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Uber & Arrival plan to launch electric vehicles for ridesharing

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U.K. startup ‘Arrival’ is preparing to build electric buses and delivery vans with Uber

Arrival is parterning with Uber to build the ‘Arrival Car’ – a low-cost electric vehicle for ride-sharing.

Arrival and Uber said in a joint statement the Arrival Car will be an “affordable, purpose-built electric vehicle for ride-hailing,” with production set to begin in 2023.

Uber plans to go electric

Uber plans on offering rides exclusively with electronic vehicles in London by 2025.

The company also plans to sign up 20,000 more drivers in Britain. This comes as the lifting of COVID-19 restrictions boosts demand.

The company has raised more than $188 million to help its drivers in London upgrade to an electric vehicle.

“Our focus is now on encouraging drivers to upgrade to an electric vehicle, and our partnership with Arrival will help us achieve this goal.”  

Jamie Heywood, Uber regional manager for northern and eastern Europe

Uber and Arrival say the car will prioritise “driver comfort, safety and convenience, while ensuring the passengers enjoy a premium experience.”

Arrival: the electrical vehicle startup founded by Russian billionaire

Arrival is a UK-based electric vehicle startup founded by Russian billionaire Denis Sverdlov.

Most EV companies like Tesla invest hundreds of millions of dollars to build new factories. However, Arrival plans to subvert this practice by using local factories and existing warehouses.

Arrival will use the money saved in this way to offer low-cost EVs. The company has three factories under development – one in the UK and another two in the US.

Arrival car by Uber

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Money

Financial stress deemed a leading cause of relationship breakdowns

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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