Raya FutureTech and Raya Auto Launch Egypt’s First Dedicated Electric Vehicle Accelerator

Raya Holding for Financial Investments has officially announced the launch of the Raya FutureTech EV Accelerator, the first accelerator program in Egypt fully dedicated to supporting startups operating in the electric vehicle (EV) sector and sustainable mobility solutions. The program is delivered through Raya FutureTech and Raya Auto, in partnership with the Entlaq Entrepreneurship Center.

Supporting the Transition to Clean Energy
The launch of the program comes in line with Egypt’s national direction toward clean energy transition and sustainable transportation, while promoting innovation in one of the most promising emerging sectors. The program aims to position Egypt as a regional hub for green technology and electric mobility.
The accelerator targets early-stage startups, offering an integrated pathway combining business development, technical mentorship, and investment readiness, in addition to direct access to a wide network of local and international experts in the EV industry.

Hands-On Workshops and Specialized Mentorship
Throughout the program, participants will undergo practical workshops and specialized mentorship sessions delivered by experts from Egypt and abroad. Startups will also access opportunities for solution testing, prototype development, and building strategic partnerships. The program leverages Raya Auto’s extensive market experience and leadership in electric mobility solutions, along with its collaborations with global brands such as XPENG, WIND, and Sungrow.

Showcasing Startup Solutions
The program will conclude with a Demo Day, where participating startups will present their solutions to a distinguished audience of investors, industry partners, and decision-makers in the mobility and energy sectors. Winners will also receive an exclusive field trip to China, including visits to innovation centers and leading EV manufacturers, most notably XPENG, to explore potential collaborations, knowledge transfer opportunities, and global best practices.

Building an Innovation Ecosystem
Commenting on the launch, Ahmed Khalil, CEO of Raya Holding for Financial Investments, said: “The Raya FutureTech EV Accelerator reflects our commitment to building an innovation ecosystem capable of supporting sustainable growth and creating real economic opportunities. This program is not just an accelerator, it is a platform to empower a new generation of entrepreneurs to shape the future of green mobility in Egypt and the region, connecting local innovation with global expertise.”

The Future of Automotive Technology
Mohamed El Naggar, CEO of Raya Auto, added: “At Raya Auto, we believe that electric mobility is the future of the automotive industry. We are continuously working to develop the infrastructure and knowledge required to accelerate this shift. Through this program, we offer startups a unique opportunity to benefit from our experience and global partnerships, transforming their ideas into practical, scalable solutions.”
This initiative reflects Raya Holding’s broader vision to evolve into a technology-driven, future-ready investment group, with a strong focus on empowering youth, supporting innovation, and advancing the green economy in alignment with sustainable development goals.

Source: Press Release