ExxonMobil Investment in Egypt’s Trella Marks Start of New Partnership
The gas and oil company has teamed-up with the trucking startup to drive innovation, marking it as its first investment in a MENA tech company.
Cairo-based trucking startup, Trella, has announced that it has entered into a partnership with ExxonMobil Egypt, with an undisclosed oil and gas company also making an undisclosed investment as part of the framework of the partnership.
Though details of the partnership are yet to be disclosed, the collaboration looks to provide ‘innovative solutions’ and ‘tech-fueled growth’ as part of what ExxonMobil the first direct investment in a MENA tech startup.
What we do know about the partnership is that it, according to a press release, will allow Trella to offer enhanced trucking productivity and efficiency and more work opportunities for truck drivers, in addition to empowering fleets with the use of ExxonMobil’s heavy-duty diesel engine oils, Mobil Delvac.
Ultimately, the partnership feeds into Trella’s goal of revolutionising the freight industry, something that Exxon can only reap benefits from. Founded by Omar Hagrass, Ali El Attrash, Pierre Ssaad and Muhammad El Garem, Trella was established in 2018 aand quickly landed on radars both regionally and internationally, graduating from the famed Y Combinator accleerator programme.
