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.
Cheddar News visited the Amazon Fulfillment Center in Robbinsville, New Jersey and spoke to Amazon global communications director Rena Lunak to learn more about how its prepared for the supply chain crunch this holiday season.
Markets turned cautious again, erasing and early gain and ending lower as investors try to handicap how much the new coronavirus variant will impact the economy.
U.S. consumer confidence fell to a nine-month low in November, held back by rising worries about inflation and lingering concerns about the coronavirus.
Wall Street’s losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected.
The United Kingdom's antitrust watchdog has blocked Facebook's acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images.
A labor official is confirming a new union election for Amazon workers in Bessemer, Alabama based on objections to the first vote.
Now that COVID-19 vaccines are readily available, American Dream mall developer Paul Ghermezian and his team are hoping customers will look for that in-person holiday shopping experience that they missed throughout 2020.
Twitter says co-founder Jack Dorsey will step down as CEO of the social media platform.
The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
