Saudi startup Wasel Lee secures $133,000 seed round

Updated 17 March 2018
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Saudi startup Wasel Lee secures $133,000 seed round

Saudi-based logistics platform Wasel Lee has announced a $133,000 Series A round of funding, led by three individual investors. The platform, which is one of the projects incubated by the Badir Program for Technology Incubators and Accelerators at the Abha incubator, plans to use the funds to introduce new products and features, and further develop its technology and grow its team in the southern region of Jizan.
Founded in 2017, Wasel Lee helps users to request food supplies, special services, daily supplies, mail receipts and other services that can be delivered as per the convenience of the user.
Imad Murad, founder and partner of Wassel Lee, said: “The platform offers a wide range of services and products to individuals and companies through a mobile phone application. It has a wide and growing network of partners in the fields of food provisions, finance, real estate, medical supplies and bookings.”
He added: “The growth of the platform over the past year has backed our intention to start new investment rounds and provide a larger capital to expand these services and open up new markets in order to make this platform accessible to a larger segment of customers.”
Wasel Lee is an interactive electronic platform that provides logistical support and products, services and information, services for productive families, logistics and real estate special services, daily necessities and medical reservations, marketing and advertising of goods and shipping services and other resources for users of this application in the Kingdom.


Land Rover, Terry Grant smash world record

Stunt driver Terry Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb.
Updated 19 July 2018
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Land Rover, Terry Grant smash world record

Land Rover and international stunt driver Terry Grant smashed a world record at this week’s Goodwood Festival of Speed, with a two-wheel speed run in the new Range Rover Sport SVR. Grant’s 2:24.5 run up the famous hillclimb broke Grant’s old record for a mile traveled in a car on two wheels, set in 2011, by more than 30 seconds.
Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb as he set the new Guinness World Record time.
Grant snatched the record in a dramatic last gasp attempt on Sunday afternoon, having attempted four runs earlier in the weekend, none of which Grant managed to complete.
The Range Rover Sport SVR is a 575hp performance SUV, capable of 0-60mph in 4.3 seconds and a top speed of 174mph — with four wheels on the road, at least. The Range Rover Sport only required one modification for the world record run, a tweak to its differential to allow the car to deliver more power to the two wheels on the ground — both of which were pumped up to 90PSI.
Grant is a multiple world-record holder, with 25 Guinness World Records already to his name, and with this latest record, Grant has bested a 2:55 run that he himself set at Goodwood in 2011.
Stunt driver Grant said: “It really shouldn’t be underestimated how difficult a two-wheeled speed run like this is; you are always fighting to keep the car balanced right on the edge, as it tries to tip either one way or the other. You need to be conscious of everything, from the camber of the road to the strength of the wind. Thankfully, conditions were excellent and the Range Rover Sport SVR was the perfect precision tool for the job.”
The world record was not the only amazing Land Rover moment of the Festival of Speed, as 70 historic and important Land Rovers took to the hill in what was the largest batch of cars to ever tackle the famous route in one go. From 1948 to 2018, the parade of cars celebrated 70 years of one of Britain’s most iconic automotive brands.