Food trucks in the U.S. have taken many forms, but have long been a popular option for dining. Now as the coronavirus pandemic alters the way we interact and engage with others, these kitchens on wheels may have a new function, especially on college campuses.
Rod Keller, CEO of the electric vehicle manufacturer AYRO is jumping at the opportunity to capitalize on the niche industry in a partnership with Gallery Carts. The new collaboration will combine AYRO's expertise in developing electric vehicles with Gallery's expertise in creating food delivery vehicles.
"Colleges are faced with, 'Well how do we provide food and beverage while at the same time, avoiding the mass crowds that you would typically see inside of a cafeteria?'" Keller told Cheddar.
So far, more than $500,000 has been poured into the collaboration as orders for the vehicles continue to amass. Keller said he's confident that as universities and other large campuses seek safer ways to feed their communities amid the pandemic, the need for their services will grow.
AYRO is also banking on buyers in higher education considering the long-term savings electric vehicles can provide. Keller said its electric vehicles save fleet operators at least 50 percent on fuel and energy costs.
"When people are moving cargo from one side of a university to another, or business campus, or hotel and resort, you don't need a full-sized truck with 400 miles of range running on gasoline to do that," Keller said.
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
Stocks rallied for their biggest gain in nearly two years Wednesday as a sharp drop in oil prices eased fears that inflation was about to get worse around the globe.
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that has been available on the company’s upscale models for more than a year.
Cheddar's Michelle Castillo looks into the growth in cigar smoking that took place during the pandemic, and how supply chain woes have come to hurt this industry as well.
From doughnut shops to Christmas tree growers, small businesses are as unique as their founders. In this episode of The Deep End, Cheddar News examines how social media helped small businesses survive the coronavirus pandemic, how an e-bike company is solving the last mile solution, and how a cannabis speakeasy is preparing for legalization in New York.
Whether you like to admit it or not, we’ve all indulged in a bit of retail therapy. In this episode, Cheddar News is exploring the shopping sphere, from toy store giants mounting a brick and mortar come back to weed superstores. We’re taking a look at how e-commerce companies are helping entrepreneurs, and how one magical franchise is creating a flagship for muggles.
Frances Newton Stacy, Director of Strategy at Optimal Capital, breaks down how skyrocketing commodity prices are impacting markets and what the Fed should be doing in order to avoid stagflation.
