Hybrid Electric Vehicles

Stop Worrying About Petrol, Introducing ‘Wheels’ Which Offers Hybrid Electric Vehicles At An Affordable Price

| < 1 minute read

  • Industry: Ecommerce
  • Funding: $87M
  • Investors: DBL Partners

Wheels is a shared electric mobility platform that’s designed to promote smart city projects around the world. Wheels lets you rent wheels (motor pods) for a day, a month, or even a year. They will take care of the maintenance and all other expenses related to it. If the motor pod stops working, you will find a new one parked just for you.

The company offers hybrid electric vehicles with a sleek design, swappable parts, batteries, built-in Bluetooth speakers, and many charging points so that you commute with ease and remain safe.

Wheels currently operates in six markets, including San Diego, Los Angeles, Atlanta, Chicago, Dallas, and Scottsdale, Ariz. The plan is to use the funding to deploy in additional markets throughout the U.S. and international markets.

The company is further looking to expand in some other countries, as per reports- by 2030, 40 percent of the market will be captured by electric vehicles. And tensions in the middle-east also allow leaders to think about the future, and electric vehicles are one of the best options to tackle global warming, war for oil, high import costs of oil, and many others.

 

 

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