Oman company signs electric vehicle transformation agreement with ONE MOTO

Muscat: Egolesi, a renowned integrated logistics services provider in Oman, has signed an exclusive distribution agreement with UAE electric vehicle startup ONE MOTO to supply affordable, best-in-class vehicles to the Omani market.

Muscat-based Egolesi welcomed the partnership as a reflection of its commitment to supporting Oman’s Vision 2040 objectives.

Nasser al Sharji, CEO and founder of Egolesi, said: “With ONE MOTO’s pioneering electric vehicles at the helm, coupled with our unrivalled local knowledge and dedication, this partnership will not only revolutionise transportation, but will also leave an indelible mark on Oman’s path towards progress and sustainable development.”

Homegrown UAE startup ONE MOTO has been credited with leading the transformation in the high-growth two- and four-wheeler electric vehicle sector since 2020. Egolesi’s extensive network of stakeholders, including government entities, private businesses and individual consumers, has enabled the company to facilitate seamless distribution and build lasting relationships, which is critical for continued market penetration and growth.

The agreement commits ONE MOTO to supply more than 10% of the vehicles (2,300 units) within the first 24 months, including motorcycles and light commercial vans.

Oman company signs electric vehicle transformation agreement with ONE MOTO

Stephen Wood, COO of ONE MOTO Technologies, said: “In the Sultanate of Oman, the last-mile delivery industry is undergoing a transformative transformation, driven by technological advancements, shifting consumer preferences and a growing demand for seamless delivery solutions. The expected growth in Oman’s last-mile delivery industry is exciting. With the support of the local government, private sector stakeholders and this transaction, we are poised to provide an even more progressive foothold in our GCC business.”

Adam Ridgway, CEO of ONE MOTO, added: “This is the twelfth country we have expanded into in just three years and there are endless opportunities ahead of us as we pioneer change in frontier markets like Oman. We will work closely with all stakeholders to ensure the delivery network is optimised and structured with all stakeholders in mind.”

The partnership is supported by recent attention paid to Oman’s electric vehicle sector, including initiatives launched by Mays Motors, Vinfast, and the government’s announcement to have 22,000 electric vehicles on Omani roads by 2030, as stated by Eng Said Hamood al Maawali, Minister of Transport, Communications and Information Technology.

In recent years, Oman’s last-mile delivery sector has seen significant expansion, driven by the booming e-commerce market and changes in consumer behavior. According to recent statistics, Oman’s e-commerce industry is expected to be worth $1.3 billion by 2025, with a compound annual growth rate (CAGR) of 18% between 2020 and 2025. This growth trajectory highlights the increasing reliance on delivery services to meet the needs of a digitally savvy population.