Oleg Firer Helps Move Country Towards Use of Electric Cars
Oleg Firer has long been known for his ability to stay at the cutting edge of technology. The Net Element’s Executive Chairman & CEO has built a career from his innovative work in the mobile payments space. Now, the CEO’s company has announced a merger that could have a profound effect on how we utilize another important piece of technology — automobiles. The new merger, to take place with Mullen Technologies, helps to illustrate how the business head is still working to leverage innovation to impact daily life. Read on for a look at that work and for a deeper exploration of how it has helped contribute to the entrepreneur’s success.
Early life
It would be difficult to discuss the career of Oleg Firer without also making mention of his life’s story. That’s because the story helps to set him apart as someone willing to work to overcome obstacles, whatever they may be.
Born in the city of Odessa, USSR, the entrepreneur refuged to New York with his family at a young age in search of a better life. Early in his upbringing, he understood that part of the pursuit of this life would involve education. In his case, enamored with the potential of the fledgling internet-based tech industry, that education would focus on computers. This path would eventually lead him to study computer science at the CUNY New York City College of Technology. He would also go on to study business management to help hone his abilities as a leader.
The entrepreneur would eventually turn his expertise in his field into a successful mobile payment venture — Unified Payments. Heralded as one of the fastest-growing companies in the industry, the company made news for the streamlined and efficient manner in which it delivered mobile payment solutions to customers. Eventually, the company was acquired by Net Element and the businessman was installed as its new CEO.
Group holdings
As evidenced by the above acquisition, part of Net Element’s strategy has been to create a group of holdings related to its position in payments and other areas of technology. In addition to the above merger with the businessman’s previous venture, the company has been proactive about seeking out other brands in the mobile payment space, such as Aptito, an all in one payment and POS solution for foodservice applications. The software is known not only for its payment technology but also its ability to incorporate digital menus and kiosks into an easy to use interface.
Another example of the company’s expansion into related areas is its holding of Netevia HQ. The technology represents a comprehensive back-office solution providing merchants with a complete view of every aspect of their business. With the software, merchants are able to run and integrate the many disparate areas of their back office in a single easy to use interface. The technology is also a leading solution for independent sales organizations to manage their entire office operation. It provides seamless merchant underwriting and boarding processes and equips organizations with a clear method for accomplishing merchant pricing, residuals calculation, and risk management modules. This can significantly reduce the day-to-day impact of this work and free staff resources for other important endeavors.
Merger with Mullen Technologies
The recently announced merger with Mullen Technologies, a producer of electric vehicles, represents another expansion of Net Element’s operations into a new area of tech. The merger typifies the CEO’s focus on seeking out opportunity wherever it presents and also ensuring his company is centered on the future. With the emerging importance of electric vehicles in light of climate change and evolving government regulations, the new merger makes sense for a company seeking a place at the forefront of new tech solutions.
The merger has many individuals in the space excited to see what Oleg Firer can bring to the new field. Still in its infancy in many ways, the development and manufacturer of electric vehicles holds plenty of potential for innovation. Though some companies have made a mark in the space, it’s debatable whether or not any one company has become the gold standard in the area. The brand vacuum created by this fact presents an opportunity for any company in the field to step up and make its mark as the leader in electric vehicles. Judging by past endeavors, it seems the Net Element CEO is angling for that sort of distinction.
Emerging tech
For its part, Mullen Technologies has already begun a significant push towards making its mark on the electric vehicle field. It has recently announced two eye-catching new releases that are causing people to take notice of its innovative design process. One of these vehicles, the Dragonfly K50, is a sleek electric-powered sports car characterized by flowing lines and sharp contours to make it fit in with other high-end vehicles in its category. The vehicle’s all-aluminum body frame and carbon-fiber panels help reduce the vehicle’s weight and allow it to make more efficient use of electricity on the road.
The other automobile slated for release by the company is known as the Mullen MX-05. The vehicle is a five-passenger all-electric SUV and boasts a 325-mile range with a 0 to 60 mph time of 3.2 seconds. These stats have caught the attention of many in the industry as the company has recently announced that it will begin development of its Monrovia, CA pre-production facility. This statement marks a significant step towards mass production of the vehicles and was accompanied by the announcement that the company will now be accepting preorders for the vehicles from interested customers.
Known for his expertise in internet technology and payment solutions, Oleg Firer has long established himself as a forward thinker in his field. That recognition has been underscored by not only his life story, but also his work as the Executive Chairman & CEO of Net Element. In that role, he has helped the company expand its operations and move into new technological spaces. The newest step along that journey has been the company’s recently announced merger with Mullen Technologies. With the latter company’s exciting news about its progress in the electric vehicle market, it’s clear that the businessman is once again focusing his efforts on using technology to help change the future.