Rinspeed Microsnap shrinks down for CES 2019

first_img Share your voice Concept Cars Electric Cars Auto Tech Rinspeed MicroSnap is a tiny, do-it-all electric pod Self-driving cars Last year at CES 2018, Rinspeed showed off its wild Snap concept, which blended autonomy with a hot-swappable “skateboard” platform. Rinspeed must have invented a shrink ray in the last year, because at CES 2019, it’s a fair bit smaller.Say hello to the Rinspeed MicroSnap, the latest concept from the wild minds behind the Swiss vehicle design house. Building on last year’s Snap, the MicroSnap shrinks the whole concept down to the size of a Renault Twizy, a European-market electric two-seater. Like its big-boy brethren, the MicroSnap’s platform is meant for fast swapping of the pods on top, which can be used to transport people or goods, depending on need.So why shrink it? Rinspeed says it’s to accommodate the explosion of online ordering, including fresh groceries. By making its concept small enough, the MicroSnap can focus on targeted deliveries that ensure fresh food arrives fresh. That idea works for human transportation, as well, offering direct routes without wasting time dealing with multiple parties.Enlarge ImageIt’s ready for both work and play, just not at the same time. Rinspeed “Customers increasingly want prompt deliveries and many passengers are unwilling to use shared taxis, which have to take time-consuming detours by design,” said Frank M. Rinderknecht, owner of Rinspeed, in a statement.Rinspeed never stops at the design stage with its concepts. The MicroSnap has been thought through from soup to nuts. It can display digital license plates, and the exterior lights use different colors to communicate different concepts to pedestrians. The human-transport pod can track a rider’s health and change the interior lights to improve the mood. There’s a 49-inch curved LED screen offering interaction for riders. There’s even an iris scanner to recognize occupants. It’s also 5G-capable, because of course it is.As you might expect, the Rinspeed MicroSnap is entirely electric. All the wear-and-tear components are relegated to the “skateboard” platform at the bottom, and Rinspeed says that they can be swapped in and out relatively quickly. As for the actual pod swapping itself, Rinspeed also create a robot assembly that uses articulating arms to remove and replace pods depending on what the concept needs to do next. It’s some real pie-in-the-sky stuff, but that’s what CES is all about. 2020 BMW M340i review: A dash of M makes everything better More From Roadshow 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Self-driving cars: Stay up to date on all the latest news in autonomy.CES 2019: Check out our favorite gadgets from the show in this constantly updating gallery. 0 Post a comment 41 Photos CES 2019 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Tagslast_img read more

RMZ waiting for clarity on dividend distribution tax before IPO

first_imgRMZ Corp, real estate developer and investor, would wait for signals from the government on dividend distribution tax (DDT) before finalising its initial public offering (IPO), a senior company executive said on Thursday.”We are looking for clarity on the dividend distribution tax and stamp duty in the (upcoming) Union Budget based on which we will decide on how and when to get listed,” the executive told IB Times Media on the condition of anonymity.”India is our first priority for listing and if it does not work out, we will look at Singapore,” he added.In India, dividend is tax-free at the hands of shareholders but the company that distributes dividend is liable to pay tax to the government. “This comprises DDT of 15 percent along with a surcharge of 12 percent and education cess of 3 percent (inclusive of surcharge). Provisions exist to remove the cascading effect of DDT in a holding company-subsidiary relationship,” according to a KPMG note.The Budget session of Parliament will begin from 23 February and end on 13 May, 2016. The railway budget will be presented on 25 February and the union budget on 29 February. The economic survey will presented on 26 February.Bengaluru-based RMZ hopes to close FY2016 with lease rentals of $200 million and is currently outperforming the market in terms of rentals.”Rentals are growing in the range of 5 percent to 7 percent every year overall, but we are growing at a rate of 10 percent to 12 percent,” the executive said, attributing it to “premier” locations of the company’s office properties and better asset management.The executive said further that the company would be investing about $500 million in the next 12 to 18 months to take its current 20 million sq ft office property portfolio to 80 million sq ft by 2021.Qatar Investment Authority (QIA) has an investment of about $300 million and Barings Private Equity Partners has invested about $100 million in RMZ Corp.RMZ Corp’s office properties are located in Bengaluru, Chennai, Pune, Mumbai and New Delhi.The company recently purchased Essar Group’s Equinox Business Park in Mumbai for about $360 million, according to a Business Standard.last_img read more