Page 315 - MOE ENGLISH PR REPORT- NOVEMBER 2024
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Ahmed Zachariah Faizal, CEO and Founder of Peec Mobility, expressed confidence in the UAE as an
ideal environment for innovative ideas. He noted that the UAE’s focus on societal values aligns with
Peec’s mission to electrify and repurpose vehicles. Faizal added, "We want to represent the power
and value of circularity in a modern society through the shared transport vehicles of this country
that we will repurpose."
The meeting also covered technologies for converting older gasoline cars to electric ones. This
aligns with Peec's vision to support UAE initiatives aimed at reducing carbon emissions. The goal is
to increase electric and hybrid vehicles to 50% of all vehicles by 2050. Additionally, Peec
showcased its range of electric vehicles available locally at competitive prices.
Peec Mobility has been growing since its inception in 2020, backed by $12 million in investments.
The company offers electric vehicle options for both individuals and businesses in the local market.
This growth trajectory highlights their commitment to contributing significantly to sustainable
transportation solutions within the UAE.
The meeting highlighted how Peec Mobility aims to inspire global transformation through its
initiatives in the UAE. By focusing on repurposing shared transport vehicles, they hope other
countries will adopt similar practices. The collaboration between Peec Mobility and the UAE
government underscores a shared commitment to advancing sustainability goals.
https://www.onearabia.me/business/bin-touq-peec-mobility-uae-market-plans-011-81361.html