US-based Loop Global Inc., a turnkey provider of EV charging solutions, launched its regional office in Abu Dhabi this week.
According to Loop CEO Olga Shevorenkova, the overarching aim of the EV charging company is to establish itself as the UAE’s “number one EV charging provider.
Shevorenkova outlined that the company will use Abu Dhabi as a base for its regional expansion.
This launch follows the UAE government’s announcement earlier this year that it plans to install 100 new EV chargers in 2024 and reach 1,000 stations by 2030.
In Abu Dhabi, specifically, around 70,000 charging points for EVs are expected to be required by 2030 in various locations, including across retail spaces, government offices, and petrol stations.
Reem Mall is among the first locations in Abu Dhabi to install Loop charging stations, the company said.
“The company established its regional HQ in Abu Dhabi in response to growing local and regional market demand for EV technologies,” said Zack Martin, President and Co-Founder of the EV charging company.
“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,” Martin added.