Photo - ucar
play_arrow
View
47005

ucar

Electric car development

Ukraine, Kyiv city
Market: Mechanical engineering, Production, Transport, Robotics, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 14.09.2020
Min investment
$  35.000
Show contacts
Total required
$ 637.000
Rating
equalizer из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

Develop and build an electric automobile for the European, Ukrainian, American markets. Build up an car prototype for further production.

Current Status

Created overall 3d model of the car body, and main principles of construction: Drivetrain, Chassis, Suspension, vehicle-body.
Only electronic form(blender 3d model) and brief description text files.

*Prepared business model for development where could be found all expenses with transparent rules for investor and development team. See attached presentation(pitch deck) for details.
*Defined required stages to build up a car prototype. 1-st year: suspension, drivetrain, and related software development(1 team); 2-nd year car body, interior, exterior equipment, software development (3 teams).
*Possibility to involve Science oriented team from one of the biggest universities in Ukraine.

Market

Ukraine, Poland, German markets, others on demand.

Problem or Opportunity

Overload of the market with gasoline/diesel engine cars. The percentage of electric cars is low, especially in Ukraine. World wide trends about reducing CO2 emissions lead to the demand for new approaches and a new vision for daily life car. The simplicity of construction and reduced maintenance costs makes a crucial advantage in comparison with existing diesel petroleum cars. The question is only to use imported electric cars or make an attempt to create something new from scratch. The idea described in this page represents of developing a brand new electric car with modern principles and best worldwide practices.

Solution (product or service)

Provide to market unique product competitive with modern electric cars at the market. The development of the car prototype is a most important and expensive stage for making a product. Involving the team with science-oriented people make the main focus on the best solutions in terms of efficiency and sustainability of construction. Agile principles selected on the development stage has been chosen for more close cooperation with investor and potential clients. The main idea is to generate repeatable solutions for all elements of car prototype construction, where further production could be done with the same quality, or even with improvements.

Competitors

Volkswagen Golf, e-Golf
Cheverolet Volt,
Nissan Leaf(електр.)
Tesla Model 3,
Tesla Model S,

Advantages or differentiators

The main advantage is using internal Ukrainian resources/materials which can reduce costs.

Finance

Investments are required for car-prototype construction. Revenue is possible on the production stage. Details about the requested expenses can be found in the attached presentation(pitch-deck). According to the defined plan production shall happen in the 3rd and 4th year after the start of development. According to a calculation profit of 25% for investors available after 85 cars will be sold to clients. After the first car would be sold, online service for cars have to be activated, expenses for this not included in overall expenses. But this topic is very important because the safety of the client is a pivotal factor in our work. Investors shall be aware of it and understand that team does their best job but the point could be missed. Better to keep the Development team in charge of the service team as they would have been designed and developed by themself. In this case, they would be able to react as soon as possible on possible issues in construction.

* Selected markets are Ukrainian, German, Poland.
* The closest market rival by quality and price requirements is VW Golf or eGolf. But the "Ucar prototype" is going to be slightly bigger by dimensions.
* How to achieve lower costs of production, use internal Ukrainian materials and services which usually slightly cheaper than the same in EU.

Business model

After coming to the market investor would be able to receive invested money back. After production would start investors would be able to get money back. 85 cars required to achieve a profitable point. But improvements and further support also will be required as well. Staying in the market means fast reactions and making updates. The development team shall continue work, especially where feedback would be collected from end-users.
*In SImple words, metrics of Car prototype development:
- 1st year: drivetrain, suspension, and related software.
- 2nd year: car body, interior, exterior, software.
- 3rd year: Certifications, tests, production.

Requested investments calculated and attached as a presentation file. The second and third year of the plan could be adjusted based on the results of Drivetrain/Suspension and their software in the first year.

Money will be spent on

The building of a prototype and testing it under different circumstances. All expenses their types and in what stages they would be required defined in presentation

Offer for investor

Invest in prototype production and testing. Receive profit on the production stage.

Team or Management

Risks

COVID19 virus effects, or unexpected global changes on the market. In general, risks have to be minimized with Agile principles usage at development. In case of unexpected impediments, Development could be postponed or replaced to another location.

Incubation/Acceleration programs accomplishment

Received feedback from one of the international investment companies. As a result, was prepared presentations with analysis and business model details. Also described expenses for the first 2 years of prototype development, and defined plan of transformation from prototype to road car.

Product Video

5,00
1
2
3
4
5
2 voices
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility1783
star6
Add to favorites
Delete from favorites
share
close
thumb_up5
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video