Tag: People

Careem is now six years old… and we’ve come a long way

This month marks the sixth anniversary of the founding of Careem, from a service created in Dubai largely for corporate clients to a multi-vehicle platform operating in over 100 cities in 14 countries the growth has been signicant. We launched with a mission to simplify and improve the lives of people, and to build an awesome organisation that inspires – and six years into that mission it’s worth looking at how much we’ve accomplished.

And here are some of the stats from our first six years…

And we’re not finished yet. In fact, our mission to simplify and improve lives and create an awesome organisation that inspires is one that had no end point. We go on, and we’re delighted to have you with us.

Volta’s ad-supported electric vehicle charging service raises $35 million

As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand.  The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million

3D printing and prospects of robo-glove at General Motors

At General Motors’ Lansing Delta Township Assembly Plant, Michigan, workers may use a bionic glove, named Robo-Glove, to handle mass produced 3D printed parts. Two years ago, GM initiated a project in collaboration with NASA and Bioservo to develop a grasp-assisted glove which could help increase workers’ productivity. Now, their engineers have successfully invented Robo-Glove, which allows wearers… Continue reading 3D printing and prospects of robo-glove at General Motors

Electric cars could cost more to charge at peak periods, says Ofgem

Electric vehicle owners could face a fresh concern in addition to range and charging locations in the future, with industry regulator Ofgem suggesting that it could cost more to charge their cars in peak times. The proposed “flexible energy” measures would ensure less investment is needed in the UK’s electricity infrastructure. Ofgem analysis suggests that if owners use ‘flexible charging’… Continue reading Electric cars could cost more to charge at peak periods, says Ofgem

Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing

Photo: Getty As an Uber driver, you have to deal with low wages, an uncertain future, and the possibility of getting yelled at by the company’s billionaire founder. There’s also the more common issue of drunk people puking in your back seat. But a news report claims passengers in Miami are getting hit with fees… Continue reading Uber’s ‘Vomit Fraud’ Sounds Worse Than Surge Pricing

Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational… Continue reading Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Cheaper charging plans for electric cars

People who own electric cars could soon benefit from cheaper energy, as a result of so-called flexible charging. Regulator Ofgem has announced plans to encourage owners to recharge cars at times when electricity is cheaper. That could be in an off-peak period, or it could be at times when plenty of renewable energy is being… Continue reading Cheaper charging plans for electric cars

Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China

July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China

Tata Motors renews talks to sell stake in engineering unit

July 23, 2018 Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that… Continue reading Tata Motors renews talks to sell stake in engineering unit