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Shattering Barriers to Electric Cars

Touted as the answer to the smog producing internal combustion engine, electric vehicles have remained a niche vehicle for decades due to three barriers to mass popularity: price, range, and ease of charging.

cartoon demonstrating cars filling up their batteries at electric car charging stations
Gas stations could be easily converted into electric car chargers.

Car manufacturers have made significant strides in increasing range and bringing prices down. For example, the Nissan Leaf, the first modern all-electric, family automobile produced for the mass market by a major manufacturer (introduced in December 2010), had a range of 82 miles. In contrast, the 2017 Chevy Bolt EV has a range of 238 miles, and the price tag of around $30,000 (after the tax credit) makes it affordable for many people. The 2017 TESLA Model S touts a range of 210-315 miles, but with a price tag of $68,000 is unlikely to be the industry game changer.

The increased range works for daily commutes and in-town driving, however, easily charging for longer trips has continued to be a major stumbling block for the popular acceptance of electric cars. The need for new infrastructure to provide charging stations along the highways and byways requires significant investment. The public and investors face the ‘chicken or the egg’ dilemma. Without charging stations, the public is reluctant to purchase the cars. Without car purchases, investors are reluctant to put up charging stations.

Electric Cars Improve With New Batteries

New battery technology developed at Purdue University—an innovation to the flow battery—may solve the recharging problem. The Energy Storage Association defines a flow battery as “a type of rechargeable battery where rechargeability is provided by two chemical components dissolved in liquids contained within the system” and separated by a membrane. The Purdue team has figured out how to remove the membrane which reduces the cost and extends battery life.

Instead of refining petroleum, the refiners would reprocess spent electrolytes.

Moreover, this innovative battery can be recharged almost instantly.  At a recharging station, the spent electrolytes can be removed and fresh electrolytes added to the battery.

Converting Gas Stations into Recharging Stations

Even more importantly, it may be possible to use existing fossil fuel infrastructure in the refueling process. John Cushman, distinguished Purdue University professor and one of the research team leaders proposes this bold idea, “Instead of refining petroleum, the refiners would reprocess spent electrolytes and instead of dispensing gas, the fueling stations would dispense a water and ethanol or methanol solution as fluid electrolytes to power vehicles. It is believed that our technology could be nearly ‘drop-in’ ready for most of the underground piping system, rail, and truck delivery system, gas stations and refineries.”

Cushman and two other members of the Purdue research team have co-founded Ifbattery LLC to optimize and commercialize this instantly rechargeable battery that could change the future of electric and hybrid automobiles. This bold idea could have an immediate and significant effect on air quality and human health.

 

 

UberEATS: Food Tech Startup Claims Market Share

Eatonomist, a food-tech startup handled by Fitmeal Solutions Pvt. Ltd closed its doors after serving clients for three years. Eatonomist was established in November 2014 by Anisha Dhar and Nupur Khanna. The downfall of this food tech startup creates a bold concern among other companies who are struggling to keep up with the public’s demand. UberEATS is an on-demand food service.

Hungry Forever states Eatonomist provided gourmet meal delivery options to the offices and homes of their customers. While the Eatonomist website claims they will be back shortly, reports suggest Dhar hasn’t answered any questions to confirm the status of her company. Indeed, according to Dhar’s LinkedIn profile, she has now joined UberEATS.

What is UberEATS?

UberEATS is an on-demand food delivery app, which partners with more than 200 restaurants in any given major metropolitan area. The company’s app offers customers a wide selection of various local restaurants where they can choose their favorite menu items and have it delivered right to their door. UberEATS is on the rise globally and is now developing their presence across India.

Joining a startup should not be viewed as a short-term gig.

There’s still no apparent reason on why Dhar chose to move to UberEATS. According to Indian Webz, Eatonomist raised a confidential amount in seed funding from MCube Capital Advisors Pvt. Ltd. However, the company was unsuccessful in raising the needed follow-on funding, causing it to shut down.

A Rising Food-Tech Industry

Other food delivery startups like iTiffin, Zeppery, Frsh.com, Zuper Meal, MealHopper, and Bite Club also closed shop due to unsustainable business models.  Despite Eatonomist’s demise, there are other companies still striving to make a go of it, including Voolsy, Jolly Food Fellow, IdeaChakki and Petpooja. Investors are still finding opportunities in the food-tech industry, with the investment flow picking up since late last year.

