EGBank Leasing and Factoring, one of Egypt’s leading leasing and factoring companies, has announced the signing of the country’s first specialized leasing agreement for electric vehicle (EV) charging infrastructure with Infinity, a leading renewable energy and EV charging solutions provider.
The agreement supports Egypt’s national direction toward sustainable and environmentally friendly transportation, while accelerating the expansion of electric vehicles in the local market.
A Financing Model Supporting Charging Network Expansion
The agreement introduces an innovative financing model that enables Charge Point Operators (CPOs) to expand EV charging station networks through flexible financing solutions that reduce upfront capital requirements.
Under this deal, EGBank Leasing and Factoring will provide structured financing solutions to support Infinity’s network expansion, helping accelerate the deployment of EV charging infrastructure across Egypt.
Supporting Africa’s Fastest-Growing Charging Network
Infinity operates the largest and fastest-growing EV charging network in Egypt and Africa, strengthening its position as a key player in the clean energy sector.
This partnership will enhance its ability to scale geographically and increase the availability of charging stations across residential and commercial developments, further supporting the shift toward electric mobility adoption.
Accelerating the Shift to Sustainable Transportation
Eng. Nayer Fouad, Co-founder and CEO of Infinity, stated that the agreement marks an important milestone in accelerating Egypt’s transition to electric mobility by enabling flexible financing solutions for network expansion.
He emphasized that the goal is to build a fully integrated ecosystem with high operational efficiency and reliability, making electric mobility a trusted daily transportation option nationwide.
Financing Solutions Supporting the Green Economy
On the other hand, Tarek El Ebiary, CEO of EGBank Leasing and Factoring, highlighted that the partnership reflects the company’s ability to deliver innovative financing solutions aligned with market needs and future growth sectors.
He noted that supporting EV infrastructure goes beyond business growth, contributing to environmental sustainability and building a more future-ready economy.
Strengthening Egypt’s Position in Clean Energy
This collaboration represents another step toward reinforcing Egypt’s position in renewable energy and sustainable mobility solutions, especially with the growing adoption of electric vehicles.
It also highlights a broader trend of integrating financial solutions with technology and environmental sectors to foster innovation and sustainable infrastructure development.
The agreement between EGBank Leasing and Factoring and Infinity marks a significant shift in Egypt’s electric mobility landscape. Through innovative financing solutions, it accelerates the expansion of EV charging stations and supports the country’s transition toward a more sustainable, clean energy-driven economy.
