Technology

World’s Leading Car-Sharing Network, Zipcar, Unveils Electric Vehicle Initiative in Select Cities Nationwide

Published

12 months ago

December 14, 2023

Nearly 25 Years of Expertise in Fleet Management, Subscription Model Membership and Partnerships Propels Zipcar to Launch EVs in Cities, Universities and Businesses Across the U.S.

BOSTON, Dec. 14, 2023 /PRNewswire/ — As cities, manufacturers and consumers prepare for the future of electric vehicles, the world’s leading car-sharing company, has launched an electric vehicle (EV) initiative in Boston, Chicago, New York City, San Francisco, Los Angeles, Portland, Seattle, Baltimore, Denver, and Philadelphia. Zipcar is partnering with cities, university campuses, and commercial and residential businesses nationwide to bring electric vehicles to drivers who need easy, affordable access to a vehicle and, unlike other services, managed professionally by an industry leader with nearly 25 years of operations and member experience.

World’s Leading Car-Sharing Network, Zipcar, Unveils Electric Vehicle Initiative in Select Cities Nationwide

Because the daily movement and lifecycle of a Zipcar fundamentally differs from a personally owned vehicle which sits idle 95% of the time, Zipcar, through its proprietary tools, monitors the fleet to optimize charging while meeting turn-around for member demand. Since Zipcar started rolling out EVs, Zipcar has gained first-time EV driver and vehicle insights, informing the company’s goal of increasing its EV fleet in the U.S. up to double its current size in 2024.

“Zipcar is ready to accelerate into the future by offering electric vehicles to our members and communities,” said Angelo Adams, head of Zipcar. “We’ve built on more than two decades of car-sharing expertise and aim to bring the electric vehicle experience to cities, campuses and businesses nationwide. Together, Zipcar and our partners seek to advance the goals of bringing equitable, sustainable transportation to those who cannot afford the increasing costs and hassles of personal car ownership.”

Zipcar has increasingly served those who most benefit from the cost-savings of car sharing. Because of this, Zipcar committed to allocating 25% of its electric fleet to disadvantaged communities needing affordable and convenient vehicles for driving to professional and personal appointments, running errands or visiting friends and family. With this commitment, Zipcar joined the White House EV Acceleration Challenge, which supports a historic effort to transition to equitable and sustainable transportation. Equitable access to transportation and environmental sustainability is a key benefit of the car-free and car-lite lifestyle Zipcar enables, especially with the increasing adoption of EVs.

First-Time EV Drivers Experience
Electric vehicles have a quiet start, zippy acceleration and charging requirements that differ from the vehicles most are used to driving. Zipcar has surveyed members to understand their sentiment, behavior and driving experience and learned 89% of respondents had no EV driving experience.

To demystify EVs and build members’ confidence ahead of an EV reservation, Zipcar created the ultimate “Zipcar EV Guide” which members can access via QR Codes in vehicles and in their Zipcar reservation confirmation. Zipcar incorporated value feedback from its members, which centered around three key areas of advice for newbie EV drivers:

Plan ahead! Map charging stations along a route and know a car’s range capabilities and charge levels. To ensure a smooth trip, leave a buffer for extra mileage and time for charging (like a driver would find a gas station).Read up! Electric vehicles are different than the gas vehicles most have driven. So, learn about charging, the car’s features, and the feel of the vehicle (quiet engine, acceleration, etc.) Try it! An electric vehicle is not that different from a gas vehicle. A full charge is plenty to get you where you need to go. Just try it!

City, University or Business Targeting Equitable Transportation & Carbon Emission Goals?
Tapping nearly 25 years of fleet management, subscription model and partnership experience, Zipcar has recently launched EV partnerships with cities, universities and businesses nationwide, meeting mutual goals for convenient, affordable and sustainable transportation. In 2024, Zipcar plans to pursue new partnerships, including partners within the mobility ecosystem that will amplify support for EVs and the member experience. For partnership inquiries, contact cities@zipcar.com.

About Zipcar
Zipcar is the world’s leading car-sharing network, driven by a mission to enable simple and responsible urban living. With its wide variety of self-service vehicles available by the hour, day or week, Zipcar operates in urban areas and university campuses in hundreds of cities and towns. Zipcar is a subsidiary of Avis Budget Group, Inc. (Nasdaq: CAR), a leading global provider of transportation solutions. More information is available at www.zipcar.com.

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SOURCE Zipcar Inc.

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

4 hours ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

8 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

8 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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