EFG Corp-Solutions and Infinity Pioneer EV Charging Leasing in Egypt

Mohammed Fathy

Last updated 27-04-2026

4 min

EFG Corp-Solutions and Infinity launched Egypt’s first specialised EV charging leasing solution.

The scheme eases “hefty upfront investment costs” for charge point operators.

Leasing helps networks expand faster, supporting Egypt’s growing electric mobility shift.

Infinity already runs 250 stations, aiming to strengthen the EV ecosystem.

The deal may become a “building block” for a sustainable economy.

EFG Corp-Solutions and Infinity have joined forces to roll out what is being described as Egypt’s first specialised leasing solution for electric vehicle charging infrastructure. It may sound technical at first glance, but in simple terms, it’s about making it easier, and less of a financial headache, for operators to install EV chargers across the country.

The partnership brings together EFG Corp-Solutions, the leasing and factoring arm of EFG Finance under EFG Holding, and Infinity, one of Egypt’s best-known renewable energy players and the largest EV charging network operator in Egypt and across Africa. The idea is straightforward: instead of charge point operators having to shoulder hefty upfront investment costs, they can now access structured leasing solutions to deploy charging stations faster and with greater flexibility.

For a market like Egypt, where EV adoption is still gaining pace, upfront infrastructure costs can be a real sticking point. This is where leasing comes in handy. By reducing capital expenditure at the beginning, operators can focus on scaling their networks without tying up too much cash. And believe it or not, that can make all the difference when you are trying to build new habits around mobility.

Nayer Fouad, Co-founder and CEO of Infinity, described the agreement as a meaningful step towards accelerating the country’s electric mobility transition. He noted that working with EFG Leasing would enable charge point operators to roll out chargers more quickly while maintaining high technical and operational standards. Infinity’s broader mission, he said, has always been to build the backbone of Egypt’s EV ecosystem and integrate clean mobility into everyday life.

Talal El Ayat, CEO of EFG Corp-Solutions, highlighted that the move reflects the company’s continued focus on client-centric and innovative financing models that respond to emerging needs. Supporting EV infrastructure, he suggested, goes beyond pure business expansion and plays into the longer-term ambition of shaping a more sustainable and future-ready economy.

From where I sit, covering startups and scale-ups across the region, I’ve seen how access to financing can either speed things up or slow them down to a crawl. A few years ago, at a small mobility event in Cairo, I remember founders quietly admitting that infrastructure, not talent, not ideas, was the main bottleneck. So this kind of structured leasing solution feels spot on. It may not grab flashy headlines like a funding mega-round, but it tackles a very real barrier. And at Arageek, we are always chuffed to bits when we see practical financial tools unlocking new sectors.

Infinity EV, established in 2018, already operates more than 250 charging stations with over 850 charging points across 18 governorates. It uses European charging technology and offers solutions tailored to commercial, residential, retail and home settings. On the flip side, rapid expansion also demands serious capital discipline, so spreading costs through leasing could be a game changer.

Beyond EV charging, Infinity has been active in renewable energy since 2014, developing solar, wind and waste-to-energy projects, as well as exploring green hydrogen and water desalination. In 2020, together with Abu Dhabi Future Energy Company (Masdar), it launched Infinity Power, now described as Africa’s largest pure-play renewable energy company and among the fastest growing globally, with a target of reaching 10GW of operational renewable projects by 2030 across markets including Egypt, South Africa and Senegal.

EFG Holding itself operates across seven countries, spanning investment banking through EFG Hermes, non-bank financial services via EFG Finance, and commercial banking under Bank NXT. Within its NBFI platform are brands such as Tanmeyah, Valu, Bedaya, Kaf and EFG SMEs, alongside EFG Corp-Solutions.

Egypt’s shift to electric mobility will not happen overnight. Infrastructure, regulation, consumer trust, it’s all part of the puzzle. That said, structured leasing for charging networks could remove one major obstacle and help the ecosystem mature faster. I reckon we’ll look back and see these quieter financial agreements as the building blocks that made the transition posible in the first place.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!