UAE-Based FasterCapital Launches Global Initiative to Fund EV Startups

UAE-based investment firm FasterCapital has introduced a global initiative to fund and support electric vehicle (EV) startups as part of its Raise Capital programme. This new initiative is designed to provide emerging EV companies with the financial backing, mentorship and strategic connections needed to scale their operations, and drive sustainable transportation innovation.

The programme aims to assist EV startups at all stages, from concept and prototype development to expanding production and market reach. Support will include personalised mentorship from industry experts, customised financial planning and access to a vast network of global investors within the EV ecosystem. In a release, FasterCapital emphasised the crucial role EV startups play in transitioning to cleaner energy and transportation solutions worldwide, noting the rising demand for sustainable transport in the Middle East and beyond.