DevvStream signs MoU with Fayafi Investment Holding

DevvStream (DEVS) announced that it has signed a Memorandum of Understanding, or 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. 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, with initial project deployments targeted for Q3/Q4. The initial funding commitment is expected to be $100M, with the potential to scale significantly based on project performance and capital deployment efficiency. The joint venture will be structured as an independent entity, with ownership expected to be allocated 80% to Fayafi and 20% to DevvStream, and economics shared on a pro-rata basis. The MoU also grants DevvStream exclusivity during the feasibility phase and a first right of refusal on carbon-related opportunities originating within the venture’s scope.