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Game-changer in the making: Shakeel Ahmad Meer proposes cutting-edge electric delivery bike with 500km range for UAE

06:42 PM | 19 Jun, 2023
Game-changer in the making: Shakeel Ahmad Meer proposes cutting-edge electric delivery bike with 500km range for UAE

DUBAI – British businessman Shakeel Ahmad Meer has unveiled an ambitious proposal to introduce a revolutionary electric delivery bike in the United Arab Emirates (UAE). The proposed bike aims to transform the last-mile delivery industry with its cutting-edge features and sustainable design.

Meer's vision for the electric delivery bike includes an impressive 500km range, making it a game-changer for efficient and environmentally friendly deliveries suited to the Middle Eastern market. 

The bike is set to incorporate advanced safety features, such as integrated GPS and navigation systems, ensuring seamless route planning and tracking for improved delivery efficiency and rider safety.

The proposal outlines the plan to establish a production facility with a capacity of 3,000 bikes per month, backed by an initial investment of $20 million. The project anticipates an estimated turnover of $50 million within a span of six months, once the bike is launched.

Meer said: “The potential market for electric delivery bikes in the UAE is significant, with approximately 15,000 existing delivery motorbikes and a growing demand for over 150,000 high-end, high-mileage electric bikes. Furthermore, the project envisions addressing the demand in the UK, Europe, the US, and Africa, with potential requirements exceeding 250,000 bikes in these regions.”

He added: “The proposal represents an exciting opportunity for investors to join a transformative venture with substantial global potential. The vision extends beyond the UAE, with plans to expand production to Saudi Arabia and the Mena region, aiming for a capacity of up to 10,000 bikes and an annual turnover of approximately $150 million. While the bike is yet to be launched in UAE, the proposal sets the stage for a game-changing innovation in the last-mile delivery industry. The vision for the electric delivery bike showcases our commitment to sustainable solutions and his drive to revolutionize business practices.”

The project's success hinges on attracting investors who share the vision and recognize the enormous market opportunities presented by the proposed electric delivery bike. As the proposal moves forward, Meer aims to secure the necessary support to turn his vision into reality, paving the way for a future of efficient and eco-friendly last-mile deliveries in the UAE and beyond.

Shakeel Ahmad Meer said the work has already begun on the project and it has generated a lot of interest.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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