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Electric Vehicles for last-mile and delivery - loan for business

UAE
Market: Transport
Stage of the project: Operating business

Date of last change: 09.02.2020
Min amount of loan
$  150.000
Estimated yield
10 % a year
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Total required
$ 300.000
Rating
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Also this project:
- is looking for investment
- sells business

Idea

We provide sustainable, cost-effective transport solutions for the last-mile and food delivery industry.

Current Status

EEC Certified
ESMA certified
RTA certified
DVLA certified
Product ready (6 vehicles)
Sales of AED 2,700,000

Market

Delivery motorcycles
12,000 in the UAE
20,000,000 in Pakistan
50,000,000 in India
100,000 in UK

Delivery vans
500,000 in Europe, UAE, KSA and India

Problem or Opportunity

ENVIRONMENTAL
Eliminating emissions
Reducing air pollution

TIME
Downtime for delivery operators

FINANCIAL
Cost of ownership
Cost of operation

Competitors

Petrol motorcycles:
Yamaha
Bajaj
Honda

Advantages or differentiators

First to market
Designed for purpose (not retrofit)
Only certified and approved in UAE
Modular business and product design

Finance

Self-funded to date.

Raising investment to facilitate stability in UAE
Receive demo fleet of vehicles
Test drives/rides
POC to receive orders
Further certifications
Marketing budget
Manpower

Loan terms

36 months

Interest rate, %

10

Type of pledge

Another

Pledge and assets

5% shares in the company

Business model

Direct Sales
Fleet Leasing (depending upon investment)

Solution (product or service)

Electric delivery vehicles

Save time, money and our environment.

Risks

Competition with a greater investment budget.

Incubation/Acceleration programs accomplishment

Dubai Chamber of Commerce - ongoing
Future Mobility - ongoing
Start up in 30 seconds (DubaiEye) - ongoing

Invention/Patent

IP of product
Trademark of brand

Photos

Photo 1 - Electric Vehicles for last-mile and delivery
Photo 2 - Electric Vehicles for last-mile and delivery

Product Video

Website address

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address