Abu Dhabi – Mubasher: Emirates Driving Company, a subsidiary of 2PointZero Group, has announced its intention to acquire a 51% majority stake in AI solutions firm Performise Labs, according to a bourse disclosure.
Subject to regulatory approvals and closing conditions, this strategic move aims to accelerate technological transformation in the fields of mobility, driver testing and training, as well as vehicle inspection.
Moreover, the potential equity acquisition reflects Emirates Driving’s commitment to advancing digital transformation efforts and leveraging cutting-edge technologies in the sector to enhance the quality of services provided to customers.
The acquisition will also enable the listed company to integrate Performise Labs’ latest solutions into its operational ecosystem, increasing efficiency and accuracy while enhancing the trainee experience across all stages of education and testing.
The CEO of Emirates Driving, Khaled Al Shemeili, said: “This acquisition represents a pivotal step in our journey toward a smarter and safer future for driver education.”
Al Shemeili elaborated: “By partnering with Performise Labs, we are placing ourselves at the forefront of innovation, where artificial intelligence technology can be applied practically to real-world mobility scenarios.”
The CEO noted: “Ultimately, this enables us to enhance our services and deliver high-quality testing and training experiences that will meet the aspirations of individuals and the wider community, while simultaneously elevating road safety.”
He added: “This move is part of our long-term strategy to build a strong and integrated portfolio of smart mobility solutions and to solidify our position as a key driver of innovation in the driver education sector and advanced technology applications.”
The CEO concluded: “It also reflects our ongoing commitment to developing smarter and more efficient operating models and contributing to the UAE’s sustainable mobility objectives.”
Founded in 2024, Performise Labs has achieved rapid growth through its innovative AI-powered solutions, including the Intelligent Virtual Examiner (iVE) system, which enables fully automated yard tests with real-time monitoring, biometric verification, and measurement accuracy of up to 2 cm.
Performise Labs further secured main contracts with the Roads and Transport Authority in the UAE and is actively pursuing expansion opportunities in Saudi Arabia, Qatar, and Jordan.
Enes Reda, the CEO of Performise Labs, said: “We welcome Emirates Driving as a new major shareholder in Performise Labs where together we realise our joint aspiration for the mobility sector. This milestone marks a pivotal moment in the company’s journey and reflects full alignment with our long-term vision and growth strategy.”
Reda added: “This partnership will accelerate the development of our AI-based solutions and expand their applications, enabling us to deliver more advanced and efficient technologies in driver testing and training, as well as broader smart mobility solutions.”
It is worth noting that Emirates Driving recently announced its strategic direction to transition to Emirates Mobility, becoming an integrated platform focused on the mobility sector.
Alongside Emirates Driving, which will focus on operations, the Emirates Mobility portfolio will include companies such as Excellence Premier Investment Group, Mwasalat Holding, and ChargePoint. Completion of this transition remains subject to the relevant regulatory and legal procedures and approvals, including those of the competent regulatory authorities and the company’s shareholders, in accordance with applicable frameworks in the UAE.
In 2025, Emirates Driving registered higher net profits after tax at AED 345.86 million as well as revenues of AED 770.48 million.
