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Volvo Trucks launches range of Electric Trucks for European Market

5Nov By AdityaNo Comments

Automobile

Volvo Trucks launches range of Electric Trucks for European Market

GOTHENBURG, Sweden, Nov. 5, 2020-- In 2021, Europe will be able to order all-electric versions of Volvo's heavy-duty trucks. Volvo Trucks' massive drive towards electrification marks a major step forwards on the road to fossil-free transport. Volvo Trucks is now running tests of the electric heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks, which will be used for regional transport and urban construction operations in Europe. These trucks will have a gross combination weight of up to 44 tonnes. Depending on the battery configuration the range could be up to 300 km. Sales will begin next year and volume production will start in 2022. This means that from 2021 onwards Volvo Trucks will sell a complete range of battery-electric trucks in Europe for distribution, refuse, regional...

UAE may Launch Underwater Rail Network Between Fujairah & Mumbai

30Nov By Gauri SinghNo Comments

MIDDLE EAST, News

UAE may Launch Underwater Rail Network Between Fujairah & Mumbai

With technology growing so fast, various countries have been coming up with Hyperloop and driverless flying cars, and now, the UAE is all set to introduce a futuristic mode of transport which will be an underwater rail network. With this, the UAE has proved to be the land of innovations and setting a benchmark in the world. In the coming days, the people might be able to travel from Fujairah to the Indian city of Mumbai by undersea rail network. Along with this, there will also be exchange of goods in the form of freshwater flowing from India to the UAE and oil being exported back through pipeline as stated by Abdulla Alshehh, who is the managing director and chief consultant of the National Advisor Bureau Limited. The Bureau stated above is basically a consultancy firm based in Masd...

Dubai-based Careem Buys Tech & Talent of Indian Bus-shuttle Platform

25Sep By Gauri SinghNo Comments

ACQUISITION, MIDDLE EAST

Dubai-based Careem Buys Tech & Talent of Indian Bus-shuttle Platform

Dubai-based ride-hailing company Careem has acquired a part of Indian bus-shuttle service platform called Commut. The amount of the deal is yet not disclosed and with this, the company is looking to expand to mass transport across 100 cities. Following the acquisition, Careem will take over Commut's talent and technology. Founded in 2015 by six IIIT-Hyderabad graduates, Commut claims to have served over 70,000 customers and onboarded 400 driver-partners. "We are always looking to invest in new technologies and high-calibre people to help solve complex local problems. And mass transportation is one of the biggest issues facing cities in the Greater Middle East," Careem stated. "Improving the quality and availability of mass transportation will help to create affordable transport option...

18Apr By NitishNo Comments

FUNDING

Chennai Based Intracity Logistics Platform Raises 20 Crore Funding

Chennai based mini-truck aggregator platform raises ₹20 Cr funding from its existing investor, Ramco Group and the promoters - P.R. Venketrama Raja (Chairman, Ramco Systems) and his son Abinav Raja(Co-founder, Lynk). Founded by Abinav Raja and Shekhar Bhende, Lynk is an intra-city on-demand last mile technology platform that connects customers (individuals/businesses) with trucks (logistics service providers) to efficiently move goods. The app service was first launched in Chennai and are now planning to expand to other cities. "We have proven time and again that some of our drivers have generated Rs. 45,000 to Rs. 50,000 per month on a Tata Ace and are confident that this will be sustainable for at least five years down the line”, said Mr. Shekhar. The startup has received ₹6...

Uber’s Technology Will Reduce Traffic Congestion In Indian Metro Cities

13Apr By Sheldan RungasamyNo Comments

News

Uber’s Technology Will Reduce Traffic Congestion In Indian Metro Cities

Uber, the US based cab hailing company, is taking the responsibility of helping civic authorities, traffic police, researches, think tanks and policymakers find ways of reducing traffic and congestion by applying big data and analytics to find patterns commuting habits and propose innovative plans meant to improve road infrastructure and traffic management decisions. Therefore, the cab aggregator Uber launched the second phase of ‘Movement’, a free tool destined to collect data from millions of trips and eventually assist urban planners in achieving sustainable development in road infrastructure and implement policies that would substantially improve commuting facilities in metro cities. Uber is taking a formal stand against traffic congestion with this initiative and shows its commi...

