.jpg)
4 hours ago
1
Article content
IRVINE, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”), a global provider of electric vehicle (EV) charging solutions, today announced the official signing of a joint venture agreement with the renowned BinHendi Holding and SFE Group on May 30, 2025. This move responds to the surging growth of the electric vehicle (EV) market and the urgent need to accelerate e-mobility infrastructure development across the Middle East. This collaboration, supported by the UAE Ministry of Investment (the “Ministry of Investment”), marks the establishment of one of the first EV charging equipment manufacturing companies in the Middle East.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
The Ministry of Investment played a pivotal role in facilitating this greenfield investment, reiterating its commitment to attracting future-enabling investment into the UAE while also supporting and promoting the growth of family businesses in the UAE’s markets and strengthening the country’s position as a regional hub for advanced manufacturing and sustainable technologies – two priority sectors under the National Investment Strategy of UAE.
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The agreement was signed at the Ministry of Investment’s headquarters by Mike Calise, Chief Executive Officer of Tellus Power, and Marius Ciavola, Chief Executive officer of Sing Family Enterprise Middle East. The event was witnessed by Hessa Al Ghurair, Acting Assistant Undersecretary of the Ministry of Investment, Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, Yansong Li, Co-Founder of Tellus Power Group, and Mohammad BinHendi, Group CEO of BinHendi Holding.
Article content
Article content
Article content
Article content
This collaboration aims to leverage Tellus Power’s global network in EV charging station technology and manufacturing, combined with the BinHendi Holding and SFE Group’s resources and conducive market conditions in the Middle East, to jointly develop future-oriented smart charging infrastructure and support the region’s sustainable energy transition.
Article content
Article content
The joint venture is expected to invest in the construction of DC and AC charging equipment production lines, including high-power DC charging stations with V2G (vehicle-to-grid) functionality. The products are anticipated to not only serve the local market in UAE but also to expand to the entire Gulf Cooperation Council (“GCC”) countries and Middle East regions. As one of the first indigenous EV charging infrastructure manufacturers in the Middle East, the joint venture will be committed to providing local users with efficient, intelligent, reliable, and user-centric EV charging solutions.
Article content
Mike Calise, Chief Executive Officer of Tellus Power, comments: “We’re truly honored to establish this strategic alliance. It’s a significant step that dramatically extends our global reach. Given the UAE’s impressive growth in clean tech and smart mobility, this joint venture, thanks to the vital support from all the incredible teams involved, ensures we are well positioned to meet the escalating demand across the GCC.”
Article content
Article content
Article content
Article content
H.E. Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, said: “This agreement showcases the Ministry of Investment’s ongoing dedication to being a strategic partner for international investors, local investors, and family offices. It directly aligns with our mission to strengthen the UAE’s position in attracting future-focused investments that match our national priorities. By supporting partnerships like this, the Ministry of Investment continues to drive high-value investment into high-growth sectors, fostering innovation and sustainable economic prosperity.”
English (US)