Technology

Airlift signs MoU with Ministry of Science and Technology to bring electric vehicles to Pakistan

Airlift, a ride-hailing startup that connects passengers with buses on fixed-rate, signed an MoU with the Ministry of Science and Technology to introduce electric vehicles in the country. The news comes weeks after Airlift raised 12 million in Series A funding. That round was led by  First Round Capital (a venture known for previously funding Uber), Fatima Group and Gobi Partners, and Indus Valley Capital also funded Airlift again in this round through Fatima Gobi Ventures joint fund.

Under the MoU, the company will be introducing battery-powered buses in the country in the coming future. Given the recent smog situation in Lahore and the climate change affecting the whole country, this initiative is a step towards introducing sustainable means of transportation that will not only help our environment but also likely decrease the cost of commute within the country.

Currently, Airlift is offering its services in Lahore and Karachi whereas other metropolitan cities will also be targeted soon as part of their expansion plan. During their first press conference, Syed Mehr Haider who is the Executive Director of Airlift said:

The company will become pioneers of ‘battery buses’ for Pakistan’s public transport system. Every Airlift bus on the road is a replacement for ten regular cars.

During the press conference, Minister for Science and Technology Fawad Chaudhary stated that the government is planning to earn approximately Rs. 10 billion through the use of green technology in the coming few years. He praised the Airlift team for their idea stating:

These youngsters have pursued this entrepreneurship idea and have managed to raise funding for it. I always tell young people to focus more on entrepreneurship than seeking jobs.

Airlift provides users with the option to ditch public transport in favor of air-conditioned buses and the idea seems to be quite a hit in the cities where Airlift is currently operating, despite on a smaller scale.

Sponsored
Shaheryar Ehsan

Content Team Lead. Blogger, Content Developer, Social Media, and SEO Expert. Reach out: shaheryar.ehsan@techjuice.pk

Share
Published by
Shaheryar Ehsan
Tags: airlifttop

Recent Posts

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

10 hours ago

WhatsApp Trials Group Chat Mentions in the Latest Status Update Feature

WhatsApp is rolling out a new feature in its latest Android beta version, allowing users…

10 hours ago

PTA Chairman Confirms No Orders for Mobile Service Shutdown

ISLAMABAD: Chairman of the Pakistan Telecommunication Authority (PTA), Major General (retd) Hafeez-ur-Rehman, confirmed that no…

11 hours ago

35,000 Students to Receive Free Laptops Under Punjab Government Scheme

Punjab Chief Minister Maryam Nawaz Sharif has announced the launch of a new initiative aimed…

12 hours ago

Meta Introduces New Features to Messenger: AI Backgrounds, HD Video Calls, and More

Meta has unveiled a set of new features for Facebook Messenger, designed to improve call…

13 hours ago

PTA Seeks Stakeholder Input on VPN Registration

Islamabad (21st November 2024): PTA hosted a stakeholder consultation on VPN registration, with key participants…

14 hours ago