BOSTON, Feb 25, 2025 - (ACN Newswire) - Risetcar, a leading provider of autonomous electric transportation solutions, announced the official establishment of its wholly owned subsidiary (Risetcar Inc) on the West Coast of the United States, which will cover autonomous vehicle rentals in major cities on the West Coast. The company's business adjustments also include further deployment of autonomous vehicles in San Francisco and the opening of local car rental business, planning to fully promote the commercial application of autonomous driving technology.
"Our business model is not only to use smart cars as transportation, but also to build them into high-quality assets that can be profitable. We are very happy to see that this concept has been increasingly recognized in the market."
Risetcar's expansion is not limited to the US market. The company's wholly-owned subsidiary in Indonesia (PT Riset Teknologi Internet) has also launched road tests of self-driving taxis in Jakarta and has achieved remarkable results in the early promotion. Risetcar plans to increase its promotion efforts in the future so that it can launch a self-driving taxi service in 2026, aiming to provide innovative options for environmentally friendly transportation solutions in Jakarta. In addition, business plans in China and Singapore have also begun to be prepared.
Risetcar's robot taxi business will adopt a business model similar to Uber or Airbnb, solving travel problems and creating new sources of income by allowing car owners to rent out their vehicles and participate in revenue sharing. As a city facing severe traffic pollution and traffic congestion, Jakarta has become an ideal market for Risetcar's innovative solutions.
By promoting the commercial application of driverless technology worldwide, Risetcar continues to move towards its goal of becoming a global leader in smart travel.
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Topic: Press release summary
Source: Risetcar
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