Sunday January 19, 2020
Home Business Uber Announce...

Uber Announces Partnership with SUN Mobility to Deploy E-Autos in India

As part of the alliance, SUN Mobility will offer its unique energy infrastructure platform, which includes swappable smart batteries

0
//
This partnership will be piloted across select cities in the coming months, Uber said. Pixabay

Ride-hailing giant Uber on Wednesday announced a partnership with SUN Mobility to deploy e-autos in India.

This partnership will be piloted across select cities in the coming months, Uber said.

As part of the alliance, SUN Mobility will offer its unique energy infrastructure platform, which includes swappable smart batteries and quick interchange stations to select original equipment manufacturers (OEMs) for building e-autos.

Fleet owners and Uber’s driver partners will benefit because they can buy vehicles without the battery to save money on initial acquisition costs.

Uber, SUN Mobility, E-Autos
Ride-hailing giant Uber on Wednesday announced a partnership with SUN Mobility to deploy e-autos in India. Flickr

They will receive charged, swappable batteries as a service by SUN Mobility, thereby helping bring the overall cost of e-autos in line with their internal combustion engine (ICE) counterpart.

“We are delighted to partner with SUN Mobility, an industry pioneer to try to usher in a wave of electric vehicles in the mass market category,” Pradeep Parameswaran, President Uber, India and South Asia, said in a statement.

“This is an important step forward in fulfilling our vision for creating a mobility ecosystem that is sustainable, provides cleaner air and helps build smarter cities across the region,” Parameswaran said.

SUN Mobility is a 50:50 joint venture between Maini Group and SUN Group, pioneers in areas of electric mobility and clean energy.

Also Read- Petrol, Diesel Subsidies Three Times Higher than E-Vehicle Budget: Study

The company was launched in April 2017 and is led by Chetan Maini, previously founder of Reva which was renamed Mahindra Electric, and Uday Khemka, Vice Chairman of SUN Group.

“Our mission is to give users a cost-effective and convenient energy infrastructure solution to accelerate the adoption of Evs,” said Maini, Co-Founder and Vice-Chairman of SUN Mobility.

“Partnering with Uber, the leading global player in personal mobility, will help create a wide EV landscape at scale, that will transform the way people commute,” Maini said. (IANS)

Next Story

Investors in Vietnam to be More Cautious While Investing in Tech Startups

Vietnamese Investors More Cautious with Tech Startups

0
Investors
Investors and entrepreneurs in the communist nation are taking a more critical look at their businesses after seeing others get burned overseas. Pixabay

Vietnamese startups are heading into the new year looking to avoid the mistakes of such companies as Uber and WeWork, which disappointed investors in 2019 for failing to turn a profit after so much buildup.

Investors and entrepreneurs in the communist nation are taking a more critical look at their businesses after seeing others get burned overseas. WeWork, which rents out shared workspaces, was seen as a cautionary tale of a startup that did not live up to expectations and was not profitable.

For years, investors were willing to back losing businesses to gain market share. But now, there is more scrutiny of new investments.

ho-chi-minh Investors
Ho Chi Minh City is the business hub of Vietnam, where fast economic growth has attracted startup investors. VOA

Benchmarks set

The Vietnam Innovative Startup Accelerator (VIISA) requires its technology startups to meet a list of benchmarks throughout their time in the program.

“Apart from very intuitive selection criteria that all applying startups have to go through, the program has introduced a new development measurement method, which helps us to capture the progress of startups that are accepted into VIISA,” Hieu Vo, a board member and chief financial officer at VIISA, said. “I think this process will bring out the best in each person for the particular business they have founded and committed to.”

Vo said his colleagues sit down with startups when they join the accelerator to discuss key performance indicators, or KPI, that will be set as goals. VIISA also does training for the young businesses so they have quantifiable skills, such as how to structure a business deal, or how to set up their accounting system.

Having metrics and ratings, Vo said, supports “both business performance, as well as personal transformation of founders.”

Investors Uber
Uber was one among those companies that left investors disappointed in 2019. Wikimedia Commons

Founder scrutiny

The founder as an individual has become a point of scrutiny for investors, who used to be more forgiving of an eccentric or aggressive founder, seen as part of the package to have a tech genius head an innovative business. But there has been a backlash among those who think too much permissiveness can damage a business, from the sexual misconduct amid the workplace culture of Uber, to the conflicts of interest in business decisions at WeWork.

It helps to not just think short term and to have an outside perspective, according to Pham Manh Ha, founder and chief executive officer of Beekrowd, an investment platform in Ho Chi Minh City.

“As a first-time founder, it seems impossible for us to look beyond the first six months to a year of our business,” he said, adding that experienced third parties can help businesses take the long view. “They stand outside the trees that are blocking us from seeing the forest.”

Also Read- Know About the Impact of Bushfires in Australia on Wildlife

To see the forest, Vietnamese businesses like his are taking a more measured approach. Vietnam has seen an escalation of tech startups, as investors have rushed to put their money to work and take advantage of the economy’s fast growth.

They also remember the dot-com bubble in the United States, and the more recent global tech bubble, two reminders for caution. (VOA)