EV charging: New UAE company - Tellus Power MENA - to speed up charging infra

Tellus Power MENA is a joint venture with BinHendi as local investor

Last updated:
Manoj Nair, Business Editor
1 MIN READ
The UAE is one of the fastest growing markets for EV sales. Simultaneously, it is also creating an EV support infrastructure.
The UAE is one of the fastest growing markets for EV sales. Simultaneously, it is also creating an EV support infrastructure.
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Dubai: The UAE has launched a new company to be an infrastructure and technology partner for electric vehicles.

The new company - 'Tellus Power MENA' - brings together BinHendi Holding, China's Sing Family Enterprise Group, and California-based Tellus Power.

The joint venture will enable local manufacturing of advanced EV charging solutions in the UAE, and help speed up adoption of 'bidirectional vehicle-to-grid technologies across the GCC'.

EV brands and local companies have been making significant progress in creating the support infrastructure to help EV owners, whether it's on the charging side or helping with auto loans and insurance.

The UAE Ministry of Investment played a key role in the new venture. The UAE has been working towards creating an environment where automobile manufacturing and support industries can be developed in the country. Recently, Abu Dhabi Investment Office took a major step in this direction.

"The Ministry of Investment was involved from the deal's inception to its conclusion," said a statement.

"Its role included introducing business partners, conducting thorough due diligence, and actively supporting the joint venture negotiations. The Ministry provided strategic investment guidance and served as a crucial connector, linking the involved parties with relevant government entities and free zones to ensure a smooth and efficient setup."

Manoj Nair
Manoj NairBusiness Editor
Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.
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