News

Wisdom Motor Brings First Zero-Emission Bus To GCC

The company is supporting the Abu Dhabi International Transport Centre’s Green Bus Assessment program that forms part of the UAE’s sustainability agenda.

Published

1 year ago

November 30, 2023

Nour Nasir

Wisdom Motor

Wisdom Motor, a Chinese technology company that designs zero-emission commercial vehicles, has announced a cooperation with the Integrated Transport Centre (ITC) in Abu Dhabi.

The partnership aims to provide new green mobility solutions, the first of which, a 12-meter Hydrogen City Bus, uses fuel cells to achieve a range of 500 km, while reducing CO2 by 105 kg per 100 km of travel.

Mr. Cliff Zhang, Chairman of the board of directors of Wisdom Motor, commented: “We are proud to partner with the ITC to bring our cutting-edge technology and customized hydrogen-powered vehicles to Abu Dhabi. This cooperation not only reinforces the quality and competitiveness of Wisdom Motor but is also a significant milestone for our company in entering the GCC market”.

So far, Wisdom Motor’s zero-emission commercial vehicles have achieved several milestones and continue to expand globally. The company builds its highly customizable vehicles at a production hub of over 480,000 sq m in Fujian, China.

Wisdom Motor aims to disrupt the competitive commercial sector with short turnarounds and custom engineering, including state-of-the-art monocoque structures and in-house-made composite materials. So far, the company has won contracts in the UK, Germany, France, the Nordics, Australia, Japan and Korea.

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Near its headquarters in Hong Kong, a fleet of Wisdom Motor tri-axle, hydrogen-powered double-decker buses are already in service, acting as proof-of-concept for long-distance commercial transportation using hydrogen.

Hydrogen offers several advantages over conventional fuels: It is lightweight, nearly three times the energy density of diesel per unit of mass, and produces zero emissions. In each operating market, Wisdom Motor works with partners to develop the infrastructure needed to make hydrogen fuel a viable solution.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

18 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

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Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.