Welcome to our dedicated page for Warpspeed Taxi news (Ticker: WRPT), a resource for investors and traders seeking the latest updates and insights on Warpspeed Taxi stock.
The news archive for WarpSpeed Taxi Inc. (WRPT) captures the evolution of a company that began by developing an all-in-one ride-hailing, food delivery, and courier application and later underwent a corporate transformation into Ulixe Corp. News releases describe how WarpSpeed Taxi positioned its "WarpSpeedTaxi" app as a white-label platform intended for joint venture partnerships with local entrepreneurs, with early beta testing in Ahmedabad, India under the "Tezi Taxi" brand.
Earlier news items focus on product and model details, including the introduction of the SMART SHARING feature, which the company said would allow riders heading in the same direction to share a taxi and reduce costs. Other releases outline a joint venture-based expansion strategy, licensing agreements, and plans for launches in specific markets, as well as corporate communications arrangements.
Later, a June 26, 2024 press release marks a shift in focus with the announcement of an agreement to collaborate with NextFind.AI. That joint venture is described as targeting artificial intelligence and machine learning technologies, particularly tools for identifying economic mineralization on exploration properties and applications to aid medical patient care. The release details how NextFind AI’s anomaly detection platform uses satellite imagery, historical archives, and exploration data to identify potential mineral deposits.
Subsequent SEC filings, also accessible from this news context, report on the company’s redomestication and name change to Ulixe Corp., the change of its trading symbol from WRPT to ULIX, and an acquisition transaction involving Ulixe Italy, which operates an IT consulting and services business in Europe. Together, these items provide a record of material agreements, strategic shifts, and corporate actions relevant to the historical WRPT ticker.
WarpSpeed Taxi (WRPT) announced a joint venture with NextFind AI, focusing on AI and machine learning technologies for global mineral exploration and medical patient care. The collaboration aims to create a comprehensive database for exploration targets using advanced anomaly detection algorithms, leveraging satellite imagery, historical archives, and exploration data. This innovative approach is expected to significantly reduce exploration time and costs. WRPT will issue 15 million shares, valued at $7.5 million, to NextFind AI's principals as part of the agreement, pending a due diligence review and definitive agreement execution. Additionally, WRPT will rebrand as NextFind.AI.
WarpSpeed Taxi (WRPT) announced the commencement of the 3rd round of beta testing for its application in Ahmedabad, India, branded as Tezi Taxi. The company aims for rapid global expansion, leveraging local partnerships to customize its software for various markets. With a focus on local branding, WarpSpeed Taxi retains 50% ownership in ventures while charging a 2.5% licensing fee on gross revenues. The model minimizes overhead and dilution risk, making it attractive for investors. The company aims to expand into 90% of global markets within 36 months, supported by operational teams in each region.
WarpSpeed Taxi Inc. (OTC Pink: WRPT) introduces SMART SHARING, a new ride-sharing feature aimed at addressing the driver shortage caused by rising gas prices. This service allows two passengers heading in the same direction to share a taxi, offering a cost-effective alternative to traditional ride-hailing services like Uber and Lyft. Currently in Beta Testing, the feature promises to enhance ride efficiency while promoting environmental sustainability. CEO Daniel Okelo emphasizes the initiative’s potential to alleviate traffic congestion and serve the community better.
WarpSpeed Taxi Inc. (OTC Pink: WRPT) recently announced a joint venture with a U.S. partner to launch ride-hailing and delivery services using its proprietary software platform. The partner will invest $1 million to secure 50% ownership in the venture, set to launch in October 2022 in Nevada, with plans to expand by December. The Company is also beta testing its platform in India, targeting a global expansion strategy without diluting investor shares. WarpSpeed aims to provide a cost-effective model for drivers and enhance shareholder profits through local partnerships.
WarpSpeed Taxi (OTC Pink: WRPT) has signed a licensing agreement to establish its U.S. operations through a joint venture. The U.S. partner will contribute $1 million by December 31, 2022, in exchange for 50% ownership and access to WarpSpeed's software. The company will earn a 2.5% licensing fee on gross revenues, alongside a monthly fee of $5,000 or 2.5% of sales. Initial operations are set to launch in Nevada by October 2022, with plans to expand to more states shortly thereafter.
WarpSpeed Taxi Inc. (OTC Pink: WRPT) is making strides in the ride-hailing and delivery market with a new all-in-one software solution. In a recent interview, CEO Travis Crane discussed their ambitious five-year plan for global market penetration, starting with India and Kenya. The app combines ride-sharing with food and grocery delivery, aiming to reduce high fees faced by restaurants. Currently in beta testing, the app is set for a full-scale launch after resolving user experience issues. The company also plans to uplist to OTCQB and expand into the US market in 2022.
WarpSpeed Taxi Inc (OTC Pink: WRPT) announced its ambitious 5-year plan to disrupt the global Ride Hailing & Delivery markets. The company aims to establish 185-205 Joint Ventures (JVs) with local entrepreneurs across 205 countries, targeting a market share of 11.5%. Each JV will leverage WarpSpeed's customizable software and will yield 2.5% gross revenue plus a $5,000 management fee. Initial revenue projections estimate $57 million over five years, with net revenues anticipated at $44 million. The strategy capitalizes on low entry costs for partners and focuses on non-English-speaking markets.
WarpSpeed Taxi (OTC Pink: WRPT) has launched its innovative ride-hailing and delivery platform. The CEO's letter highlights a non-capital-intensive expansion strategy through local partnerships, allowing for rapid global growth. The company is currently beta testing in Ahmedabad, India, with plans to expand across the country and into additional markets. WarpSpeed Taxi retains 50% ownership in local ventures, generating revenue without diluting shareholder value. The platform is designed for quick adaptation to local markets, addressing consumer preferences for local branding.
WarpSpeed Taxi Inc. (OTC Pink: WRPT) has engaged EDM Media to provide comprehensive corporate communications services, effective February 1, 2022, for an initial period of three months. Services include brand management, social media content, marketing, and video production. CEO Daniel Okelo expressed optimism, highlighting the importance of increasing the company's visibility to benefit shareholders. WarpSpeed aims to revolutionize ride-hailing and food delivery through its innovative application, facilitating seamless connections between drivers and passengers.