Revolta Egypt acquires American agency specialized in sale of used e-vehicles

Revolta Egypt signed an agreement to acquire a US agency specialized in the sale of used electric cars, CEO Mohamed Badawy tells Al Mal without disclosing the value of the transaction. Revolta, which is looking to sell electric vehicles and develop supporting infrastructure, is also in talks with various international lenders over a facility to fund e-car imports, both used and new, he said. Revolta plans to have built 300 electric charging stations across the country by 2020.