Falak Motors, founded by Hideki Tamaki, will be the first "Made in UAE" automobile brand, constructing luxury electric cars (EVs) with parts, chassis, motors, and batteries imported from Japan, Taiwan, China, and the EU.

The company has exclusive manufacturing agreements with over 25 innovative engineering businesses to produce EVs such as buses, trucks, taxis, delivery motorcycles, and economical and luxury automobiles.

The firm situated in Dubai International Financial Centre intends to raise $10 million through an exclusive equity finance engagement to build Falak Motors in the UAE. "Our cautious 5-year growth prediction, as depicted in Falak's investment memorandum, represents a cumulative EBITDA of $96.3 million at the conclusion of the 24-month period ending September 2024," Tamaki stated.

The firm features Japanese founders, investors, entrepreneurs, and EV specialists, and it links Japan and the GCC through impact investing.

Tamaki, who graduated from the National Kyoto Institute of Technology in his early fifties, stated, "We will develop an EV and charging infrastructure firm in the UAE based on Japanese technology. Using my wide network in Japan, China, Taiwan, and Hong Kong, I have developed a supply chain of more than 20 electric car manufacturers throughout East Asia."

Tamaki is optimistic about the UAE's progress as it works to create a sustainable economy. The future is all about providing clean energy with no carbon emissions.

The UAE production facilities will be built over the following 4-6 months, with the assembly factory opening in 2024.