In line with the country’s vision towards sustainable development and alternative energy, Revolta Egypt, the 1st and largest EV charging network in Egypt & North Africa, announced the signing of a new agreement with valU for installment sales services, subsidiary of EFG Hermes Finance to provide various installment payment plans for electric cars’ recharge cards, electric chargers as well as all car accessories.. “EV Charging and electric mobility are the future of the automotive industry; the signing of today’s agreement is an indication of our keenness to lead the Egyptian market into a greener future by facilitating the provision of charging cards, cables and accessories for electric vehicles. This brings us closer to our goal of bringing the general public closer to a more sustainable future by facilitating the purchase and on-going usage of electric vehicles” said Mr. Ezz El Din Ibrahim, Board Member and Head of Business Development at Revolta Egypt. “Our choice of partnering with valU builds on their experience in providing flexible financing options and installment programs to the Egyptian consumer. Through this agreement, we are giving the first 100 clients who finance their Revolta purchases through valU free charging until the end of 2019,” continues Mr. Ibrahim. Chief Business Officer at valU, Mr. Mohamed El-Feky added, “The agreement comes in light of solidifying our company’s commitment to diversify the range of products that we offer to our customers.” “This contributes in strengthening our position within the Egyptian market as the most innovative company of its kind to constantly explore new sectors that offer huge potential in the Egyptian market. With Revolta Egypt, our clients will be able to purchase recharge cards, accessories and charging cables for electric cars over installments between 3 to 36 months, thus reducing the entry barriers towards the acquisition and ongoing usage of eco-friendly electric vehicles as an alternative to conventional cars,” Added El-Feky. This agreement follows several other deals signed between Revolta Egypt and Shell, Shneider Electric and ABB, which have brought Revolta Egypt’s total charging points to more than 130 locations across Egypt. valU is the first and only financial technology application of its kind in the Middle East and North Africa (MENA) region that offers instant approvals on installment programs offered through more than 2000 conventional and online retailers.
REVOLTA EGYPT SIGNS NEW PARTNERSHIP AGREEMENT WITH MENA’s FINTECH INNOVATION OF THE YEAR, VALU