U.S.-based turnkey provider of EV charging solutions, announced the opening of its regional office in Abu Dhabi, which will showcase Loop’s innovative charging technology and serve as the base for sales and distribution in the broader region.
“Our aim is to be the UAE’s No. 1 EV charging provider and to use Abu Dhabi as a base for our regional expansion,” said Loop CEO Olga Shevorenkova. “We will look to recruit and hire locally as well as look down the road at opportunities to bring manufacturing and R&D activities to Abu Dhabi, which would allow it to become an integrated center of excellence for Loop.”
Loop President and Co-Founder Zack Martin said: “The company established its regional HQ in Abu Dhabi in response to growing local and regional market demand for EV technologies. The UAE’s leadership has demonstrated its determination to lead the world’s clean-energy transition and has been exceptionally far-sighted in pursuit of its sustainability goals and the push to net-zero emissions.”
Abu Dhabi has signaled its intention to install tens of thousands of EV charging stations by 2030. The stations will be located at retail locations, multi-family residences, government offices, petrol stations, and other locations. Reem Mall is among the first locations in Abu Dhabi to install Loop charging stations.
Agility Global, a multi-business owner, operator and investor listed on the Abu Dhabi Securities Exchange (ADX), is an investor in Loop. Agility Global went public on the ADX in May. Agility Global is committed to bringing international investment and innovation to the UAE and the broader GCC.
