You can be on Entrepreneur’s cover!

Dutch Solar Electric Vehicle Startup Lightyear Partners With Sharjah Research, Technology, And Innovation Park Solar-powered cars might soon be coming to the UAE as Netherlands-based company Lightyear has partnered with the Sharjah Research, Technology, and Innovation Park (SRTI Park), an incubation hub for tech startups.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Lightyear

Solar-powered cars might soon be coming to the UAE as Netherlands-based company Lightyear has partnered with the Sharjah Research, Technology, and Innovation Park (SRTI Park), an incubation hub for tech startups.

Lightyear is developing the word's first solar car, Lightyear 0, powered by traditional electric charging and solar power. With solar panels covering its roof, bonnet and boot, the car can be charged while driving. According to its release, it requires only 1,500 kilowatt-hours per year, making it twice more efficient than the Tesla model S, the equivalent in its category. Described as a production-ready solar electric vehicle, it can be driven for months in the summer before needing to be charged. It has a top speed of 160 kilometers an hour and accelerators from zero to 100kph in 10 seconds.

The startup and SRTI Park have signed a Memorandum of Understanding (MoU) to establish Lightyear's global expansion and indicate Sharjah's role in enabling the development of UAE's efforts in sustainable mobility solutions. With the partnership, Lightyear plans to establish testing facilities and sales and service support across the MENA region. In addition, the two entities aim to set up university research exchange programs on solar-powered electric vehicles (EVs), and advance policy initiatives that encourage government incentives for EVs, including solar-extended EVs.

The MoU was signed by Hussain Al Mahmoudi, CEO of SRTI Park, and Lex Hoefsloot, CEO of Lightyear, on June 13 in the Netherlands, in the presence of H.E. Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, Jamal Al Musharakh, UAE Ambassador to the Netherlands, and Lody Embrechts, Ambassador of the Netherlands to the UAE, with facilitation by consultancy firm Sawadi Ventures.

"The UAE has created a holistic innovation ecosystem that helps companies develop and scale up trailblazing solutions," said H.E. Mariam bint Mohammed Almheiri on the partnership. "Today, it is a hub for top-notch competencies and scientific innovations, particularly those related to clean energy…. We are pleased by Lightyear's decision to set up its first base outside the Netherlands at SRTI Park, and wish the company success in its endeavors."

The UAE, as the world's third-largest producer of solar power, is the ideal place to test Lightyear's patented solar technology, said Hussain Al Mahmoudi, CEO of SRTI Park. "We are confident that Lightyear's presence at SRTI Park will spark interest among all countries in the region to embrace EVs," he added.

Meanwhile, Lex Hoefsloot, CEO of Lightyear, commented, "We look forward to collaborating with SRTI Park to further move the needle of innovation in solar electric vehicles. The GCC region is of strategic importance for our company and is a strong growth market for solar electric vehicles."

The first batch of Lightyear cars is reportedly expected to be delivered to customers in Europe in November at a cost of US$262,000.

Related: Startup Spotlight: Luxembourg-Headquartered Maana Electric Is Bringing Its Sustainable Solar Panel Producing Mobile Factories To The UAE

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.

Business News

Mark Zuckerberg Told Meta Engineers to 'Figure Out' Snapchat's Privacy Protections: 'We Have No Analytics on Them'

Recently unsealed court documents detail "Project Ghostbusters," Meta's project to work around Snapchat's end-to-end encryption to intercept data.

Marketing

31 Ways to Market Your Business on a Budget

Using these 31 low-cost marketing ideas, you can take your business to the next level. Plus, marketing and advertising advice from industry veterans.

Finance

"We Got Funded!" Tunisia-Born Clusterlab Secures US$600,000 In A Pre-Seed Funding Round With The Aim To Advance Arabic Artificial Intelligence Tech

ClusterLab is on a mission to revolutionize how Arabic content is created and consumed by leveraging the power of artificial intelligence to ensure it is more accessible and engaging for users worldwide.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

9 Ways Memes Can Rev Up Your Business Marketing

Memes are here to stay. Brands are growing engagement with well-timed meme-marketing strategies.