Arab Finance: valU has partnered with KarmSolar to launch an electric vehicle (EV) charging network in District 5, as per an emailed press release to Arab Finance.

This initiative will be spearheaded by KarmSolar's new subsidiary, Karm.

The collaboration aims to provide EV charging stations throughout District 5, including its residential areas.

Drivers will be able to use valU's payment solutions seamlessly via the Karm application.

KarmSolar's latest venture, Karm, focuses on investing in and operating EV charging infrastructure across Egypt, supporting the shift to green and electric transportation.

Currently, Egypt has around 13,192 licensed electric vehicles, with demand steadily increasing.

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