Muscat: Egolesi, a well-known Omani integrated logistics services provider, has signed an exclusive distribution agreement with UAE-based EV startup ONE MOTO for the supply affordable, best-in-class vehicles to the Omani market.
Muscat-based Egolesi welcomed the partnership as a demonstration of its commitment to supporting the goals of Oman’s 2040 Vision.
“With ONE MOTO's pioneering electric vehicles at their helm, backed by our unparalleled local knowledge and dedication, the partnership is poised to not only revolutionize transportation but also leave an indelible mark on Oman's journey towards progress and sustainability,” said Nasser al Sharji, CEO & Founder of Egolesi.
ONE MOTO, the home-grown UAE start-up, is credited with pioneering change in the high-growth sector of two and four-wheeled electric mobility since 2020. Egolesi’s extensive network of stakeholders, including government entities, private enterprises, and individual consumers, positions the company to facilitate seamless distribution and foster enduring relationships crucial for sustained market penetration and growth.
The agreement commits over 10% (2,300 vehicles) to be supplied by ONE MOTO in the first 24 months, including motorcycles and light commercial vans.
“In the Sultanate of Oman, the last-mile delivery sector is undergoing a transformative evolution, driven by technological advancements, shifting consumer preferences, and a growing demand for seamless delivery solutions. The forecasted growth of Oman's last-mile delivery industry is exciting. With the endorsement of the local government, private sector stakeholders, and this deal, we expect to offer an even more progressive stronghold in our GCC presence,” stated Stephen Wood, COO of ONE MOTO Technologies.
Adam Ridgway, CEO ONE MOTO added: “This is the twelfth country we’ve expanded into in just three years, we pioneer change in frontier markets like Oman, with a sea of opportunity in front of us and working very closely with all stakeholders to ensure the delivery network is optimised, structured and considers all stakeholders.”
This collaboration is supported by recent attention to the Omani EV landscape, including initiatives from Mays Motors, Vinfast, and the government’s announcement of 22,000 EVs on Oman's roads by 2030, as stated by Eng Said Hamood al Maawali, Minister of Transport, Communications and Information Technology.
The last-mile delivery landscape in Oman has witnessed significant expansion in recent years, fuelled by a vibrant e-commerce market and changing consumer behaviour. According to recent statistics, Oman's e-commerce sector is projected to reach a value of $1.3 billion by 2025, with a compound annual growth rate (CAGR) of 18% from 2020 to 2025. This growth trajectory underscores the increasing reliance on delivery services to fulfil the needs of a digitally savvy population.
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