SilverRide Appoints Salesforce Cofounder Dave Moellenhoff to Board
SilverRide Inc. announced the appointment of Dave Moellenhoff, cofounder and former Chief Technology Officer of Salesforce, to its Board of Directors, effective immediately. Moellenhoff cofounded Salesforce in 1999 and served as Chief Technology Officer and principal architect through 2009, helping pioneer the software as a service model. The appointment follows SilverRide's recent appointment of Sooketoo Bhuta as Chief Product & Technology Officer to lead its product, data, and AI strategy, and signals a board-level commitment to building the technology platform behind assisted transportation at scale. SilverRide is a licensed TNC in more than 20 states and operates in more than 35 major metropolitan areas, delivering ADA-compliant assisted transportation through paratransit partnerships with transit agencies, contract services for PACE and healthcare organizations, and direct-to-consumer service, with 95% on-time performance. By 2050, the 65 and over population in America is projected to reach 83.7 million, nearly double its 2012 level, according to the U.S. Census Bureau.
▲
China unveils eight-agency action plan to boost smart homes with 250 billion yuan injection
China has launched an action plan to promote consumption of smart home products, aiming to increase the diversity of usage scenarios and expand the supply of high-quality goods. The plan was issued by eight government agencies, including the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Industry and Information Technology. It sets out seven major measures covering the expansion of high-quality smart home supply, improvement of the standards system, support for consumption, development of products suited to the elderly, organisation of recycling service chains for used household goods, optimisation of community services, and strengthening of financial and budgetary support. The plan also calls for supporting the retrofitting of homes for the elderly and the upgrading of old homes into smart homes. Under the 2026 trade-in policy for consumer goods, local governments have been given greater flexibility in designing subsidy programmes, with the central government planning to allocate 250 billion yuan, or 36.93 billion US dollars, from ultra-long special treasury bonds to support such projects nationwide.
Tokai to Inherit Welfare Equipment Business via Company Split
Tokai announced on the 7th that, with an effective date of November 1, 2026, it will inherit the welfare equipment rental, sales, and home renovation businesses of K-WORKER and Araki Marine through a company split. K-WORKER and Araki Marine will be the splitting companies, and Tokai will be the succeeding company in an absorption-type split, with consideration of 120 million yen to K-WORKER and 186 million yen to Araki Marine. Tokai operates businesses supporting in-home care and currently has a total of 104 business locations across the Tohoku, Kanto, Chubu, Kansai, Chugoku, Shikoku, and Kyushu regions as the Tokai Group. Meanwhile, K-WORKER operates similar businesses within Tokyo, and Araki Marine within Kumamoto Prefecture. Through this inheritance, Tokai aims to expand its customer base and increase market share.