EasyLease acquires 60 per cent stake in UAE’s EV manufacturer Fully Charged

EasyLease acquires 60 per cent stake in UAE’s EV manufacturer Fully Charged

EasyLease, a mobility solutions provider and a subsidiary of Abu Dhabi-based International Holding Company, has acquired a 60 per cent stake in Fully Charged, a UAE-based company specilaising in electric vehicle (EV) charging technology.

Established in 2020, FullyCharged offers a range of services, including home charger installation, corporate charging solutions, and ongoing support and maintenance.

Since its inception, it has installed more than 5000 charging devices, serving more than 45 corporate clients, including DAMAC, Dubai Holding, Bvlgari Resort Dubai, Emirates, and Arabia Taxi.

The acquisition will enable EasyLease to benefit from Fully Charged’s tech stack to accelerate expansion plans into the GCC and the Middle East.

Press release

In a move that underscores its commitment to leading the sustainable mobility revolution, EasyLease (ADX: EASY LEASE), a leading mobility solutions company and a subsidiary of Abu Dhabi-based International Holding Company (ADX: IHC), has announced the successful acquisition of a 60% stake in Fully Charged LLC, a leading company in electric charger manufacturing and installation. The acquisition not only fortifies EasyLease’s position in the sustainable mobility sector but also positions the company as a key player in the evolution of the industry’s ecosystem.

Fully Charged LLC, a UAE-based innovator in electric vehicle (EV) charging technology, has been instrumental