Egyptian financial technology powerhouse valu has announced a strategic partnership with Infinity, Africa’s largest renewable energy company and a leading electric vehicle (EV) charging provider. The collaboration, unveiled at the “EVs Electrify!” Expo & Conference in Cairo, aims to make EV ownership more accessible for Egyptians by providing flexible financing solutions for home chargers and public charging sessions.
This partnership marks a significant step in supporting Egypt’s growing demand for sustainable mobility and aligns with valU’s strategy to expand its footprint in the green economy.
Driving EV Adoption Through Financial Accessibility
Through the collaboration, customers can leverage valU’s financing products to purchase home EV chargers from Infinity without the burden of significant upfront costs. The exclusive offer includes payment plans with 0% interest, 0 purchase fees, and 0 down payment for a six-month tenure.
The financing options also extend to public charging. valU customers can pay for charging sessions at any of Infinity’s stations using the InfinityEV App with Spark IT, which includes a one-month payment option at no extra cost. For longer financing plans starting from six months, customers will receive 20% cashback on all charging session transactions.
A Strategic Push into Green Mobility
For valU, this partnership reinforces its commitment to providing financially accessible and sustainable solutions while scaling its business into the rapidly growing green mobility sector. For Infinity, which operates Egypt’s largest EV charging network with over 250 stations and 850 charging points, the collaboration helps eliminate a key barrier to EV ownership for consumers.
Shams Abdel Ghaffar, Managing Director of Infinity EV Division, commented, “Both companies seek to eliminate barriers to electric vehicle (EV) ownership, empower environmentally conscious consumers, and expedite the transition to cleaner transportation solutions across the country.”
Walid Hassouna, CEO of valU, stated, “Our collaboration with Infinity allows us to offer flexible financing solutions within the electric vehicle (EV) ecosystem, facilitating the adoption of electric mobility for more individuals. This partnership aligns perfectly with our mission to enhance lifestyles through fast, accessible, and innovative financial solutions.”
About valU
valU is a leading universal financial technology company in Egypt offering comprehensive financial solutions to both individuals and businesses. As the first fintech company in the MENA region to pioneer Buy-Now, Pay-Later (BNPL) solutions, valU provides customizable financing plans for up to 60 months across a network of more than 8,500 stores and online platforms. Its product universe also includes investment products, an instant cash redemption program, and a high-end financing program for luxury items.
About Infinity
Infinity is Africa’s largest renewable energy company and the leading electric vehicle charging provider in Egypt. The company operates the country’s most extensive EV charging network, which includes over 250 charging stations and more than 850 charging points spread across 18 governorates, playing a crucial role in building the infrastructure for a sustainable transportation future.
Source: Zawya
