News

Mercedes Concept EQG Electric G-Class Revealed In Munich

The popular G-Class is finally going electric.

Published

3 years ago

September 11, 2021

Joanna Melki

Mercedes-Benz

Just like most other car manufacturers, Mercedes-Benz is electrifying its product range, and the equally iconic and polarizing G-Class won’t be an exception. At the 2021 IAA Mobility show in Munich, the German car manufacturer showed its Concept EQG, an electrified version of the original “G-Class” that, at least according to Mercedes-Benz, refuses to compromise when it comes to off-road capabilities.

mercedes benz concept eqg side view

“A cross-country vehicle which has remained true to itself for more than 40 years ventures a step into the future,” states Mercedes-Benz on the retro futuristic Concept EQG web page. “The Concept EQG combines its iconic origin and uncompromising off-road capabilities with futuristic elements of the Mercedes-EQ world.”

mercedes benz concept eqg rear view

To promote the new car, Mercedes-Benz filmed an epic 70s space opera that explores the future of mobility, reminding us all that our present, with cars like the Concept EQG soon to be available for purchase, would like the future to people 50 years ago.

The Concept EQG has a striking two-tone paint job and an illuminated grille that reminds us of the Suzuki Jimny. Additional LED lights can be found on other sides of the vehicle as well, including an LED light bar at the front and a third brake light at the back.

mercedes benz concept eqg corner view

Mercedes-Benz hasn’t released much technical information yet, but we know that the Concept EQG has four electric motors mounted close to the wheels. The motors are mated to a shiftable two-speed gearbox, whose goal is to ensure that the car has enough off-roading capabilities to overcome even the trickiest obstacles.

Also Read: The Lamborghini Countach Is Back As A Hybrid

Since the current version of the electric G-Class is nearly ready for production, it’s unlikely to change dramatically before it rolls off the production line for the first time. Unfortunately, we don’t know when that will be, so we all have to patiently wait and hope it won’t be too far in the future.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

18 hours ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.