Todd Horton, the Founder and CEO of KangoGift, said that “Joining a startup should not be viewed as a short-term gig. Building a company and building skills for your career may take longer than we think. While the pace of a startup is fast, the experiences that will benefit the rest of your career will take time.”

The closure of Eatonomist might provide a way for UberEATS to capture market share.

Bitcoin Grows Stronger Every Quarter, New Innovations

Once dismissed as a digital currency that would never take off, Bitcoin has proven the critics wrong and is quickly transforming traditional payment systems.

It’s set to shake up online payment systems.

Bitcoins are organized in “blocks” which process transactions in the digital world. The database infrastructure surrounding the transaction is called a “blockchain;” software that works as an account ledger on computers all over the world.

Blockchain software is becoming more popular with tech entrepreneurs and new businesses as a substitute to costly and complicated financial intermediaries. Leading international banks are also investing vast sums of money to explore how blockchain could cut costs and revolutionize their payment systems.

Financial experts state Bitcoin challenges traditional payment systems, and could eventually replace physical currencies. Indeed, it already exists in electronic wallets. But what are those?

Bitcoin Digital Wallets Make Payments Easier

Digital wallets are the new thing. They allow people to exchange Bitcoins between each other and make payments securely, directly, and if you choose, anonymously. It’s set to shake up online payment systems including PayPal. Paypal and other transaction apps are often linked to your bank account, which accrues charges for each transaction. Bitcoin is separate, independent, and not linked to banks.Bitcoin is the most popular digital currency.

Bitcoins can be purchased like any other product online, through brokers and trading exchanges. In some countries, ATMs allow customers to upload digital currency directly to their electronic wallets.

Bitcoin has become so popular that large corporations including Bloomberg, Dell and Microsoft now accept it. Indeed, this exchange can work out at a better trading value than traditional currency. There is also a large selection of online stores that accept the digital currency. Be careful though; there are no real protections or regulations surrounding payments and transactions.

The Securities and Exchanges Commission (SEC) is currently reviewing an exchange-traded fund (ETF) of the Winklevoss brothers. If this is given the nod,  it will be the first Bitcoin investment vehicle to be approved by the federal regulatory body. This means it will eventually feature safer laws, rules, and protections for everyone.

Google Needs a Hand for VR Arm

Google is taking another trip into the virtual reality (VR) world after acquiring one of the world’s leading VR-focused studio laboratories, Owlchemy Labs.

Google VR is adapting to new trends.

Owlchemy has a history of releasing some of the best VR games for multiple platforms, including Job Simulator and Rick and Morty: Virtual Rick-ality. They will continue creating market leading games under Google’s ownership.

According to The Verge, Owlchemy co-founder Alex Schwartz said: “We have a slate of original games that are in the production and prototyping phase. We’re very excited to continue to do that with the support of Google behind us.”

This isn’t the first-time Google has ventured into the VR market. In 2015, they acquired Tilt Brush studio Skillman & Hackett.

Owlchemy is renowned in the industry for developing games that mimic using real hands through full-motion hand tracking. According to industry insiders, the reason for acquiring their latest venture is to tap into an area where their current Daydream platform —a remote with limited motion controls— does not go.

“We have a pretty big vision for virtual and augmented reality”, Relja Markovic, Google’s VR and AR engineering director, said. “Daydream’s a great product — I love my Daydream. But there will be many, many things that come after that. I don’t think we’re done exploring how you interact with controls in your hand.”

Production of a Google VR Hand and Other Games

Sources say that Google is working on advanced projects that Daydream could use a hand with, quite literally. Although some elements of their current working process are useful, their latest acquisition can push the bar even further.

We have a pretty big vision for virtual and augmented reality.

According to The Verge, Owlchemy will keep engaging with the larger VR development community, sharing knowledge and best practices — as well as potentially contributing to Google’s experimental Daydream Labs program.

“Owlchemy was one of the first studios to work with the initial Oculus Rift development kit in 2013, and Job Simulator was a launch title for the PlayStation VR, HTC Vive, and Oculus Touch motion controllers. In the small and new world of VR gaming, it is one of the industry’s major success stories; Job Simulator passed $3 million in sales at the start of 2017,” The Verge writes.

Google is taking a bold step by investing money in its VR arm, which contrasts with other industry leaders like Facebook who recently closed their VR studios to fund external projects. VR is taking off in a big way and as long as organizations like Google invest in developing the sector and improving the processes, better technology and end products will come to market.

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