Jul 21

Tech Weekly: Ferraris and Rickshaws Ride the Electric Trend

Editorial Staff
Jun 17, 2022
tech weekly

Welcome to the Tech Weekly, NEO’s regular news monitoring of key developments in the food and mobility tech industries.

This week’s highlights:

  • Electric and hybrid models should account for 80 percent of Ferrari’s sales by 2030, the luxury car maker told investors Thursday, promising to produce “even more unique” cars as it makes the costly transition to zero-emissions driving. (CNBC)
  • Auto-rickshaws are one of the most popular and easily accessible modes of transport, usually for short trips (less than 5 km) to offices, markets and schools. It is also the cheapest way to get around India. The Delhi-based startup Oye is trying to cash in on this trend using a subscription-based e-rickshaw service Oye! Rickshaw. (Forbes)
  • Papa John’s in Atlanta has begun delivering individual pizza pies by drone to customers who live within a mile of the chain’s location. High-tech drop-offs, however, require more manpower than traditional deliveries. A pilot ties the pizza to a drone in the store’s parking lot, and another person waits at the customer’s house to lower the pie to the ground with a winch. Amazon, UPS, and Walmart are all also testing drone delivery. (New York Post)
  • British online fashion retailers ASOS and Boohoo warned Thursday that they are suffering from an increase in product returns as consumers struggle with inflation and shift to pre-pandemic behavior, which has jolted their stock. (Reuters)
  • eBay has announced the launch of eBay Live, a dedicated shopping platform that gives users the ability to buy products in a live and interactive environment. The new experience will launch in beta this month. The company’s first live trading event will offer a curated selection of rare trading cards from eBay seller Bleecker Trading. (Tech Crunch)
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