UAE motorcycle rental firm invests in EV chargers

UAE motorcycle rental firm invests in EV chargers

Easy Lease Motor Cycle Rental has acquired 60 percent of electric vehicle charger manufacturer, supplier and installer Fully Charged. Since 2020 Dubai-based Fully Charged has installed more than 5,000 charging devices across the UAE for businesses including Damac, Dubai Holding and Emirates. Easy Lease, listed on Abu Dhabi’s secondary market, wanta to double that number […]

Easy Lease moves into charging

Fully Charged sells 60% stake

EV sales expected to soar

Easy Lease Motor Cycle Rental has acquired 60 percent of electric vehicle charger manufacturer, supplier and installer Fully Charged.

Since 2020 Dubai-based Fully Charged has installed more than 5,000 charging devices across the UAE for businesses including Damac, Dubai Holding and Emirates.

Easy Lease, listed on Abu Dhabi’s secondary market, wanta to double that number in the next year by expanding across the GCC and North Africa, it said in a filing to the Abu Dhabi Stock Exchange. The value of the transaction was not disclosed.

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Experts forecast a 32 percent increase in sales of passenger electric vehicles (EVs) in the UAE this year.

Sales are expected to reach almost