ID: 23514

14.05.21

Investment projects and startups in Ukraine

Expansion of production of Ukrainian electric scooters MoveOne

Attracting investment in a project to expand the production of Ukrainian folding electric scooters with a reliable steel frame for B2B and B2C segments, with the prospect of scaling sales in the USA and Europe

Location:

Киев, Украина, 02000

  • Sector: Machinery
  • Business activity: Electrical equipment manufacturing
  • Stage: Early Stage
  • Project cost: $300 000
  • Required investments: $100 000
  • Type of investment: Equity
  • Share in capital: 20%

History of creation

The idea of ​​creating and producing scooters under the MoveOne brand belongs to a young team from Kyiv. Initially, scooters were developed by Rostislav Potopaev and Konstantin Kirichuk, and later Valentin Panchenko helped to establish the production of electric scooters. Over the past three years, the project has attracted USD 50,000 of its own funds.

There is a utility model patent.

 

2018 – еhe first batch of 10 scooters was released and sold out successfully.

2019 – the first batch of 20 electric scooters was released, which were successfully rented out in a classic lease with the company veliki.ua.

2020 – a batch of 25 improved electric scooters was released, 22 of them were sold (Ukraine, Denmark, Bulgaria), the rest were leased to more than 200 users.

 

Project prospects

2021 – the volume of production and sales of 10 units per month, certification for the countries of the European Union, the creation of battery exchange points in the center of Kyiv, the formation of a spare parts warehouse.

2022 – production and sales of 100 units per month, US certification.

2023 - production and sales of 1,000 units per month.

 

In 2021, a pre-order was received for 10 scooters in B2B segment and 2 scooters in B2C segment.

Currently, negotiations are underway with UkrEnergo with a possible order of 20 units, in May 2021 two scooters for a test drive will be taken by the patrol police of Kyiv with a possible order of 100 units.

 

The proceeds from the sale are planned in 2 directions: sale and lease.

 

Product

MOVEONE is a foldable e-scooter for adults with a robust steel frame.

Suitable for people with different fitness levels. Any road surface is suitable for riding. Develops a speed of up to 30 km / h and at the same time is very maneuverable.

Main characteristics:

  • age 14+
  • reliable steel frame
  • max load up to 120 kg / 150 kg e-scooter
  • length – 1,450 mm
  • height – 1,060 mm
  • wheel size: 20 "and 16"
  • folded size: 1060x600x200
  • weight: 9.8 kg / 19.8 e-scooter
  • 50 km on a single charge
  • 30 km / h speed

Components are purchased in China, partly in Ukraine. Assembling, testing takes place in Ukraine. 12 months warranty for frame and battery.

MoveOne currently has 3 models:

  • Electric scooter for sale in B2C segment with a non-quick-release battery. Buyers portrait – B2C – adult man / woman 30+, the ability to ride together with a child.

 Expansion of production of Ukrainian electric scooters MoveOne

  • Electric scooter for rental and sale in B2B segment with a quick-detachable battery. Buyer portrait – courier and postal services, large manufacturing sites, airports, sea terminals, police and army.

 Expansion of production of Ukrainian electric scooters MoveOne

  • Scooter without electric drive

 Expansion of production of Ukrainian electric scooters MoveOne

Technological innovation:

  • MoveOne wheels are more than 2 times larger than those of ordinary scooters, the size of childrens bicycles, which is the most convenient and comfortable for Ukrainian roads
  • Steel frame is a guarantee of reliability, while the weight is no more than 19.5 kg
  • Excellent roll-off
  • Reduced energy consumption per track unit compared to classic electric scooters
  • The ability to change technical characteristics and geometric dimensions at the request of the customer

Market

The volume of the so-called micromobility market by 2030 will grow to USD 200-300 billion in the United States, USD 100-150 billion in Europe and USD 30-50 billion in China, analysts at McKinsey predict. According to them, in the United States during the pandemic, the average duration of trips using a scooter-sharing increased by 26%, and the risk of infection became the main factor when choosing a transport.

The electric scooter market currently has a scope of USD 100 billion. In Russia, electric scooter rental exceeded bicycle rental in 2020, according to rbc.ru.

MoveOne plans to occupy 2% of the global electric scooter market by 2025. The main competitors at the moment are the BMW X2 electric scooter. Opportunities for 5 years to grow to 20X.

Offer to Investor

Investment amount from USD 100,000 to USD 300,000

For an investment of USD 100,000 – 20% ownership of the joint company.

Directions for the development of investments:

  • purchase of components – 54%
  • purchase of equipment – 9%
  • research and development – 12%
  • certification – 10%
  • marketing – 6%
  • other – 9%

Investments in equal parts 34% for the first month, 33% for the second month, 33% for the third month. The full period of capital turnover with a guaranteed return on investment is 3 years.

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