24-year-old Zach Faizal unveils UAE’s first home-grown petrol-to-electric repurposed vehicle
Zach promises to deliver repurposed car at almost half cost of new EV
Abu Dhabi: In a major breakthrough on the sidelines of COP28, Dubai-based start-up Peec Mobility is set to debut the UAE's first home-grown petrol-to-electric repurposed vehicle. Founded by 24-year-old entrepreneur Zach Faizal in 2022, Peec Mobility's innovative technology promises to play a pivotal role in reducing carbon emissions on UAE roads and aligning with the nation's Net-Zero goals.
The technology developed by Peec Mobility is a cost-effective alternative to mass scrapping of existing internal combustion engine (ICE) vehicle fleets. By repurposing retired petrol vehicles while retaining their body and chassis, the start-up aims to transform them into electric vehicles with a 30% lower cost and an 80% reduction in manufacturing time compared to producing new electric vehicles.
Zach Faizal, the visionary behind Peec Mobility, envisions this technology as a game-changer for the Middle East region. He emphasizes that re-engineering offers a quicker, smoother, and greener transition to electric mobility than purchasing new electric vehicles. Faizal's promise is to deliver repurposed cars at nearly half the cost of new electric vehicles, making them more accessible to a wider audience.
“Today, re-engineering is quicker, smoother and greener than buying new EVs, and proves cost-efficient,” said Zach Faizal, who promises to deliver a repurposed car at almost half the cost of a new EV. “For instance, an average electric car on the market is priced at around $52,000. Peec’s vehicles are aimed to be priced at 30 per cent to 50 per cent lower with the volumes we’re looking at. Thus solving the affordability challenge in the sector,” Zach Faizal was quoted as saying by Khaleej Times.
Peec Mobility's focus extends beyond individual cars, with an ambitious plan to repurpose entire fleets of ICE buses, cars, and trucks on UAE roads. Zach Faizal believes in the efficacy of reusing existing vehicles, emphasizing that "waste is minimized, and a new life cycle begins."
The start-up's first line-up of reinvented mid-sized sedans and buses, featuring a smart paint job, Flyknit-style upholstery, and retrofitted home-designed electric engines, will be unveiled at the ongoing UN Climate Change Conference.
Zach Faizal aims to collaborate with the government to implement this conversion at scale and create a replicable model from the UAE to the world. Zach Faizal aspires to support the UAE Net Zero goal by reducing 23% of emissions from the transportation sector by 2030. He proposes implementing a policy to repurpose just 5.0% of existing vehicles on the road every year for the next seven years.
Peec Mobility's plan is not limited to the UAE; Zach Faizal envisions taking the conversion model to other countries, redefining the used-car market globally. Recognizing that setting up local ReFactories is a key strategy to reduce capital expenditure in the short term, Zach Faizal believes it is crucial to invest less in the capex of vehicles until 2030. The goal is to prioritize building a robust charging infrastructure globally, paving the way for heavy manufacturing plants and gigafactories in the future.
“Conversion is the most pragmatic route to Net-Zero. One we can succeed with our business strategy here, we will take it to other countries to redefine the used-car market,” said Zach Faizal.
As of now, Peec Mobility is on track to unveil at least 500 repurposed EVs operating on Dubai roads by 2024.
“The number one limiting factor to electric vehicle adoption is the lack of charging infrastructure, not the vehicles themselves. Our strategy and goal is to work with governments and bring awareness of the idea, until 2030, of investing less in the capex of the vehicles (repurpose them) and invest the bigger amount in charging infrastructure. And once by 2030, we have a robust charging infra globally, we can move into heavy manufacturing plants and gigafactories.” He further added.
Zach Faizal is the son of Faizal Kottikollon and Shabana Faizal, a well-known Indian entrepreneur couple based in the UAE. The couple is not only known for their business endeavors but also for their philanthropic contributions.
Shabana hails from Mangaluru in the Karnataka state of India. She is the only daughter of prominent businessman and socio-religious leader Late B Ahmed Haji Mohiudeen who founded the prestigious BA Group of Businesses in Thumbay near Mangaluru.
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Brittas urges Parliament resolution on Iran conflict, recalls Vajpayee-era Iraq war motion
New Delhi (PTI): CPI(M) MP John Brittas on Tuesday cited Parliament's 2003 unanimous resolution under then prime minister Atal Bihari Vajpayee condemning the Iraq war, to urge the government to move a similar motion on the Iran conflict.
Speaking in the Rajya Sabha during zero hour, Brittas called for a "united and unanimous voice" of Parliament against what he described as unilateral and illegal wars by the US and Israel on Iran, saying India should not remain silent.
Referring to Prime Minister Narendra Modi's address in the Lok Sabha on Monday, he said key economic concerns and diaspora issues were raised but there was no reference to the broader conflict, which he said warranted a clear position from India.
"What was missing was the silence on this unilateral, immoral, illegal war that has been unleashed by the United States and Israel," he said.
The Prime Minister, he said, called for a unanimous and united voice from the Parliament.
Addressing chairman C P Radhakrishnan who was a member of the Lok Sabha in 2003, he said at that time, both the Houses of Parliament when Atal Bihari Vajpayee was the Prime Minister, passed joint, unanimous resolution condemning the war against Iraq by the United States.
"I wish that Indian Parliament, as the Prime Minister said, should express unanimously a united voice," he said. "Let the government bring a resolution which should be passed by both the Houses."
Brittas said India has termed the attacks on Gulf countries by Iran as egregious.
"But what about the genesis of this crisis?" he asked. "I wish that the government does not go by the advice of (Congress leader) Shashi Tharoor who said that silence is statecraft. I wish that they should be guided by the advice from (Congress president) Mallikarjun Kharge not from Shahi Tharoor."
Kharge has repeatedly demanded an immediate short-duration discussion on the Iran war and its fallout on India.
"I wish that India, being a leader of the non-alignment nations, should feel that silence is not a solution. We have to make sure that our voice is heard. And it is not only for the selfish interest of the nation but for the interest of the larger humanity. So I call on the government to come with a resolution," Brittas said.
He also flagged concerns over Indians affected by the situation, including around 700 seafarers stranded in the Strait of Hormuz, and urged the government to put in place a mechanism to facilitate communication with their families.
Brittas sought a rehabilitation package for Gulf returnees, highlighting the scale of remittances to India and their importance to Kerala's economy.
Kerala gets almost Rs 2.2 lakh crore - one third of the state's gross domestic product - in remittances, he said.
Prime Minister Modi in his address in Lok Sabha on Monday talked about economic fall out of the war in Iran, disruptions in supply chain, impact on daily lives of people, serious situation on the LPG front and the condition of the Indian diaspora but was silent on military strikes launched by the US and Israel on Iran on February 28, which triggered a wider conflict in the region.
