This below document was shared by Mr. Pankaj Pal via email. EVHUB.BIZ sharing this with our visitors solely to encourage the work done and find them investors to commercialize this project. Contact: mail@evhub.biz for getting in touch with the author. Summary: Our technology, our strategy, our mission and vision and big open market is our main strengths. In Our electric car we are offering speed up to 200 km/hr, range is 1000+km in a stretch, car is five seated having all the facility as is available in a good family car (Petrol/Diesel) .Car price is low as compared to other E-Vehicles or Petrol car. Running cost is about 50 paisa ($0.01) per km. • Speed up to 200 km/hr • Range is 600-1000+km in a charging • Charging takes not an issue. • Fuel costs up to 50% lower • Lower maintenance costs • Increased rider comfort • Higher initial torque provides acceleration • Exemption from emission inspections • E-Vehicles are “green” vehicles ü No tailpipe hence ZERO pollution ü Soundless ü Running cost per KM is only Rs0.40 ü Making the environment green ü Less maintenance because no carburetor, engine, air or water filter
1. What is your business, service, product, etc? · What specifically is the product or service you are trying to sell?
 This is Pure Electric vehicle design. The design has replaced the shortcomings of existing electric vehicles in the market i.e. Range, speed, seating, comfort, safety, economy and ultimately this is environment friendly with zero pollution. This is a green vehicle which is the demand to control today’s global warming and save the world. This smart technologies and green vehicles can reduce green house gas effects and retain the human sustainability. Below diagram can give a brief idea about the product functionality.
· What is your mission statement? MAKE THIS PLANET MORE GREEN v The vision is to create a tradition of excellence and leadership in economically viable, noise and pollution free environment with the launch of battery powered world class electric car and bikes. v Mission is production of world class electric green car in India and sell to all over the world for economic car as well making our world green helping to control pollution and green house effect to save our earth and ultimately to be market leader in electric vehicles . v First we will start from electric car& bikes then will go for three wheeler and public transport using our technology.
· What problem does the product or service solve?
v This electric car first solves the pollution control problem; this is zero emission, and soundless ev design. This is a green vehicle.
v Second the main issues of all electric vehicles in the market have a range(40-120km in one charge), speed(40-80km/h), charging problem ( takes 6-8 hours), comfort ability, price, seating place(2 seated) etc, has been resolved with our design.
v In Our electric car we are offering speed up to 200 km/hr, range is 600-1000+km in a charge, car is five seated having all the facility as is available in a good family car (Petrol/Diesel). Price is also competitive and this design is under economy as a whole.
· What sort of companies or people suffer from this problem? Almost all the companies all over the world which are producing electric vehicles have the above limitation (speed, range, comfort, price, charging etc) in their electric vehicle.
2. How long has your company been established? · Clearly explain the origins behind the company's creation and how you or your business associate came up with the idea to start your business. As explained above Almost all the companies all over the world which are producing electric vehicles has the above limitation in their electric vehicle, that’s why it is the opportunity to win the race of electric vehicle with our competitive design. We have all that features in our design for which other companies are struggling.
· What stage is the company at now? Right now we have design, technocrats, technology, and manpower to commercialize the product. At this time we want investor/manufacturer who is/are interested to be active partner(s), who can share his knowledge, intelligence and can fund the project to commercialize the electric car.
· Give a brief timeline of the company. o When did/will you start the company? Research & development for the product has been started since 2004. Today we have design ready to produce. We planned to start the company for production in early of 2010, as soon as we will get manufacturer/fund for project. o When did/will the company start trading? In last of 2010 company will have production in full span. o When did/will the company turn profitable? In last of 2010 company will have production in full span as well profit.
3. What expertise or experience do you have in this field? · Which companies have you worked for? We worked For Various MNC, Private and Public sector companies up to $4 Billion in revenues. Also run own factories for various products. Successfully handled more than 100 engineering projects on various design, development and production.
· How long have you worked in the industry? 10+ years.
· Do you have any relevant professional qualifications?
7+ years
· Do you have any relevant academic qualifications?
Master of technology Mechanical engineering. Executive Master of business administration.
4. What are your strengths? · What makes your product/service better than the competition?
What makes our product unique? Our technology, our strategy, our mission and vision and big open market is our main strengths. In Our electric car we are offering speed up to 200 km/hr, range is 1000+km in a stretch, car is five seated having all the facility as is available in a good family car (Petrol/Diesel) .Car price is low as compared to other E-Vehicles or Petrol car. Running cost is about 50 paisa ($0.01) per km. • Speed up to 200 km/hr • Range is 600-1000+km in a charging • Charging takes not an issue. • Fuel costs up to 50% lower • Lower maintenance costs • Increased rider comfort • Higher initial torque provides acceleration • Exemption from emission inspections • E-Vehicles are “green” vehicles ü No tailpipe hence ZERO pollution ü Soundless ü Running cost per KM is only Rs0.40 ü Making the environment green ü Less maintenance because no carburetor, engine, air or water filter
· Do you have any partnerships or strategic alliances in place? Not right now.
· Do you have an existing customer base? It’s not a problem, big open market is available. Whole world is our.
· Have you had any positive feedback from clients or research? Of course.
5. Who is in the team? · Write 3-4 lines on each of the key members in the team § Myself-10+ Years of managerial, R&D Operations exp, M.Tech, EMBA. § Second person 10+ Years of managerial, R&D Operations exp, M.Tech, § Next person 8+ Years of managerial, R&D Operations exp, M.Tech,Ph.d And more experienced person will be hired. o Explain why the background of each team member fits. All the person in the team have Years of managerial, R&D Operations experience.
o If you can, state the names of well known or brand name companies your team has worked for. Number of Multinational Companies. Indian, US Based, UK Based, Korean, Japanese. o What are their responsibilities? Management, R&D, Operations, Production experience. · How many employees do you have? We are a team right now for this project and we will recruit employees for operations.
