{"id":611133,"date":"2023-12-03T00:00:00","date_gmt":"2023-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/naguib-plans-to-invest-over-usd-120-mn-to-turn-motorcycles-and-tuk-tuks-into-evs\/"},"modified":"2023-12-03T00:00:00","modified_gmt":"2023-12-03T00:00:00","slug":"naguib-plans-to-invest-over-usd-120-mn-to-turn-motorcycles-and-tuk-tuks-into-evs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/naguib-plans-to-invest-over-usd-120-mn-to-turn-motorcycles-and-tuk-tuks-into-evs\/","title":{"rendered":"Naguib plans to invest over USD 120 mn to turn motorcycles and tuk-tuks into EVs"},"content":{"rendered":"

Naguib wants to turn motorcycles and tuk-<\/strong>tuks<\/strong> into EVs<\/strong>:<\/strong> Naguib Sawiris is planning to invest at least USD 120 mn in a project that aims to replace motorcycles\u2019 and tuk-tuks\u2019 traditional combustion engines with electric motors, he told Asharq Business (watch, runtime: 00:30<\/a>) on the sidelines of the COP28 climate summit.<\/p>\n

BluEV to pull the levers? <\/strong>Sawiris\u2019 plan will be carried out through e-mobility startup BluEV<\/a><\/strong>under an investment agreement signed with Orascom Investment Holding (OIH) earlier this year, a source with knowledge of the matter told Enterprise.<\/p>\n

Remember:<\/strong> Sawiris\u2019 OIH became a strategic investor in BlueEV<\/a> in May after making an undisclosed investment.<\/p>\n

The \u201chow\u201d: <\/strong>BluEV operates a network of lithium-ion battery swapping stations for two- and three-wheeled electric vehicles, allowing users to replace their petrol engines with electric ones and replace drained batteries with fully-charged ones.<\/p>\n

There\u2019s more: BluEV will help you finance the transition.<\/strong> BluEV plans to team up with consumer finance firms at a later stage to make it easier for vehicle owners to get the required financing for replacing their conventional engines, our source said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will be carried out by the e-mobility startup BluEV, which is chaired by Sawiris<\/p>\n","protected":false},"author":1,"featured_media":611134,"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":[7339],"tags":[144,6347,7286,72,356,2065,618],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-bluev","tag-climate","tag-enterpriseam","tag-evs","tag-naguib-sawiris","tag-orascom-investment-holding","wpautop","entry"],"acf":{"mongo_id":"2a0f7656-ed37-4d6d-b9b7-9081e4fb2c6c","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/21.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Naguib plans to invest over USD 120 mn to turn motorcycles and three-wheeled tuk-tuks into EVs","related_issue":[611116],"teaser":"The project will be carried out by the e-mobility startup BluEV, which is chaired by Sawiris","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.42db7eb6-0c62-4073-8c5b-23bf124bce78.mp3"},"yoast_head":"\nNaguib plans to invest over USD 120 mn to turn motorcycles and tuk-tuks into EVs - 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\/2023\/12\/03\/naguib-plans-to-invest-over-usd-120-mn-to-turn-motorcycles-and-tuk-tuks-into-evs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naguib plans to invest over USD 120 mn to turn motorcycles and tuk-tuks into EVs\" \/>\n<meta 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Nearly 10,000 users have already downloaded the Android app Halan, which will expand into Alexandria next week and other governorates during 2018. In related news, transportation service provider\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555348,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/the-govt-is-making-it-harder-for-you-to-get-that-replacement-engine-for-your-tuk-tuk\/","url_meta":{"origin":611133,"position":3},"title":"The gov\u2019t is making it harder for you to get that replacement engine for your tuk-tuk","author":"enterpriseam admin","date":"10 November 2021","format":false,"excerpt":"Tuk-tuks be gone: Trade Minister Nevine Gamea has issued a decision to stop importing the basic components needed for the local assembly of tuk-tuks, a move that was telegraphed earlier this week.Other things we\u2019re keeping an eye on this morning: Pump it up: The world\u2019s largest water pump manufacturer, Grundfos,\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549982,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/oih-is-planning-four-new-hotels\/","url_meta":{"origin":611133,"position":4},"title":"OIH is planning four new hotels","author":"enterpriseam admin","date":"10 October 2022","format":false,"excerpt":"Orascom Investment Holding (OIH) has earmarked USD 200-300 mn to build four new hotels \u2014 two in the North Coast, one in Cairo and another in Giza near the pyramids, chairman Naguib Sawiris said at an economic conference last week.Details TBD: The company is currently conducting studies into unspecified new\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/173.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":612375,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/ora-to-invest-usd-10-bn-in-uae-mega-project\/","url_meta":{"origin":611133,"position":5},"title":"Ora to invest USD 10 bn in UAE mega project","author":"enterpriseam admin","date":"21 December 2023","format":false,"excerpt":"Sawiris-owned Ora Developers has partnered up with Q Holding for the project","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1455.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=611133"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611133\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/611116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611134"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611133"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611133"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}