Brightskies, Alexandria University secure US$0.32m to develop Egypt’s first electrical powertrain system

EGYPT – Brightskies, an Egyptian privately owned Technology Company & Digital Transformation enabler, and Alexandria University have secured EGP 5 million (US$0.32m) fund from Egypt’s Information Technology Industry Development Agency (ITIDA) to design and develop the first electrical powertrain system in Egypt. The ‘ZEUS’ project marks a new era for the automotive industry in Egypt as it is the first time for an Egyptian company to design and develop an electrical powertrain system locally. Under this agreement, ITIDA will be funding the ‘ZEUS’ project and developing a link between Egyptian…

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