EPECfinal
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EPECbike is developing an affordable electric bicycle attachment that can provide speeds up to 15km/h. The CEO, CTO, and COO have created a minimal viable product and financial plan to launch the business. Their target market is urban cyclists in the Netherlands, where over 1.3 bicycles are owned per capita, representing a large used bicycle market opportunity. They are seeking initial investment of 20,000 Euros from each founder for research and development with plans for larger funding rounds to support mass production and international expansion.
EPECfinal
- 2. Sustainable, affordable and innovative electric bicycle alterntive. EPEC bike, provides cyclists with all of the advantages of the electric bicycle, for fraction of the cost Problem & Solution
- 3. Electrical motor capable of providing speeds up to 15km/h with recheargable battery. Developed to easily attachable on a previously owned contemporary or traditional bicycle. Minimal Viable Product
- 4. CEO Vladas Valeika CTO Yieuw Wing Mok COO - Kitty Ly EPECbike Team
- 5. 5) Transaction EPECbike financial forecast
- 6. With Netherlands having 1,3 per capita bicycles it is a huge used bicycle market, to address this opportinuty we plan on achieving our goals with personal assistance/ e-commerce models for our products. Revenue Model
- 7. Total Available Market 84% of the population of the Netherlands Serviceable Available Market 3 closest provinces around Amsterdam Serviceable Obtainable Market Urban residents, everyday cyclists. Target Customer Market
- 8. - Market verification. - R & D - Mass production - Expanding market (urban cities in NL) - Expanding market to 2 other countries Financial roadmap
- 9. First stage: 20,000 euros from each of owners for R&D and initial costs (estimated deadline 2020) Second stage: 219.000 euros for starting mass production (estimated deadline 2022) Third stage : 2,000,000 euros for entering foreign markets (estimated deadline 2024) Need of Investment During the initial stage, we offer for potential investors: 10% of our stakes for 300.000 euros Or 5% of the profit based on a period of 10 years
- 10. Contact details Email: Y.mok@student.ru.nl Phone: +31 06-28832583 Email: Vladas@Iive.com Phone: +370 68469094 Email: khietyeely@gmail.com Phone: +31 06 - 577 84 151 Twitter.com/EPECbike Facebook.com/EPECbike Follow us on:
- 11. EPECbike EPECbike the future of cycling