{"id":561116,"date":"2021-03-25T03:55:37","date_gmt":"2021-03-25T03:55:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/brightskies-alexandria-university-secures-egp-5-mn-funding-for-electric-buses\/"},"modified":"2021-03-25T03:55:37","modified_gmt":"2021-03-25T03:55:37","slug":"brightskies-alexandria-university-secures-egp-5-mn-funding-for-electric-buses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/brightskies-alexandria-university-secures-egp-5-mn-funding-for-electric-buses\/","title":{"rendered":"Brightskies, Alexandria University secures EGP 5 mn funding for electric buses"},"content":{"rendered":"

<\/a> Startup <\/strong>Brightskies<\/a><\/strong> and Alexandria University have received EGP 5 mn in funding <\/strong>from the Information Technology Industry Development Agency (ITIDA) to locally develop technology used in electric buses, ITIDA said in a statement (pdf)<\/a>. Dubbed the \u201cZeus\u201d project, the funding will see Brightskies collaborate with the university over the next 18 months to design and develop a prototype powertrain system that can be upscaled for use in buses. This would be the first electrical powertrain system created in Egypt.<\/p>\n

Who will do what?<\/strong> Brightskies will develop an automotive-grade battery with a range of up to 300 km on a single charge for a 52-passenger electric public bus with a top speed of 90 km per hour. This is in addition to \u201call the powertrain electronics and control units, which are required to interface with the battery and the electrical motor with vehicle network and sensors,\u201d the statement said. Meanwhile, Alexandria University will design the chassis for the buses as well as convert their mechanical engineering systems such as brakes to be compatible with the new system.<\/p>\n

ALSO ON PLANET STARTUP- <\/strong>The International Finance Corporation<\/strong> (IFC) and the Egyptian Fintech Association<\/a><\/strong> will team up (pdf)<\/a> to support fintech entrepreneurs<\/strong> by conducting research and market analysis, and supporting knowledge-sharing. You can check out the association\u2019s website here.<\/p>\n","protected":false},"excerpt":{"rendered":"

Startup Brightskies and Alexandria University have received EGP 5 mn in funding from the Information Technology Industry Development Agency (ITIDA) to locally develop technology used in electric buses, ITIDA said in a statement (pdf). Dubbed the \u201cZeus\u201d project, the funding will see Brightskies collaborate with the university over the next 18 months to design and […]<\/p>\n","protected":false},"author":1,"featured_media":561117,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[771,7106,73,72,356,1635,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-brightskies","tag-debt","tag-education","tag-enterpriseam","tag-evs","tag-itida","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"e2aca433-49ce-4001-8ea4-9685f2132cad","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/315.jpg","photo_position":"above","related_issue":[561105],"teaser":"","voice_url":""},"yoast_head":"\nBrightskies, Alexandria University secures EGP 5 mn funding for electric buses - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/brightskies-alexandria-university-secures-egp-5-mn-funding-for-electric-buses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brightskies, Alexandria University secures EGP 5 mn funding for electric buses\" \/>\n<meta property=\"og:description\" content=\"Startup Brightskies and Alexandria University have received EGP 5 mn in funding from the Information Technology Industry Development Agency (ITIDA) to locally develop technology used in electric buses, ITIDA said in a statement (pdf). 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The new product, which is available in three flavors \u2014 hazelnut cream, peanut butter, and cappuccino cream \u2014 will retail at EGP 3 per pack. 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The buses will be assembled at state-owned and private sector facilities, Morsy said, and will source all the components domestically,\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/318.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543447,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/","url_meta":{"origin":561116,"position":2},"title":"Fawry sees 400% y\u2013o-y boom in online payments in 2021","author":"enterpriseam admin","date":"1 February 2022","format":false,"excerpt":"Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through its Fawry Accept service in 2021, up 232% y-o-y, and EGP 5 bn worth of online payments, up 400% y-o-y, the company said in a statement (pdf) this week. 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The company, founded in 2018, will use the funding to develop its AI-enabled breast cancer detection platform. DilenyTech provides tools for medical imaging analysis, breast health and structured medical\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557578,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/silicon-valley-based-plug-and-play-to-invest-in-egypts-startup-ecosystem\/","url_meta":{"origin":561116,"position":5},"title":"Silicon Valley-based Plug and Play to invest in Egypt\u2019s startup ecosystem","author":"enterpriseam admin","date":"23 September 2021","format":false,"excerpt":"Plug and Play to partner with ITIDA to develop Egyptian startups: Silicon Valley-based early-stage investor and accelerator Plug and Play will launch a new startup accelerator and an incubator in Egypt in partnership with the Information Technology Industry Development Agency (ITIDA), the Communications Ministry said in a statement yesterday. 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