By: Marwa Abo AlMajd, ZAWYA
Revolta ties up with Ukrainian firm Eco Factory for Egypt’s new green project
Revolta Egypt, a developer of electric vehicle (EV) charging stations and related projects, is planning to launch the first EV manufacturing factory and maintenance centre in the country.
Revolta has tied up with Ukrainian firm Eco Factory to set up the factory by end of 2019, Ezz El Din Ibrahim, board member and Head of Business Development at Revolta Egypt, told Zawya. Eco Factory is an engineering company that specialises in manufacturing commercial vehicles as well as storage devices and control systems for EVs.
REVOLTA’S SOLAR PLANT
Revolta is also looking for funding for a solar plant to power its solutions for the country’s transportation sector.
“Revolta plans to install a 5 MW solar plant in Egypt’s Ain Sokhna, in cooperation with a Chinese company,” Ibrahim said. “The company seeks to get the EGP 100 million funding from EFG Hermes, the European Bank for Reconstruction and Development and other international financial institutions that are interested in green energy projects.”
“To date, we have established 25 charging points in Shell-authorized retailers and distribution centers, and we plan to reach 50 charging points by 2019-end,” Ibrahim added.