Il nuovo taxi elettrico Miner, presentato a Torino, porterà 920 posti di lavori

January 13, 2023
The manufacturer Etioca, soon to be listed on Nasdaq, has a five-year growth plan that will affect the Piedmont region.

Etioca Holding, an international company based in Gibraltar and founded by Mark Ishakov and Roberto Fiorello, started its world tour of on-the-road presentations of the Miner electric taxi in Piazza Castello in Turin. The realisation of this prototype was made possible after more than five years of studying the needs and characteristics of the sector and smart urban mobility, thanks to an initial investment of USD 400 million and the support of Gibraltar's Ministry of Economic Development. The company now has as its next target Nasdaq listing.

The Miner prototype is being built in the Turin metropolitan area, at Carrozzeria Coggiola in Orbassano recently acquired by the Etioca Group. It is scheduled to go into series production in 2024, and more than 90,000 vehicles have already been preordered by Israeli, Spanish and Latvian public bodies and by private Italian entities. Etioca's business model does not provide for the sale of the vehicle but for concessionary use to licensed taxi drivers: against payment to the company of a fee linked to the actual distance traveled during the course of one's profession, one will also be entitled to a daily electric recharge, daily washing of the vehicle, insurance, and routine and extraordinary maintenance.

Miner will be able to accommodate 7 passengers and is also equipped to transport people with disabilities for whom no assistance will be required, unless requested, thanks to the installation of an automatic lifting platform. It is 100% electrically powered and supported by batteries with ultra-fast recharge time. It will be able to be used not only as a cab but also as a medical vehicle, for defense and public order services, as a work vehicle or for delivery and home delivery activities.

Right now Etioca's management is working to permanently organize its production in Italy. Roberto Fiorello, Co-CEO of the group, said, "We have a number of alternatives in Piedmont and Emilia Romagna, we are choosing the most suitable site to accommodate a production that will start with 10,000 vehicles in 2024, reaching 45,000 vehicles in 2025 and 100,000 units per year in 2027".

Given the expected volumes, the company is also planning to employ 920 new workers at the pilot plant in Orbassano over the next five years, both in production and in design and engineering. A potentially still growing employment spillover in the territory given that the production of the Miner electric cab in Piedmont would certainly go on to involve other realities in the automotive sector, with plans for the future construction of a gigafactory to produce vehicles on a large scale. To meet this production effort, Etioca's financial goal is to exceed $1 billion in investment raised over the next three years.

Andrea Tronzano, Regional Councillor for the Development of Productive Activities, said, "It is an innovative urban mobility initiative that Etioca brings together environmental sustainability, the enhancement of Piedmont's historic companies, such as the Coggiola body shop in Orbassano, and the creation of jobs for the benefit of a sector that is evolving. Piedmont must increasingly be a place where industrial development and innovation can travel hand in hand while becoming both attractive and inclusive for new opportunities".

Mark Ishakov, Co-Founder of Etioca, concluded, "We want to drive cultural and social change toward sustainable mobility, offering solutions that protect the environment and increase the quality of life for future generations. The Etioca ecosystem has the foundation to lead the transition to electric mobility serving the urban communities of the future that aim to reduce emissions and traffic in cities, by introducing sustainable, functional and shared vehicles".


Luca Coppolella
Head of Content


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