| |
NEW TO GROWTHWIRE? Growthwire is an investment and corporate venturing intelligence service meeting the unique needs of growth and alternative fund managers, CEOs and other business leaders. |
| Headline |
Electric Transport - Transport of the Future |
| Investment Stage |
Early-Stage |
| Sectors |
Transport/Distribution - Other
Electronics - Other |
| Deal Value |
10,000,000 |
| Currency |
USA - US$ |
| Country/Region |
Asia Pacific Philippines |
| Summary |
Our client company has been established to provide a cleaner, greener, healthy and more cost effective transport system for a broad range of end users whilst making a positive impact on the environment. This new alternative energy source company is to set up a manufacturing and assembly line along with a specialised Research and Development unit for electric powered vehicles in the Philippines. Where possible all sourcing will be from local manufacturers and suppliers. The aim is to provide the latest technology plus quality in the mass electric motorbike, electric pedal bikes and electric scooters market along with quality small urban electric vehicles, larger electric cars and a range of electric buses up to and including full size coaches all in a branded product line. The company’s vision is to become a major producer and supplier of high quality electric vehicles in the local Philippine and International markets. The company will also supply approved parts and accessories for its line of environmentally-friendly vehicles creating service centres in each major city where retail outlets are established, all parts have been sourced locally in the Philippines for ease of service. With the groundswell already started for alternative non polluting energy sources, the price of oil will be rising again in the near future and the worldwide demand for oil increasing; the electric vehicle industry is becoming one of the fastest growing and most promising industries in the world today. From essentially a zero-dollar business just six years ago, it has ballooned to a $40 billion dollar a year industry, and is expected to grow ten-fold to $400 billion over the next five years. The Company’s initial target markets will be the Philippines, Vietnam, Indonesia, India and South America. Also, a specific limited edition electric motorbike will be manufactured for the more expensive USA, Australian and European markets. The company visualises the initial markets in countries where motor bikes in various forms are the main mode of transport.
To see how Growthwire works please click here.
|
|
|
PLEASE NOTE:
- INVESTORS are required to comply with the financial and money laundering regulations of the country in which the Growthwire Authorised Advisor posting this listing is domiciled.
- MEDIA. If used as a news item this alert must be acknowledged as being sourced from 'Growthwire'
|
|
|
Back
|
|
