EAV

Idea

Please note that whilst the campaign is labelled as EIS eligible the Company has £150,000 remaining of its SEIS limit. A £60k investment already reflected in the campaign is not SEIS eligible, which means SEIS will be available on investments up to £210k. Investments made after £210k will be EIS eligible. Any tax relief is dependent on personal circumstances and may be subject to change in the future.

Introduction

Electric Assisted Vehicles Limited is a new generation vehicle design, engineering and manufacturing business in the rapidly growing zero-emissions vehicles market. Our goal: make transport in cities and towns as environmentally friendly as possible.
Working with DPD (technical partners) we know the industry’s requirements. EAVan is based on the concept of a 'van' but on a uniquely designed cycle chassis with electric assisted pedal power. It's a unique product that we believe disrupts our cultural perception of transportation for the better.
EAVan meets e-bike legislation but it's design is based more on a Light Commercial Vehicle than other e-cargo bikes. It’s like a van: indicators, brake lights, GVW’s, maximum payloads, safe braking specifications etc. The design team believe we have created a benign yet characterful vehicle with the EAVan. From a business point of view, we believe they fit directly into the fleet mix of any delivery model, being lightweight they are less damaging to roads, pavements or pedestrian areas than traditional vans.
EAV-Mobility is a vehicle for good.

Intended impact

There is a real need now to tackle pollution in our cities and towns. As communities change so too must our systems of personal mobility. Electric Assisted Vehicles was formed to tackle the current culture of transportation and create new vehicle solutions which fit the real needs of a less polluted urban future. Currently the balance of vehicle weight versus carried weight is unacceptable. Culturally we deem it acceptable a 3.5 tonne van delivers less than 120kg per day. This impacts not only on air quality, but the physical environment around us. From toxic brake/tyre particulates to road erosion and increased congestion, it’s a significant consequence and cost to health and environment.

We aim to engineer greener solutions that will transform our cities and towns through clean vehicles. We want society to thrive where mobility solutions are efficient, not harmful to communities.
For us, mobility is about the journey and everything that surrounds it.

Substantial accomplishments to date

Our key management team comes from well-established engineering, automotive & motorsport backgrounds, having extensive knowledge and industry experience. EAVan has a number of real advantages:
✓ Light yet robust, easy to manoeuvre
✓ Modular construction, sustainable materials, true eco-credentials.
✓ Safe & Secure - ebike legislation

Timeline:

September 2018 - First prototype build.
October 2018 - Electric Assisted Vehicles Ltd registered at Companies House.
January 2019 – EAV Board includes ex-Lotus, Lamborghini & McLaren director Nigel Gordon-Stewart as Managing Director.
November 2018 - Design partnership formed with New Territory.
December 2018 - Technical Partnership formed with DPD.
January 2019 - PP1 development prototype created.
February 2019 - Anthropometric study of 20 people ranging from 5ft 4" female to 6ft 5" male - ergonomic space model within CAD built for final body modelling.
February 2019 - PP1 mock up body on prototype built & tested.
March 2019 - Initial order from DPD PO received.
April 2019 - Digital launch of brand & first product dubbed EAV cargo.
April 2019 - Body styling completed - engineering phase started.
May 2019 - PP2 development chassis built - extreme test & development programme started.
May 2019 - Body tooling & subsequent machining.
June 2019 - PP3 build & bodywork manufacture.
June 2019 – DPD issues Letter of Intent for 50 more EAVans.
August 2019 - EAVan physically unveiled at the UK EV summit in Oxford.

Monetisation strategy

SALES: We have already started selling our EAVan directly to worldwide markets for first/last mile courier. During the second half of 2019 we will be developing the EAVan Pod Trailer & EAVan Pickup including a comprehensive range of branded accessories.

EAV INNOVATION LAB: We aim to expand & establish our team of Design & Engineers as the "go to" experts on e-Mobility & as true zero-emission transport solutions specialists. From tailored EAVehicles - using proprietary parts to create optimal transport solutions, to creating bespoke vehicles for city infrastructures & campuses where heavy mobility is no longer required.

DATA: As we supply to various customer fleets, operators, such as DPDgroup, will provide usage data of the performance of EAVans influencing continuous engineering improvements as well as providing a future monetization strategy. This data gathering will allow us to better understand developing new routes through cities and assisting and providing efficiencies to new customers transitioning over to EAVan use

Use of proceeds

Funds will enable:
• EAV to expand to meet the growing demands of the international market.
• Funds will enable EAV to develop our production capability, capitalising on the highly positive response from our live product launch.
• EAV will increase its EAVan model range from the S (standard) to the Medium/Large/Pod Trailer and Pickup. Modularity is already designed into the fabric of the vehicle making it incredibly simple for us to create wider or longer vehicles or even bespoke sized vehicles through our EAV Innovation Hub.
• EAV will establish its own business lease purchase plans to accelerate the adoption of this disruptive culture shift in transport.