Niyato Industries · Fri, 02/24/2012 - 10:08
Business
Business Overview:
Niyato Industries is a NHTSA and USDOT licensed electric and CNG vehicle manufacturing company. We just received our first order for 2,700 vehicles from a distributor. We are looking for accredited investors to participate in our growth. We will be converting new Ford gas vehicles into 100% electric drivetrains for Federal, State and Local Governments. We also will be selling our Electric Vehicles to automobile distributors and fleet accounts in the US and abroad. Please visit our website at www.niyato.com for more details.
Project Type:
Industry:
Project Website:
http://www.niyato.com What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?:
The company has currently hit every internal milestone to date, Niyato has hired two investment companies to raise the initial capital of $2 million that will achieve milestone 1, and milestone number 2. The company has obtained a purchase order for the first year of electric vehicle productions, milestone 3. Niyato is currently in contract talks to sell the Company’s CNG 150 size pickup, that order consists of a 10 year contract with 250 vehicles per month with a profit of 30%. All of this now proves that the company's model works effectively.
What is your total and operating cash burn (the amount you're spending) per month? :
Initially cash burn will be at 200k per month.
How many future rounds of financing do you project? :
Niyato anticipates break-even in 1 year. In addition to our product sales, we expect royalty revenue from licensing our conversion and software technology. Within 1 year, Niyato anticipates an IPO on the American Stock Exchange to raise an additional $22 million, or sale of the company to fuel further growth and to offer liquidity to investors. Niyato can also offer a restricted Class A preferred stock paying a 6% dividend starting in January 2013
Services Desired:
Accounting
Distribution/Sales
Supply Chain/Distribution
Capital Broker/Dealer
Who is the Customer?:
We are selling electric vehicle’s to the US Federal Government, state and local governments. The company will also be selling to fleets and distributors in phase 1. We currently have a plan to provide cars to the GSA and a purchase order for 2,700 cars from a distributor worth $94,500,000.
What is the Customer Pain that you are solving?:
With gas at over $4 per gallon Niyato is the future.
Names of any current or recent customers:
Confidential information.
What is the Target Market?:
The US Federal Government is now looking to convert its fleet of nearly 600,000 conventional gas-powered vehicles to alternative-fueled vehicles by December 15th, 2015. The states are under the federal mandate, as well as, local governments too. Fleet sales and distributor sales.
How big is the Target Market in terms of Annual Sales?:
> $50B
Sales/Marketing Strategy:
Niyato lobbyist on staff crafted the current laws for the GSA (General Service Administration) to be able to purchase the company's electric vehicle. The company is in the process of writing a contract to supply vehicles to the GSA now. We just received a purchase order from an undisclosed buyer for $94,000,000 2,700 vehicles.
Competition:
Other manufacturers do not meet the federal guidelines to supply alternative fuel vehicles to the government. Currently, electric cars such as the Chevy Volt and Nissan Leaf cannot compete because they have taken government bailout money. Our goal is to provide an affordable mid-size automobile bigger than those on the market today at a price, which we believe will attract a large amount of buyers.
One-line Pitch:
Where others have failed Niyato will succeed. We have taken the best engineering and technology from time tested and consumer approved vehicles and are converting them to alternative fuel vehicles. We save millions in start-up and technology costs. If you are not making 6% on your investment, you need to invest in Niyato industries, were giving Preferred stock and paying a 6% dividend on your investment.
Business Model:
We offer 100% new all electric and compressed natural gas vehicles. We take out all gasoline components in the car and reinstall all electric components. This allows us to produce a lower priced car with all the energy saving features of a much more expensive all electric vehicles. We save millions in development costs by using time tested platforms and converting them to all electric drivetrains or cng. This will reduce our dependence on foreign oil and greatly reduce carbon emissions.
Product/Services Overview (what does it do):
Niyato EEV, the first 100% all electric Sedan, 100% American made vehicle for under $50,000..What does it do? The consumer will never pay another dollar for petroleum based GAS!
Technology
What makes the technology/business unique and have a defendable competitive advantage?:
We are a high volume conversion company that produces 100% all electric and cng vehicles at a very competitive price, were not producing the vehicle one at a time.
Describe in detail the technology used in the Project - Address the innovation in significant detail :
Niyato is transforming New Ford Fusions, Escape , and Fiestas into 100% all electric vehicles The EEV, the Earth And the Rain respectfully. We are using UQM motors and Borg Warner drivetrains, and Flux batterys. Our cars will meet the stringent mandates set forth by the GSA for government sales.
What are the principles of the technology? :
Electric vehicle transformation, from gas to all electric.
What, if anything, has been proven (and how far is this from a commercial scale)? :
We have a purchase order now to produce 2,700 EEVs.
What challenges/risk does the technology face for commercialization?:
The challenge is to supply them fast enough, The company has been overwhelmed by the response of the fleet operators that want to buy the vehicles.
Patent Numbers (Filed/Approved):
The company has 3 pending Patents, and will file 6 more.
Team
Financials
Amount Sought:
$4,000,000 If raising funds, what shall the funds be used for?:
Niyato™ anticipates initially requiring $4,000,000 to complete finished vehicles, 3 EEV, 2 Earth, and 1 Rain™ and provide for legal and infrastructure expenses related to growth and to cultivate potential additional customers. To finance the expansion goals we intend to seek initial capital from corporate and private partners. Further investment of $22 million will be raised through an IPO on the American Stock Exchange for product production, further setting up the company infrastructure, and lining up lead vendor-channel relationships, landing significant corporate accounts, and accelerating global marketing efforts. The company will be supplied land, building, and many other incentives by the state of North Carolina and the state of California.
Pre-Money Valuation:
$12,000,000
Amount invested by Founders:
$1,000,000
Funding Stage:
Pre-Revenue Funding History:
| Funding Round | Funding Type | Funding date | Funding Source/ Investors | Amount | Pre-Money valuation |
|---|---|---|---|---|---|
| 12,000,000 |
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