Cairo, Egypt — [Insert Date]: Raya Holding for Financial Investments has officially launched the Raya FutureTECH EV Accelerator, the first dedicated electric vehicle (EV) innovation and sustainable mobility program in Egypt. The initiative is spearheaded by Raya FutureTECH and Raya Auto, under the umbrella of Raya Holding, and launched in partnership with Entlaq Entrepreneurship Center.
The accelerator marks a major milestone in Egypt’s transition toward clean energy and sustainable transportation, positioning the country as a regional hub for electric mobility and green technology innovation.
Empowering Egypt’s Next Generation of EV Innovators
The Raya FutureTECH EV Accelerator is designed to support early-stage startups working on electric mobility solutions. The program provides a comprehensive growth platform combining business development, technical mentorship, and investment readiness.
Participants will gain direct access to leading industry experts and investors in the electric vehicle ecosystem, along with mentorship from local and international specialists. The goal is to help startups bridge the gap between innovation and commercialization, turning prototypes into market-ready solutions.
Throughout the program, founders will participate in:
-
Intensive business and technical workshops
-
Prototype validation and development
-
Hands-on sessions with Raya Auto’s experts and partners
Leveraging Raya Auto’s strategic alliances with global brands such as XPENG, WIND, and Sungrow, the accelerator provides startups with a unique opportunity to learn from global best practices and scale their innovations effectively.
A Launchpad for Egypt’s Green Mobility Future
The program will culminate in a Demo Day, where startups will pitch their innovations to a panel of investors, corporate leaders, and industry stakeholders. Top-performing startups will win an immersion trip to China, visiting global EV innovation hubs and meeting pioneers such as XPENG — offering valuable international exposure and collaboration opportunities.
Leadership Insights
Ahmed Khalil, Group CEO of Raya Holding for Financial Investments, emphasized the company’s vision for sustainable innovation:
“The Raya FutureTECH EV Accelerator reflects Raya Holding’s commitment to building an innovation-driven, future-ready economy. As Egypt’s first program dedicated to EV startups, it represents a new chapter for the local innovation ecosystem — empowering entrepreneurs to compete regionally and globally, while contributing to sustainable economic growth.”
Mohamed Elnaggar, CEO of Raya Auto, highlighted the industry-shaping potential of the program:
“At Raya Auto, we believe electric mobility is the future of the automotive industry. Through this accelerator, we’re supporting innovation from its earliest stages by connecting startups with market expertise, technical know-how, and global partnerships. This program will help founders turn promising ideas into scalable, practical EV solutions.”
Driving Egypt’s Green Transformation
The launch of the Raya FutureTECH EV Accelerator underscores Raya Holding’s broader strategy to advance entrepreneurship, sustainable innovation, and technology-led growth. The initiative reinforces Egypt’s commitment to green mobility, aligning with global sustainability goals while nurturing the next generation of local innovators.
By fostering collaboration between startups, investors, and global industry leaders, Raya Holding aims to accelerate Egypt’s transition to clean energy transportation — and establish the nation as a leading electric mobility hub in the Middle East and North Africa.