Survey: This is What Indians Do Online & Offline

7Apr By Sheldan RungasamyNo Comments

ANALYSIS

Survey: This is What Indians Do Online & Offline

India is a fast evolving and developing country with ever-more resources and capital being poured into the Indian web market to digitalize the country. A particular tool that has allowed this digital development has been the introduction of cheap and reliable smartphones in the market which allowed a large portion of the country to afford the technology. Additionally, cheap internet plans contributed significantly to encouraging and increasing the overall internet usage. Consequently, diverse facilities and services emerged from phone apps, allowing users to buy, sell, order and enjoy different types of facilities and services from electronic shopping, to cab hailing, food delivery and more. Presently, India stands among the most internet-friendly ecosystems in the world and the scale a...

Hyperloop One and Indian Government Officials Lead First-Ever Summit on Hyperloop Technologies

1Mar By AnkitaNo Comments

News

Hyperloop One and Indian Government Officials Lead First-Ever Summit on Hyperloop Technologies

Hyperloop One, the global leader in developing the world's first operational Hyperloop, convened a landmark innovation summit – The Hyperloop One Vision For India in New Delhi today. The summit, which was graced by Shri Suresh Prabhu, Hon'ble Minister of Railways and Shri Amitabh Kant, CEO, NITI Aayog, discussed how Hyperloop One can integrate with and augment India's vast transport network with reliable, clean, and on-demand autonomous transport, connecting India's major cities at faster-than-airline speeds. Hyperloop can reinvent and transform transportation in India, making the nation a global leader in innovation, efficiency, and regional economic growth. The Hyperloop concept has generated excitement and interest from start-ups around the world since it was first proposed in 20...

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

23Dec By AdityaNo Comments

News

Droom Launches Droom History- India’s First Platform Which Provides Used Vehicles Data

In a move that once again underlines its pioneering status in the country’s automobile industry, Droom, India’s pioneering online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle’s background. Generated using Droom’s proprietary technology, the report will address issues related with a vehicle’s safety, trust, and value. Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-ownedvehicle, such as ownership history, title dispute, and vehicle-related issues, ...

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

8Dec By AnkitaNo Comments

Entrepreneurs Talk

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pune," he told PIXR8 here on the sidelines of the Carnegie Global Technology Summit 2016 here. Hyperloop runs faster than an aircraft at a speed of 1,120 kmph. Asked about the regulatory challenges to build Hyperloop in India, Gresta said Gadkari, during the meeting, had expressed the Indian Government's w...

Logistics Company’s Could Save $200 Bn Annually Post GST

8Aug By AnkitaNo Comments

News

Logistics Company’s Could Save $200 Bn Annually Post GST

Logistics sector, which accounts for nearly 14 per cent of the GDP, could see savings to the tune of USD 200 billion annually on implementation of GST, which will ensure faster movement of goods and less idle hours, say experts. With the introduction of Goods and Services Tax, many taxation procedures will come down, nearly halving the cost of inventory as customers will not need to pile up stocks in different warehouses, say experts. "For a USD 2-3 trillion dollar economy, this could mean a potential of USD 200 billion wasteful inventory spent being available to deploy in productive value creation and further propelling the economy's growth," said Deepak Garg, founder of logistics firm Rivigo. Describing the passage of the GST bill in Rajya Sabha as a "positive reform", apex transpor...

Users can Now Pay With Single Touch Using ‘Ola Money’

22Mar By AnkitaNo Comments

News

Users can Now Pay With Single Touch Using ‘Ola Money’

Ola Money, the popular digital payment solution from Ola, India's leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metro cards by using the Ola Money app. Ola Money is also the exclusive digital payment partner for RSRTC- the Rajasthan State Road Transport Corporation, where users booking tickets online on http://rsrtc.rajasthan.gov.in/ or offline during their bus ride, can pay using Ola Money. The Ola Money app can also be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Additionally, Ola Money has recently partnered with Cafe Coffee Day, Cleartrip and Stayglad over and above existing partners ...