of battery exchange stations and its platform. which will accelerate the green transformation and achieve the sustainable development goals of the light transport sector. .
And the Egyptian company BluEV provides, through its digital platform, services for exchanging empty batteries for light electric vehicles with charged batteries, through its stations, which saves long charging times and overcomes problems. related to batteries, according to today’s release.
The statement says BluEV provides advanced and sustainable infrastructure that powers two- and three-wheeled vehicles with clean energy and goes a long way towards eliminating polluting emissions in residential areas.
The company also offers the possibility of buying light electric vehicles in installments or converting motorcycles into electric vehicles at one of the approved conversion centres.
The statement states that BluEV aims to localize the light electric transport industry in Egypt to provide advanced transport technology at affordable prices for the consumer in addition to environmental impact.
Naguib Sawiris, Executive Chairman of Orascom Investment Company, said: “This partnership offers a practical and viable solution whereby the huge light transport sector in Egypt and the region will be completely transformed into an environmentally friendly and at an affordable cost that reduces the burden of high fuel prices on the user.
He pointed out that this partnership is also in line with the National Strategy on Climate Change 2050, which was launched before the United Nations Conference (COP27).
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