Abu Dhabi: The Ministry of Investment hosted the signing of a landmark joint venture agreement to establish Tellus Power MENA, a new UAE-based electric vehicle (EV) infrastructure manufacturer and technology partner. The Ministry 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.
According to Emirates News Agency, the Ministry of Investment was involved from the deal's inception to its conclusion. Its role included introducing business partners, conducting thorough due diligence, and actively supporting the joint venture negotiations. Furthermore, the ministry provided strategic investment guidance and served as a crucial connector, linking the involved parties with relevant government entities and free zones to ensure a smooth and efficient setup.
The agreement was signed at the Ministry's headquarters by Mike Calise, CEO of Tellus Power Globe Holding Limited (Tellus Power), and Marius Ciavola, CEO of Sing Family Enterprise Middle East. The event was witnessed by Hessa Al Ghurair, Acting Assistant Undersecretary of the UAE Ministry of Investment, Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, Yansong Li, Co-Founder of Tellus Power, and Mohammad BinHendi, Group CEO of BinHendi Holding.
The newly formed entity brings together BinHendi Holding, a forward-looking Emirati investment company focused on enabling national capabilities across mobility energy and industrial innovation; Sing Family Enterprise Group, a China-based family office and entrepreneurial conglomerate; and Tellus Power, an electric vehicle infrastructure manufacturer headquartered in California with a focus on charging stations, serving clients across the US, Europe, India, China, South America, and the GCC countries.
The joint venture will enable the enhancement of local manufacturing of advanced EV charging solutions in the UAE, supporting regional demand and accelerating the adoption of bidirectional vehicle-to-grid technologies across the GCC. Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, expressed that the agreement showcases the Ministry's ongoing dedication to being a strategic partner for international investors, local investors, and family businesses.
Mike Calise, Chief Executive Officer of Tellus Power, stated that joining this strategic alliance marks a significant milestone in expanding Tellus Power's global footprint, with the UAE rapidly emerging as a hub for clean tech and smart mobility. Marius Ciavola, Chief Executive Officer of Sing Family Enterprise Middle East, emphasized their aim to make the UAE a centre of excellence for EV charging and thanked the Ministry for its leadership and continued support.
Mohammad BinHendi, Group Chief Executive Officer of BinHendi Holding, commented on the venture's reflection of their commitment to investing in long-term industrial transformation and building a foundation for scalable innovation in the region's energy and mobility future. The deal supports the objectives of the National Investment Strategy, which aims to boost foreign direct investment in priority sectors such as renewable energy and advanced manufacturing, aligning with the UAE's National Electric Vehicles Policy targeting a 50 percent EV adoption rate by 2050.