Omani EV maker MAYS signs $17.9M deal to export 750 vehicles to Uzbekistan
Muscat-based MAYS will ship 750 Alive electric vehicles to Uzbekistan under a $17.9M supply agreement signed in Tashkent, its largest export contract to date.
MUSCAT Updated By Hannaan Kirmani
MUSCAT — Omani electric vehicle maker MAYS has signed a $17.9 million supply agreement to export 750 of its Alive EVs to Uzbekistan, a commercial contract that ranks among the largest export deals yet for an Omani automotive startup.
The agreement was signed at the Omani embassy in Tashkent, according to reports citing the Oman Daily Observer. Beyond the vehicle shipments, the deal covers localisation work, training and after-sales support inside Uzbekistan, suggesting MAYS intends to build a service footprint rather than a one-off export run.
MAYS, founded by Haider Adnan al Zaabi, has positioned itself as an EV manufacturer built for Gulf driving conditions. The company was previously backed by Oman Technology Fund and raised $1.5 million from a Shanghai-based investor in an earlier round. The Uzbekistan contract is a supply agreement, not a funding event, and adds no new capital to the balance sheet.
For Oman's industrial diversification push, the deal matters less for its size than for its direction: an Omani-built hardware product being exported into Central Asia with training and servicing attached. If the localisation commitments hold, Uzbekistan becomes a template MAYS can pitch to other fleet buyers across the region.
Watch whether the contract converts into follow-on fleet orders in Central Asia, and whether the after-sales buildout requires MAYS to raise fresh capital next year. Zawya first reported the agreement.
Source: Zawya ↗
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