· Do you plan on hiring any more staff? Yes we have big plans.
6. What is the state of the market? · Give a brief description of your target market and any market segments? Because of our competitive design, we will target India as well as foreign market.
· How large is the market? o How many people/companies? Every people in the world who want economic & environment friendly car,which is cheap, maintenance free, saves their money and keep their earth green. o How much money? Car price start from 6, 50,000 INR (13,000USD) and have series.
· Who are the major players in this industry? In India- Reva Electric car company, Tara International, Bavina cars Global- GM,Tesla motors, Toyota, twike, zap electric, zenn motors,phoenix motors,American electric vehicle,Elbil Norge,GEM,modec,smith electric vehicle, Dynasty electric car corp. · How fast is the market growing?
· What are the current market trends? Market want cheap, environment friendly, having good range and speed- electric vehicle which overcome the shortcomings of existing electric vehicles all over the world.
· How will you overcome any entry barriers to your chosen market? · Our technology, our strategy, our mission and vision and big open market is our main strengths, which will keep us on track.
7. What is the competition? · Give a brief description of the current and potential direct and indirect competitors.
Almost all automotive companies in the world who are producing their Conventional car and now they are planning/initiated electric car manufacturing. These are few companies who can give competition but on other factors that may be regional, national or international. In India Reva electric car is the competitor but their car is two seated and range as well speed is less ,it takes 6-8 hours for charging and this is the reason people is not easily accepting their car.
· What is the market share of your competitors? Because of the above limitation in car from our competitors, peoples rarely show interest in their car. That’s the reason we can capture the market.
· What is your competitive advantage? In Our electric vehicles we are offering speed up to 200 km/hr, range is 600-1000+km in a charge, car is five seated having all the facility as is available in a good family car (Petrol/Diesel/CNG) .car price is low as compared to other Ev`s or Petrol car. Running cost is about 50 paisa ($0.01) per km.
· What stops other people from copying you? o Patents o Copyrights o Trademarks o Franchise rights
8. Do you have any figures (financial history or forecasts)?
· If available, give some basic financial projections for the next few years.
· If you are a new venture and cannot give specific figures on the performance of your business, quote figures for the industry or your competitors.
· How much money have you personally invested in the company? Frankly speaking we Design, Develop & Research the technology after analysis of present electric vehicles produced all over the world by various companies. We spend about 10,00,000 INR in Research in last four years. Except this we don’t have money to establish the company. Here in India we have land, manpower, resources, hundreds of vendor companies, raw material, ultimate technology and ultimately big open market.
· How much have external investors already invested in the company? Number of Investors from India and abroad are ready to invest in the project, some automotive companies also willing to share the technology and resources . We want some reliable manufacturer/investors for this project.
9. What are your short and long term goals?
· Give a brief description of your 3, 6, 9 and 12 month milestones. Ø First 4-6 months will be for R&D, Prototype, and Advertising through auto expo, people feedback, development, In parallel we will have all formal legal documentation for plant design and layout, equipment machinery needed for mass production. Ø Next step is 4-10 months for- plant construction, equipment, machinery purchasing and setup, vendor development, recruitment of employees, sample production, developing distributor’s network and other activities related to sales & marketing. Ø Target for 9-12 months is for production ramp up i.e. full span of production.
· Give a brief description of your objectives over the next few years.
Objectives are to produce green vehicles & replace conventional car by our electric car in India and Globally. · Do you have any strategies in place to achieve these objectives? We have special- o Advertising and marketing strategy o Sales strategy o Pricing strategy o Strategic alliances
10. What is the investment going to be spent on? · How much money are you trying to raise?\ To setup new plant we will need approx- 600, 00, 00,000 INR-1000, 00, 00,000 INR (12000000 USD -20000000USD) · Give a breakdown of what the investment is needed for.
Initial Design-3,00,00,000 R&D CENTRE-20,000,000 PLANT LAND- 20, 00, 00,000 PLANT CONSTRUCTION-50, 000, 00,000 MACHINIRIES &EQUIPMENTS-80, 0000,000 WORKING CAPITAL-500, 0000,000
11. What are you offering the investor in return for the investment? · What percentage of the company are you offering the investor(s)?
What will be decided after mutual understanding? · If you want a loan, what rate of interest would you be willing to pay?
14-15% annual.
12. What is the expected return on investment or breakeven period? · When will the investor start to see returns? As soon as we are in full production as planned in last of 2010, we will be able to see returns.
· How long will it take the investor to make his/her money back? Till date our offered price for the car in India will be -6, 50,000-10,00,000 INR. For this price company will save about 15-20% of selling price. Our production target is 50,000 car in first year followed by 80,000 and 1, 00,000 in next years. For first year Production = 50,000 per year Profit / car @10 % = 60,000-100,000 INR Profit / year @10 % = 60,000 X 50,000 = 300, 00, 00,000 INR · How much money will the investor make each year after that? That depends on business strategy and competition.
· Do you have an exit strategy? We will start our company in early of 2010; first we are going for R&D, few first Models for auto expo, auto exhibition, auto show and other advertising and getting feedback from people. We will get their interest and response for our product. We also will have registration/ booking for the product via some banks, forms, sms and online. Here we will be able to know how big is the market and how we have to manage the requirement. And in doing all this we will spend less than 3, 00, 00,000 INR. At the moment we just need 3-5, 00, 00,000 INR for First sample Models manufacturing. After this we will proceed for production.
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