{"id":638208,"date":"2024-08-11T00:00:00","date_gmt":"2024-08-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/abou-ghaly-motors-secures-ebrd-funds-to-continue-electrifying-its-london-cab-fleet\/"},"modified":"2024-08-11T00:00:00","modified_gmt":"2024-08-11T00:00:00","slug":"abou-ghaly-motors-secures-ebrd-funds-to-continue-electrifying-its-london-cab-fleet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/abou-ghaly-motors-secures-ebrd-funds-to-continue-electrifying-its-london-cab-fleet\/","title":{"rendered":"Abou Ghaly Motors secures EBRD funds to continue electrifying its London Cab fleet"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>London (Cab) callin<\/strong><strong>g:<\/strong> The European Bank for Reconstruction and Development (EBRD) will provide EGP 500 mn to Abou Ghaly Motors to expand its London Cab fleet of EVs, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/799.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The tranche will fund the purchase of 100 electric cabs to add to its existing fleet of 250 electric London Cabs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The EBRD provided a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb47fa0e-86be-4684-9bfb-ee1067524e29\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\" style=\"\" rel=\"noopener\">EUR 10 mn loan<\/a> to Abou Ghaly Motors back in 2022 to fund the purchase of 250 electric vehicles for its taxi fleet. The loan was part of a drive to electrify the company\u2019s entire cab stock.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis new tranche to expand the London Cab fleet to serve Egyptian passengers and incoming tourists to the Arab Republic of Egypt is a testament to the technical and administrative performance of Abou Ghaly Motors Group in this project. It also reflects the financial strength and resilience of the group,\u201d said CEO Mohamed Abou Ghaly. He added that, \u201ccollaboration with the EBRD is not just about financing but has a significant impact on the group's administrative and technical development and its leading role in community development.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The injection follows a EUR 10 mn loan in 2022 that funded the purchase of the auto group\u2019s first 250 electric cabs<\/p>\n","protected":false},"author":1,"featured_media":638209,"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":[144,571,72,356],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-ebrd","tag-enterpriseam","tag-evs","wpautop","entry"],"acf":{"mongo_id":"6588900a-1162-4827-927b-2191df07bdd4","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/816.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abou Ghaly Motors secures EBRD funds to continue electrifying its London Cab fleet","related_issue":[638191],"teaser":"The injection follows a EUR 10 mn loan in 2022 that funded the purchase of the auto group\u2019s first 250 electric cabs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.c6a16b24-6ecb-4806-aee5-f005644667d2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Abou Ghaly Motors secures EBRD funds to continue electrifying its London Cab fleet - 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\/2024\/08\/11\/abou-ghaly-motors-secures-ebrd-funds-to-continue-electrifying-its-london-cab-fleet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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As CEO, he has since led the business\u00a0(founded by his father Maher Abou Ghaly in 1980)\u00a0to become a self-styled provider of mobility solutions. While continuing to distribute brands that\u2026","rel":"","context":"In &quot;COFFEE WITH ENTERPRISE&quot;","block_context":{"text":"COFFEE WITH ENTERPRISE","link":"https:\/\/enterpriseam.com\/egypt\/category\/coffee-with-enterprise\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581488,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/abou-ghaly-brings-a-geely-ev-to-the-local-market-with-payment-in-fx-looks-to-use-egypt-as-a-hub-to-sell-evs-into-africa\/","url_meta":{"origin":638208,"position":5},"title":"Abou Ghaly brings a Geely EV to the local market (with payment in FX), looks to use Egypt as a hub to sell EVs into Africa","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"Abou Ghaly will introduce Geely EVs here: Abou Ghaly Motors is introducing Chinese automaker Geely\u2019s Geometry C electric car to the local market, according to a company statement. The catch: If you want one you\u2019ll need to pay in USD through Abou Ghaly\u2019s freezone company in Alexandria due to the\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Geely-EV-1600.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\/638208","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=638208"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638208\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/638209"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638208"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638208"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}