Orascom Investment Holding (OIH) announced that it has forged a partnership with BluEV LLC, poised to shake up the light mobility industry in Egypt and beyond. This game-changing collaboration harnesses the unique expertise of BluEV's founding team in tech and mobility engineering, along with OIH's visionary leadership, global reach, and resources, to create a platform that will accelerate the transition towards sustainable and inclusive transportation. Together, they will usher in a new era of tech-engineering fusion by introducing the innovative BluEV Smart Network of Battery Swapping Stations.

BluEV is an e-mobility platform that manages a smart network of battery swapping stations, enabling sustainable urban transportation by promoting the decarbonization of 2&3 wheeler vehicles. Subscribing to the BluEV network is an excellent way for users to gain access to a range of benefits related to urban light mobility. By joining BluEV, users can purchase brand-new Light Electric Vehicles (LEVs) or convert their petrol-fueled motorcycles at certified conversion centers.

Once users have created an account on the BluEV platform, they can lease and charge a smart lithium-ion battery to power their vehicle. This unique service offloads the cost and hassle of the battery from users and allows them to swap depleted batteries for charged ones quickly and conveniently at one of BluEV's many swapping stations throughout the city, which are accessed and managed through the BluEV mobile app. The process of subscribing to BluEV is cashless, fully automated, and offers different packages that provide numerous features for finance, insurance, and payment using the BluEV e-wallet.

Additionally, BluEV has partnered with OEMs of 2&3 wheelers as well as battery manufacturers, who have been licensed with BluEV technology to provide compatible products. This strategic move positions BluEV to become the leading e-mobility enabler, not only by decarbonizing the light vehicles but also by creating room for industry localization.