Zach Faizal's Peec Mobility, BEEAH, SRTIP forge partnership for sustainable mobility in Sharjah
In a groundbreaking move toward sustainable transportation, BEEAH has officially entered into a strategic partnership with Peec Mobility and the Sharjah Research, Technology and Innovation Park (SRTIP). The collaboration aims to revolutionize local electric vehicle production by repurposing end-of-life petrol vehicles, fostering recycling practices to support a circular economy, and driving research and skill development in the burgeoning field of sustainable mobility.
The partnership agreement, signed at the BEEAH Headquarters, saw the participation of key figures, including Her Excellency Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah and Chairperson of SRTIP; Khaled Al Huraimel, Group CEO of BEEAH; Zach Faizal, Founder of Peec Mobility; and HE Hussain Al Mahmoudi, CEO of SRTIP.
Zach Faizal's brainchild, Peec Mobility, has been at the forefront of innovation since its inception in 2022. The Dubai-based startup specializes in the repurposing of retired petrol vehicles, seamlessly transforming them into electric vehicles with a remarkable 30% cost reduction and an 80% decrease in manufacturing time compared to the production of new electric vehicles.
Faizal, a 24-year-old entrepreneur, envisions Peec Mobility's technology as a game-changer for the region. He emphasizes that their re-engineering process offers a more cost-effective, quicker, and environmentally friendly transition to electric mobility than investing in entirely new electric vehicles.
"Today, re-engineering is quicker, smoother, and greener than buying new EVs, and proves cost-efficient," Faizal stated during the announcement. "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," he added.
Peec Mobility's focus extends beyond individual cars, with ambitious plans to repurpose entire fleets of ICE buses, cars, and trucks on UAE roads. Faizal believes in the efficacy of reusing existing vehicles, stating that "waste is minimized, and a new life cycle begins."
The partnership seeks to support Sharjah’s transition to sustainable mobility while minimizing the environmental impact of the production and repurposing processes. The overarching goal is to contribute to national and global objectives for zero-waste, circularity, sustainable transport, and decarbonization.
Zach Faizal expressed his commitment to the cause, stating, "Conversion is the most pragmatic route to Net-Zero. Once we succeed with our business strategy here, we will take it to other countries to redefine the used-car market."
As part of the collaboration, Peec Mobility and its partners plan to unveil the first lineup of repurposed mid-sized sedans and buses at the UN Climate Change Conference, showcasing the innovative technology and commitment to sustainable practices.
With the support of the government, Peec Mobility aims to implement the conversion at scale, creating a replicable model not only for the UAE but potentially for other countries. Faizal proposes a policy to repurpose 5.0% of existing vehicles on the road annually for the next seven years, aligning with the UAE's Net Zero goal.
As of now, Peec Mobility is on track to introduce at least 500 repurposed EVs on Dubai roads by 2024, offering a tangible solution to the affordability challenge associated with electric vehicles.
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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US President Biden assures peaceful transfer of power in January
Washington, Nov 7: Outgoing US President Joe Biden on Thursday vowed to ensure a peaceful and orderly transfer of power to President-elect Donald Trump in January and appealed to the people to accept the election results for the White House.
Biden made the comments during an address to the nation a day after Trump, 78, was re-elected as the 47th president of the US after defeating Vice President Kamala Harris, the Democratic Party's nominee.
Biden said he spoke with Trump and also with Vice President Harris, who he said ran an inspiring campaign.
Trump, who had lost the 2020 elections to President Biden, won this time both in terms of popular votes and electoral college votes.
“Yesterday, I spoke with President-elect Trump to congratulate him on his victory. I assured him that I would direct my entire administration to work with his team to ensure a peaceful and orderly transition," Biden said in his address from the Rose Garden of the White House.
"That's what the American people deserve,” he added.
"For over 200 years, America has carried on the greatest experiment in self-government in the history of the world," he said, adding that the people vote and choose their leaders and do it peacefully.
"In a democracy, the will of the people always prevails," said Biden in his address attended by members of his Cabinet and senior administration officials.
Biden said he hoped the election could also lay to rest the question about the integrity of the American electoral system.
“It is honest, it is fair, and it is transparent. It can be trusted, win or lose. I also hope we can restore the respect for all our election workers who busted their necks and took risks at the outset,” he said.
“As they did their duty as citizens, I will do my duty as president. I'll fulfill my oath and I will honour the Constitution. On January 20th, we'll have a peaceful transfer of power here in America,” Biden said.
Rebutting criticism of his economic policy, Biden said his administration is leaving behind the strongest economy in the world.
Biden said he also spoke with Vice President Harris.
"She's been a partner and a public servant. She ran an inspiring campaign, and everyone got to see something that I learned early on to respect so much: her character... She has great character, true character,” he said.
Biden added that Harris -- who took after Biden withdrew in July-- gave her "whole heart and effort" to her presidential campaign.
"I know for some people, it's a time for victory, to state the obvious. For others, it's a time of loss," he said.
Adding that campaigns are contests of competing visions and the country chooses one or the other, Biden said, "We accept the choice the country made."
"You can't love your country only when you win. You can't love your neighbour only when you agree,” Biden said.
His remarks are seen as an attempt to heal a country that appeared divided into two groups after the results of the bitterly contested presidential election were out.
"I know people are still hurting, but things are changing rapidly. Together, we've changed America for the better. Now we have 74 days to finish our term. Let's make every day count. That's the responsibility we have to the American people,” he said.
Noting that setbacks are unavoidable, he said that giving up is "unforgivable".
"We all get knocked down. But the measure of our character, as my dad would say, is how quickly we get back up. Remember, a defeat does not mean we are defeated. We lost this battle. The America of your dreams is calling for you to get back up,” he said.
“That's the story of America for over 240 years and counting. It's a story for all of us, not just some of us," he said, adding that the American experiment endures.
"We're going to be okay, but we need to stay engaged. We need to keep going. Above all, we need to keep the faith,” Biden said.
