DevvStream Corp and Fayafi Investment Holding Announce Joint Venture to Boost Global Sustainability Investments

DUBAI, UAE, May 13, 2025 /PRNewswire/ – DevvStream Corp. (NASDAQ: DEVS), a prominent carbon management firm, has entered into a Memorandum of Understanding (MoU) with Fayafi Investment Holding, a leading investment platform in the UAE. The agreement sets the stage for the creation of Fayafi x DevvStream Green Ventures, a joint venture aimed at accelerating investments in decarbonization and climate infrastructure projects globally.

Key Details of the Joint Venture

  • Objective: The venture seeks to unlock high-impact opportunities in decarbonization and energy transition, leveraging a capital-light model.
  • Initial Funding: An initial funding commitment of $100 million has been announced.
  • Ownership Structure: Fayafi Investment Holding will hold an 80% stake, while DevvStream Corp will own 20%.
  • Timeline: The parties aim to finalize firm agreements by Q2 2025, with initial project deployments targeted for Q3/Q4 2025.

Strategic Benefits

The capital-light model allows DevvStream to expand its global footprint while generating recurring revenue streams from project management, consulting, and carbon monetization, with minimal upfront investment. This strategic partnership combines DevvStream’s operational and technical expertise with Fayafi’s capital resources and extensive network.

Company Overview

DevvStream Corp, listed on Nasdaq with a market capitalization of $6,590,000, specializes in the development, investment, and sale of environmental assets. Despite a challenging financial year, with a close price of $0.196 on May 4, 2025, and a 52-week low of $0.175, the company remains focused on its core mission of advancing carbon management solutions.

Conclusion

The formation of Fayafi x DevvStream Green Ventures marks a significant step towards enhancing global sustainability efforts. By combining the strengths of both companies, the joint venture is poised to make substantial contributions to the decarbonization and energy transition landscape.