MergerPlace

Patented Electric Vehicle Licensing Opp

Detriot, Michigan


  • Asking Price: $6,000,000
  • Gross Income: Not Disclosed
  • Cash Flow: $2,000,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #225637
  • Established: Not Disclosed
  • Employees:

Business Description

Business Description:
THIS COMPANY HAS A LONG AND HISTORICAL TRACK RECORD IN DESIGN, ENGINEERING & INNOVATION FOR PRESTIGIOUS ITALIAN CAR MANUFACTURERS SUCH AS FERRARI, MASERATI, LAMBORGHINI & FIAT AND IS UNIQUELY POSITIONED TO TACKLE THE U.S. MARKET WITH THEIR NEIGHBORHOOD ELECTRIC VEHICLE (NEV).

Successfully launched in Europe this Patented, green, compact, lightweight and comfortable vehicle allows for autonomous, easy, clean and fast travel through both crowded cities and suburban settings.

The vehicle runs on a state of the art electric battery that is capable of going over 125 miles with one charge.

It has been fully approved by the strict safety testing of the EU and is fully compliant with all U.S. regulations.

This Neighborhood Electric Vehicle offers a stylish and comfortable ride and features a uniquely designed interior, with a fully customizable and gorgeous looking exterior that is guaranteed to please even the most design conscious consumers.

This vehicle is built on a conventional steel frame chassis, solid real axle and McPherson front suspension with an engine that is silent but powerful and incorporating Italian quality in all levels of its design.

Uses for this Neighborhood Electric Vehicle are limitless, some of the most prominent include: Ride sharing platforms

· Golf courses

· Public Utilities

· Airports

· Resorts

· Sightseeing

· Urban transportation

· Police departments

· Food delivery platforms

· Personal use

· Parks & Tourist Destinations and Hotels

· Residential and Commercial Premises

· And many more…

Neighborhood Electric Vehicle (NEV) Definition

A Neighborhood Electric Vehicle (NEV) is a legal class of 4-wheel electric vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a maximum loaded weight of 3,000 lb (1,400 kg).

Neighborhood Electric Vehicle (NEV)

The global Neighborhood Electric Vehicle (NEV) market size is projected to reach US$ 4055.5 million by 2026, from US$ 2793.5 million in 2020, at a CAGR of 6.4% during 2021-2026.

Neighborhood Electric Vehicle (NEV) Global Growth Rate

8.6% Annual Growth Rate of this market category which equates to 647,000 units and $2.8b globally. Source: “Global NEV Market 2020 Research Report published by QY Research”.




Historical Summary:
The Companies U.S. Sales Estimates by Year

Year Units U.S. Sales Gross Profit

2022 1,021 $17,364,084 $7,150,159

2023 2,773 $47,145,084 $19,412,681

2024 3,765 $63,999,452 $26,352,715

2025 4,906 $83,404,086 $34,342,858

2026 7,104 $120,769,116 $49,728,459

The base model MSRP is $12k to $14k and for the high performance model with full OPT in the $20k range, depending on various options and configurations. The company is considering an option with a battery manufacturer to lease the batteries for the high performance model and also, lowering the price points by having a supply chain in North America, thus reducing the cost of the NEV.


Business Details

Primary Business Category: Manufacturing - Transportation Equipment
Location: Michigan
Metropolitan Area: Detriot

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $6,000,000
Cash Flow: $2,000,000
Seller Financing Available: Yes

Property Information

Growth & expansion opportunities:

UNLIMITED

Competition:

LIMITED

Reason for selling:

ELETTRICAR IS LOOKING TO LICENSE IT'S PATENTED, SUCCESSFUL NEV TO A COMPANY IN THE USA.

Support & Training:

Licensor will provide all the plans, information and ongoing complete support necessary for the success of this endeavor.

Contact Business Seller

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Business Listed By:

Mel Lisiten

LISITEN ASSOCIATES