ValU and Karm Solar Join Forces to Boost EV Infrastructure in District 5

ValU, a prominent fintech company in the Middle East and North Africa, has signed a cooperation agreement with Karm Solar, a renewable energy generation and distribution company. The partnership aims to introduce a network of electric vehicle (EV) charging stations in District 5, facilitated through Karm Solar's subsidiary, Karm.

The initiative seeks to advance environmental sustainability by providing EV charging stations in District 5, which includes a residential complex. Karm, a platform specializing in EV infrastructure, is investing to support the shift towards green and electric transportation.

Walid Hassouna, CEO of ValU, highlighted the company's dedication to fostering sustainable communities by offering secure and user-friendly financial solutions. He noted that the partnership with Karm Solar would lead to the expansion of EV charging stations in East Cairo's District 5, a key residential, entertainment, and commercial hub. Hassouna stressed the importance of this collaboration in promoting solar energy technology, encouraging eco-friendly practices, and reducing carbon emissions.

Ahmed Zahran, CEO of Karm Solar, expressed his enthusiasm for the partnership, underscoring the company's commitment to pioneering emerging technologies for a smarter, more sustainable future. Zahran stated that the collaboration with ValU would bolster their efforts to expand operations in District 5, aligning with their mission to positively impact communities across Egypt and North Africa.

Source: EntArabi