DevvStream Corp and Fayafi Investment Holding Sign MoU to Explore Creation of "Fayafi x DevvStream Green Ventures" to Accelerate Global Sustainability Investments

Rhea-AI Summary

DevvStream Corp (NASDAQ: DEVS) has signed a Memorandum of Understanding (MoU) with Fayafi Investment Holding to establish Fayafi x DevvStream Green Ventures, a joint venture focused on global decarbonization and climate infrastructure projects. The venture will combine DevvStream's operational expertise with Fayafi's capital resources and network.

Key details include:

• Initial funding commitment of $100 million
• Ownership structure: 80% Fayafi, 20% DevvStream
• Expected firm agreements in Q2 2025
• Initial project deployments targeted for Q3/Q4 2025

The capital-light model enables DevvStream to expand its global presence while generating recurring revenue from project management, consulting, and carbon monetization with minimal upfront investment. DevvStream will lead technical operations while Fayafi serves as the financial and strategic engine.

Positive

• Initial funding commitment of $100 million with potential for significant scaling
• Capital-light model requiring minimal upfront investment from DevvStream
• Recurring revenue streams from project management, consulting, and carbon monetization
• Exclusive rights during feasibility phase and first right of refusal on carbon-related opportunities

Negative

• Only 20% ownership stake for DevvStream in the joint venture
• Final agreements still pending, currently only at MoU stage
• Project deployment not starting until Q3/Q4 2025

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Proposed capital-light joint venture aims to unlock high-impact decarbonization and energy transition opportunities

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.

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.

"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 strategic and financial partner, represents an ideal counterpart to help us scale quickly and responsibly, providing significant upside to DevvStream investors."

Bobby Campbell, the Chief ESG Investment Officer for Fayafi Investment Holding added, "This MoU marks an important step toward the future of climate finance. We believe in the potential of this partnership and are committed to continuing the dialogue with DevvStream."

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. This capital-light model enables DevvStream to expand its global presence in energy transition and environmental assets while unlocking recurring revenue streams from project management, consulting, and carbon monetization—with minimal upfront investment.

Fayafi will serve as the financial and strategic engine of the venture, leveraging its institutional relationships and global network to drive market access, regulatory approvals, and execution at scale. The MoU also grants DevvStream exclusivity during the feasibility phase and a first right of refusal on carbon-related opportunities, underscoring a shared commitment to long-term alignment and disciplined project selection.

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. This framework supports a shared commitment to long-term strategic alignment and disciplined project selection.

As operational and technical lead, DevvStream would be responsible for identifying and evaluating high-impact sustainability projects, structuring and registering environmental assets under global standards, managing implementation, and overseeing the full lifecycle of carbon credit generation and monetization. Fayafi's role as financial sponsor and market enabler would complement DevvStream's execution, supporting efficient scaling into undercapitalized markets.

This proposed joint venture marks a pivotal step in DevvStream's strategic evolution, allowing the Company to expand its footprint, enhance monetization pathways, and deliver scalable climate impact through a collaborative global platform.

About DevvStream

Founded in 2021, DevvStream is a leading authority in the use of technology in carbon project development. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.

With a diverse approach to the carbon market, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the Company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the Company serves as project manager for eligible activities such as EV charging in exchange for a percentage of generated credits.

About Fayafi Investment Holding

Fayafi Investment Holding Limited is a global investment platform headquartered in Dubai, UAE. Fayafi Investment Holding Limited will be deploying capital into a diversified pipeline of assets and projects covering liquid yield generating assets, AI, defense, biotech, and real estate. Fayafi Investment Holding Limited will also embark on a product upgrade program, this will increase the use case and valuation of its main underlying asset which is Ultra Fine Copper Powder.

Contact:

FAYAFI Investment Holding
media@fayafi.ch
DIFC, Dubai, UAE

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SOURCE Fayafi Investment Holding

FAQ

What is the ownership structure of the Fayafi x DevvStream Green Ventures?

Fayafi will own 80% of the joint venture, while DevvStream will hold a 20% stake, with economics shared on a pro-rata basis.

How much is the initial funding commitment for DEVS's joint venture with Fayafi?

The initial funding commitment is $100 million, with potential to scale based on project performance and capital deployment efficiency.

When will DevvStream's joint venture with Fayafi begin operations?

Firm agreements are expected in Q2 2025, with initial project deployments targeted for Q3/Q4 2025.

What is DevvStream's role in the joint venture with Fayafi?

DevvStream will be responsible for identifying and evaluating sustainability projects, structuring environmental assets, managing implementation, and overseeing carbon credit generation and monetization.

What are the key benefits for DEVS shareholders from the Fayafi partnership?

The partnership offers recurring revenue streams from project management and carbon monetization, global expansion opportunities, and minimal upfront investment through a capital-light model.