Abu Dhabi-listed EasyLease Motorcycle Rental acquired a 60% stake in EV charging solutions provider Fully Charged, it said in an ADX disclosure. The financial details of the agreement were not disclosed. The move aims to increase the company’s position in the sustainable mobility sector.

What they said: “With the acquisition of Fully Charged LLC, EasyLease is not just investing in technology; we are strategically positioning ourselves at the forefront of the sustainable mobility transformation,” Ahmad Al Sadah, CEO of EasyLease said.

About EasyLease: Established in 2011, EasyLease provides comprehensive transportation solutions across various industries such as e-commerce, delivery, logistics, courier, and food services according to a press release. With a vast fleet of over 25k vehicles, the company offers flexible leasing options designed to cater to the varied transportation requirements of businesses.

About Fully Charged: The company was established in 2020 in Dubai with a focus on improving the UAE’s charging infrastructure to promote clean transportation, specifically EVs, according to the company’s website. The company’s vision is to make EV charging easily accessible, ensuring EV owners can commute without charging concerns. They have installed more than 5k chargers across the country, including both residential and commercial solutions.

Tags: