Raya FutureTECH and Raya Auto Launch Egypt’s First EV-Focused Accelerator in Partnership with Entlaq
Raya Holding for Financial Investments has officially launched the Raya FutureTECH EV Accelerator, the first dedicated electric vehicle (EV) acceleration program in Egypt. The initiative is led by Raya FutureTECH and Raya Auto, operating under the umbrella of Raya Holding, in strategic partnership with Entlaq Entrepreneurship Center.
The accelerator represents a milestone in advancing Egypt’s transition toward clean energy, electric mobility, and sustainable transportation solutions. It is designed to position Egypt as a regional leader in green technology, while nurturing a new generation of startups capable of shaping the future of EV innovation.
Targeting early-stage EV startups, the Raya FutureTECH EV Accelerator provides founders with a fully integrated development journey that includes business mentorship, technical support, prototype validation, and investment readiness. Startups will benefit from direct access to industry leaders driving the national electric mobility ecosystem, as well as hands-on coaching from local and international experts.
Throughout the program, founders will engage in specialized technical workshops, product validation sessions, and on-ground learning experiences supported by Raya Auto’s operational expertise and market dominance. Startups will also leverage Raya Auto’s strategic partnerships with major international EV and clean energy brands including XPENG, WIND, and Sungrow. This interconnected model enables founders to accelerate their go-to-market strategy, strengthen their commercialization potential, and transform innovative concepts into scalable mobility solutions.
The program will conclude with a high-profile Demo Day, during which participating startups will pitch their ideas to investors, industry decision-makers, and technology stakeholders across the energy and automotive sectors. Winning startups will be awarded an immersion trip to China, offering exclusive access to global EV innovation hubs, advanced manufacturing facilities, and direct meetings with pioneering companies such as XPENG. The experience is designed to expose founders to international best practices, global standards, and emerging market insights.
Ahmed Khalil, Group CEO of Raya Holding for Financial Investments, stated:
«The Raya FutureTECH EV Accelerator reflects Raya Holding’s long-term commitment to building an innovation-driven, future-ready economy. As Egypt’s first program dedicated exclusively to EV startups, it marks an important chapter for the national entrepreneurship landscape. It empowers founders to compete on regional and global levels while contributing to sustainable economic transformation.»
Mohamed Elnaggar, CEO of Raya Auto, added:
«At Raya Auto, we believe that electric mobility represents the future of automotive technology. Through this accelerator, we are supporting innovation from its earliest stages by providing startups with real market exposure, technical expertise, and access to global partnerships. The program is built to help founders convert promising EV concepts into scalable, practical, and commercially viable solutions.»
The launch of the Raya FutureTECH EV Accelerator aligns with Raya Holding’s broader strategy to advance technology-led growth, empower entrepreneurship, and drive Egypt’s green mobility shift. The company continues to invest in future-focused solutions that strengthen the competitiveness of the national innovation ecosystem and accelerate the country’s transition toward cleaner, smarter transportation.