Valu, Egypt’s leading financial technology platform, announced a strategic partnership with Infinity, Africa’s largest renewable energy company and a leading provider of electric vehicle (EV) charging solutions, during the EVs Electrify! Egypt International Electric Mobility Summit, held from December 18 to 20 at the Cairo International Exhibition Center.
The collaboration aims to enable customers to adopt electric vehicles and meet the growing demand for sustainable transportation in Egypt, by offering flexible financing solutions for home EV chargers and charging sessions. Infinity operates the country’s largest EV charging network, comprising over 250 stations and 850 charging points across 18 governorates.
Innovative Financing Solutions and Flexible Payment Plans
The partnership reflects Valu’s commitment to expanding innovative financial solutions that support sustainable practices and the rapid growth of the green transportation sector. Under the agreement, Valu will provide a variety of flexible financing products designed to reduce financial burdens and facilitate the purchase of home EV chargers and payment for charging sessions with ease.
As Infinity’s exclusive partner for Buy-Now, Pay-Later (BNPL) services, Valu customers will benefit from exclusive offers on home chargers, including interest-free plans, no upfront fees, and no purchase charges over a six-month repayment period. Customers can also pay for charging sessions at public stations via the InfinityEV App using Spark IT, with the ability to pay over an entire month without additional costs. Moreover, customers can enjoy a 20% cashback on all charging session transactions over a period of six months.
Additional Incentives for Customers and Exhibitors
Valu will award the customer with the largest financed amount during the event a trip to attend the Egypt vs. Belgium FIFA World Cup match. Exhibitors of electric vehicles will also benefit from a special offer with a fixed annual interest rate of 9% on any transactions processed through Valu Shift.
Leadership Statements
Shams Abdel Ghaffar, Managing Director of Infinity EV, emphasized that the partnership reflects the shared goal of promoting sustainable mobility in Egypt through flexible financial services that enable access to innovative EV technologies. He added that both parties aim to empower customers to own electric vehicles and accelerate the transition to environmentally friendly transportation nationwide.
Walid Hassouna, CEO of Valu, highlighted the company’s commitment to expanding strategic partnerships in Egypt’s renewable energy sector to provide solutions that meet customer needs and support national sustainability goals. He noted that the collaboration with Infinity will deliver flexible financing solutions for EVs, enabling a larger segment of customers to transition to electric mobility, aligning with Valu’s strategy to promote sustainable lifestyles through accessible, innovative financial solutions.
