DevvStream, Fayafi Investment Sign Green Ventures MOU

MT Newswires Live

May 14, 2025

DevvStream (DEVS) signed a memorandum of understanding with Fayafi Investment Holding of the United Arab Emirates to explore creating a venture to bolster investment in decarbonization and climate infrastructure projects worldwide.

DevvStream, based in Calgary, said Tuesday in a statement that Fayafi x DevvStream Green Ventures "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."

"Fayafi will serve as the financial and strategic engine of the venture" with the

initial funding commitment expected to be $100 million, DevvStream said. Firm agreements on the formation of the venture are expected in Q2.

DevvStream shares rose 22% in after-hours trading.

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