• The Sulmi EB-One is the first e-motorcycle to be designed and manufactured in the UAE. All photos: SRTIP
    The Sulmi EB-One is the first e-motorcycle to be designed and manufactured in the UAE. All photos: SRTIP
  • Sheikha Bodour Al Qasimi between Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, right, and Hussain Al Mahmoudi, chief executive of SRTIP
    Sheikha Bodour Al Qasimi between Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, right, and Hussain Al Mahmoudi, chief executive of SRTIP
  • The EB-One was developed at Sharjah's SoiLAB facility
    The EB-One was developed at Sharjah's SoiLAB facility
  • Early design sketches of the EB-One
    Early design sketches of the EB-One
  • The EB-One's digital instrument cluster
    The EB-One's digital instrument cluster
  • Sulmi's chief executive Rashid Al Salmi addresses the audience
    Sulmi's chief executive Rashid Al Salmi addresses the audience
  • Comfort was key in the EB-One's development
    Comfort was key in the EB-One's development

Sulmi EB-One: First e-motorbike created in the UAE hits the grit


Simon Wilgress-Pipe
  • English
  • Arabic

UAE start-up Sulmi has launched the sleek EB-One, the first e-motorbike entirely designed and built in the Emirates.

The high-performance electric offering was unveiled at a ceremony at the company’s headquarters before an audience of VIPs, officials and businessmen and women.

The new arrival has a top speed of 150kph and it can travel for 300km on a single charge.

It is powered by a 10.4kW battery than can be charged from 0 to 80 per cent in an hour.

Aside from the aerodynamic looks, the EB-One includes a digital instrument cluster, LED headlights and a USB charging port.

The EB-One's digital instrument cluster. Photo: SRTIP
The EB-One's digital instrument cluster. Photo: SRTIP

Sulmi, part of SRTIP, a Sharjah-based technology hub, hopes the bike will be a game-changer in the two-wheeled transport market, both in the UAE and farther afield.

Research and development for the e-bike took place at the Sharjah Open Innovation Lab, a government-backed initiative geared towards keeping the emirate at the forefront of technological development.

SRTIP says the unveiling marks a “major milestone for the UAE's sustainable transportation and mobility sector and a further step towards the country's clean energy goals in the run-up to Cop28”, which is taking place in Dubai in December.

The launch audience included SRTIP chairperson Sheikha Bodour Al Qasimi, as well as Omar Al Suwaidi, the Under-Secretary of the Ministry of Industry and Advanced Technology.

She said the hub was committed to empowering local start-ups such as Sulmi. “The launch of the EB-One is a proud moment for UAE entrepreneurship, creativity and innovation within the country’s sustainable transport vision.”

Exact pricing has yet to be announced, but Sulmi is taking advance orders for the EB-One now.

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
UK’s AI plan
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  • £250m to train new AI models
The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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Paatal Lok season two

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Updated: July 20, 2023, 12:02 PM