eTukTuk Boosts Drivers’ Income by Up to 400% – What’s in it for Investors?
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
eTukTuk is a holistic EV (electric vehicles) ecosystem designed specifically for developing economies. In addition to three-wheeler taxis that run on electricity, it consists of a blockchain peer-to-peer payment system and a network of charging stations.
eTukTuk is being launched after an intense five-year period of research and development. It is reflected in the design, which features lower operational and maintenance costs, an AI guideline system, a roll-cage design, and LFP batteries, among others.
Made with around 200 components, the EV allows for local manufacturing, cutting down the initial cost of acquisition.
eTukTuk is predicted to set the stage for a transportation revolution in developing economies next year.
Really, with just three-wheeler taxis? It sounds too good to be true.
But eTukTuk’s vision has the potential to transform the public transportation system in countries like India, Sri Lanka, and South Africa.
Since most people in these countries can’t afford EV or even private vehicles for that matter, a broad approach that most EV brands take won’t work here.
This realization forced eTukTuk to target the Tuk-Tuk sector, which is notorious for its large carbon footprint that surpasses traditional cars. Tuk-Tuks have a large user base in developing economies due to the ease and convenience they provide to both drivers and passengers.
They offer comfortable private rides for short distances, and are an integral part of the city economies in developing nations.
That said, the statistics are not in favor of traditional Tuk-Tuks.
“270 million internal combustion engine (ICE) Tuk-Tuks and other two- and three-wheeler
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