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DevvStream Corp and Fayafi Investment Holding Sign MoU to Explore Creation of "Fayafi x DevvStream Green Ventures" to Accelerate Global Sustainability Investments
DevvStream Corp. (NASDAQ: DEVS), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced that it has signed a Memorandum of Understanding (MoU) with Fayafi Investment Holding, one of the UAE's most forward-thinking and diversified investment platforms. The agreement outlines the intent to launch Fayafi x DevvStream Green Ventures, a global joint venture designed to accelerate investment in decarbonization and climate infrast
About this update from Devvstream Corp.
[{"type":"text","content":"Proposed capital-light joint venture aims to unlock high-impact decarbonization and energy transition opportunities ","length":115,"tagName":"p"},{"type":"text","content":"DUBAI, UAE, May 13, 2025 /PRNewswire/ -- DevvStream Corp. (NASDAQ: DEVS), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced that it has signed a Memorandum of Understanding (MoU) with Fayafi Investment Holding, one of the UAE's most forward-thinking and diversified investment platforms. The agreement outlines the intent to launch Fayafi x DevvStream Green Ventures, a global joint venture designed to accelerate investment in decarbonization and climate infrastructure projects worldwide.","length":572,"tagName":"p"},{"type":"image","alt":"Carl Stanton, Chairman of DevvStream.","displaySize":"","headline":null,"caption":"Carl Stanton, Chairman of DevvStream.","className":"","disableSlideshowImg":false,"size":{"original":{"width":381,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/2192d59fad62cc49d73c1c0f998dc16b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TeB7yxyBgoeQ3VcJ4fSgKA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc0MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2192d59fad62cc49d73c1c0f998dc16b","width":381,"height":400}},"href":"https://mma.prnewswire.com/media/2686395/Fayafi_Investment_Holding_Carl_Stanton.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Fayafi x DevvStream Green Ventures is expected to combine DevvStream's operational and technical expertise with Fayafi's capital resources, institutional network, and ESG-focused investment strategy. The platform would focus on identifying, funding, and scaling a pipeline of environmental projects across high-growth regions. Firm agreements are expected in Q2 2025, with initial project deployments targeted for Q3/Q4 2025. The initial funding commitment is expected to be $100 million, with the potential to scale significantly based on project performance and capital deployment efficiency.","length":602,"tagName":"p"},{"type":"text","content":""Fayafi x DevvStream Green Ventures is envisioned as a purpose-built platform to meet the needs of climate and energy transition investment in a changing world," said Carl Stanton, Chairman of DevvStream. "Fayafi, as a ...