Dubai-based boutique private equity firm EIGHTClouds has announced its acquisition of an active stake in The Golf Buggy Guy (TGBG), a leading Light Electric Vehicle (LEV) business also based in Dubai. The strategic move reinforces EIGHTClouds’ commitment to investing in innovative, high-growth companies that are championing sustainability across the GCC.
“This acquisition is a perfect fit. The Golf Buggy Guy has established itself as a leader in clean mobility, and its strategic direction aligns perfectly with our investment philosophy,” said Mark Aitchison, Founder & CEO of EIGHTClouds. “We are pleased to be partnering with a team that is building the future of sustainable transport, right here in the region.”
From Refurbisher to Regional Leader
Founded in 2020 at Jumeirah Golf Estate, TGBG began as a small refurbishment service for golf carts. Over the past four years, it has rapidly transformed into a key provider of eco-friendly transport solutions. The company now manages a growing rental fleet, is developing a new state-of-the-art industrial facility, and serves a prestigious client base that includes international airlines, gated communities, and world-renowned events.
Fueling Expansion into Giga-Projects
As part of the acquisition, TGBG is set to undergo a rebranding to reflect its expanded scale and regional ambitions. The company will focus on strengthening its integrated model of product sales, service contracts, and premium rentals, with plans to expand across the UAE and into Saudi Arabia. This growth is timed to meet the accelerating demand for innovative electric mobility solutions driven by the rapid rise of luxury communities, smart cities, and giga-projects across the region.
A Strategic Vision for Clean Mobility
The partnership is poised to establish a new benchmark for sustainable transport in the GCC, with TGBG forging new relationships with government bodies and mega-projects.
Richard Bellia, Founder of The Golf Buggy Guy, added: “This partnership marks a turning point for our business. With EIGHTClouds’ support, we are scaling up and laying the foundation for a new era of sustainable mobility solutions. We are proud to contribute to the UAE’s vision for innovation and growth while delivering world-class transport solutions to our clients across the region.”
About EIGHTClouds
EIGHTClouds is a boutique firm specializing in Private Equity and Real Estate investments across the GCC. Founded in 2022, the firm is dedicated to identifying and supporting high-potential business opportunities in the region’s dynamic and underrepresented markets.
About The Golf Buggy Guy
Founded in 2020 in Dubai, The Golf Buggy Guy (TGBG) is a pioneering Light Electric Vehicle (LEV) business. It provides a comprehensive range of eco-friendly transport solutions, including sales, rentals, service contracts, and custom manufacturing, to a diverse client base across the GCC.
Source: Zawya
