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RBW EV Cars and Spirit EV Hire NASCAR Veteran Peyton Sellers to Lead U.S. Operations

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As a Two-Time National Champion of NASCAR’s Late Model Stock Car Series, Sellers Brings to RBW and Spirit EV Nearly Two Decades of Auto Manufacturing Experience

LONDON and DANVILLE, Va., Nov. 7, 2024 /PRNewswire/ — RBW EV Cars – the U.S. and UK’s only EV manufacturer of new, hand-crafted British classic sports cars, and Spirit EV, a specialized EV company that designs, builds and integrates EV systems for new and classic cars, today announced at SEMA 2024 (booth #24515) in Las Vegas, Nev., the hiring of Peyton Sellers as its first Director of U.S. Operations. Sellers brings to RBW and Spirit EV a wealth of automotive and racing experience, most recently as a long-time business owner that operates large-scale assembly of special commercial vehicles and as 2-time NASCAR’s® Advance Auto Parts Weekly Series Division I Champion. Under his position, Sellers will manage RBW’s new U.S. factory and manufacturing team, which will produce the new left-hand drive RBW Roadster and GT models, including the assembly of EV system units for U.S. based Spirit EV customers. Mr. Sellers’ hire comes at pivotal time for the burgeoning worldwide auto manufacturer with the forthcoming opening of its first overseas factory in the U.S. state of Virginia, followed by the recently announced EV services company, Spirit EV.

Peyton Sellers’ interest in automobiles came at an early age when he began racing go-carts at the age of seven and moved up the ranks to start his first stock car race at the age of fifteen. From that point on, Peyton has won numerous races, championships and holds a place in the NASCAR Hall of Fame for two Late Model Stock Car National Championships. Peyton still competes at a regional level in Late Model Stocks and just won his seventh championship title at South Boston Speedway in Virginia.

In addition to his passion for racing, Peyton has been assembling vehicles for many years. This includes custom builds for business clients across the U.S. as well as large scale production assembly at his own company. Peyton’s knowledge of automotive assembly, including his local business and government relationships were key to RBW’s international expansion into southern Virginia.

“Over the past several years there has been a growing trend surrounding customers preferring their vehicles have EV systems in place of gasoline powered engines, which positions RBW EV Cars and Spirit EV in a unique position to capitalize on this market demand.” said Peyton Sellers, Director of U.S. Operations for RBW EV Cars and Spirit EV. “I’m truly excited to be joining two family-run, trendsetting EV brands that will undoubtedly be a catalyst for further economic and manufacturing growth in southern Virginia.”

Launched last month, Spirit EV is a fully compliant EV design, testing, and production company. It allows businesses to outsource any part of their EV project or the entire process, offering expertise from initial development to production. Spirit EV’s engineering team treats each project as a unique, custom piece of art, thanks to the specialized level of customization required for electrification.

Spirit EV engineering programs will target REG 100 approval working within an ISO 9001 quality environment enabling faster project completion. By partnering with Spirit EV, clients can save up to 70% in time and cost for their EV projects. The Spirit EV Automotive Development Programme offers a structured development process, from prototype builds to manufacturing in the UK and U.S., with after-sales support included. To learn more, visit www.spiritev.com.

RBW presently offers its Roadster model with a starting price of $139,000 (USD) and its long-awaited GT model, with a starting price of $151,000 (USD). As part of RBW’s customer experience, inquiring buyers can configure their personalized RBW Roadster and GT by visiting the build your own page on the company website. Online configuration options include paint color, rooftop, interior, wheel style, etc. The RBW website is also available in multiple languages. To inquire about purchasing one, please visit RBWEVCars.com or contact by phone at: +44 01543 897013.

About Spirit EV 

Spirit EV, led by automotive industry veteran Neil Heslington, is a specialized EV design, build and integration company offering its proprietary EV powertrain system. Based in the UK’s Midlands Growth Corridor with a U.S. factory opening in Danville, Virginia in 2025, Spirit EV provides car builders the ability to outsource parts or entire EV projects, while ensuring compliance and safety.

About RBW EV Cars
RBW Sports & Classics Ltd., (RBW EV Cars) is the manufacturer of new, handcrafted classic British sports cars that are powered by a rear-mounted electrified powertrain.  Built entirely new from the ground up, RBW’s Roadster and GT models are assembled at the company’s new state-of-the-art factory located in England’s advanced manufacturing zone, known as the Midlands Growth Corridor. Its Roadster and GT models, which are currently for sale, offer the quintessential British experience by combining the vintage appeal of one of the most iconic sports cars in the world from the 60’s and 70’s, with the modern luxuries and technologies you’d find in a present-day EV. Founded in 2017 by Peter Swain, RBW received its first venture funding in 2023. For more information, visit rbwevcars.com.

NASCAR® and its marks are trademarks of the National Association for Stock Car Auto Racing, LLC.

Media, Investor and Analyst Contact:

David Splivalo
Head of Global Communications
RBW EV Cars
DavidSplivalo@RBWEVCARS.com

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

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November 24, 2024

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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

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

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November 24, 2024

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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

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

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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