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ONE MOTO

by Adam Ridgway

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Base Target

500,000
Raised
129,699

39 investors so far

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Early Adoption Discount

1st.

First Tranche

Shares will be sold at a 15 % discount

$0 share value remaining

$212.5 Price/Share

2nd.

Second Tranche

Shares will be sold at a 10 % discount

$120,301 share value remaining

$225 Price/Share

3rd.

Third Tranche

Shares will be sold at a 5 % discount

$125,000 share value remaining

$237.5 Price/Share

4th.

Fourth Tranche

Shares will be sold at a 0 % discount

$125,000 share value remaining

$250 Price/Share

Minimum investment size 500

How much do you want to invest?

Available for investment $2,870,301

Number of shares to be purchased

Price/Share before discount

Note: This proposal accepts overfunding; remember it is optional whether the proposal owner decides to accept any overfunding commitments.

I acknowledge that my investment will be irrevocably committed to the proposal should it reach its minimum target amount as indicated in the term sheet. I understand that this minimum funding threshold is a lower figure than the 100% funding target

By ticking this box I confirm that I understand the nature of the investment being made and I agree to the investor's terms of business .

I have read the risks disclosure document and fully understand and accept the risks of investing in private companies.

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Why ONE MOTO?

Why invest?

Notable Press

Read the full risk warning

The Investors

2 new

angel.investor

Platinum Investor

hutchesk

Gold Investor

sami.aldahidi

Gold Investor

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Latest Update

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The Team

CEO

Co-Founder UAE

MarComms

Strategic Partnerships

Nitin Thomas

Finance

Katie Harvey

Co-Founder QComms (PR)

Avinash Babur

Insurance partner

Shivani Duseja

Aftersales and Dealership partner

Meet the Team

ONE MOTO Electric Vehicles is a tech and data-driven manufacturer with a focus on the delivery/last-mile vehicles.

Watch the video Download the documents

Proposal ID: 10759
Closing date: 31 Dec 2020
Category: Automotive,... Automotive, electric vehicles, and smart mobility
Tags: 3rd party valuation ... 3rd party valuation, 3rd round, Accelerator , Africa, Angel Network backed, Award winning, B2B, B2C, big data, Crowd Funding, Crowd Investing, E-Commerce, Endeavor, Experienced founder, Growth, Growth Companies, Profitable, Revenue generating, Tech, UAE, UK
Stage: published
location: United Arab Emirates - Dubai

Presence:

Read the full risk warning

Why ONE MOTO?

The Electric Vehicles (EV) industry is booming as the world has started to adopt and look for affordable, environmentally focused mobility. Whilst there are other EV players in the market, none have focused on creating a fleet of vehicles serving different purposes. In particular, ONE MOTO intends to corner the market for electric vehicles that are suited for delivery companies as this is an underserved segment.

We are market ready and generating sales with huge interest from our target customer base. Now we are looking to raise capital in order to produce more vehicles, complete pilots and accelerate our growth. We believe that as the market switches to EVs as a default option, ONE MOTO will be excellently placed to be a preferred option for multiple use cases, both within the UAE and internationally.

We build vehicles for purpose and anticipate selling 100,000 vehicles by 2028. We'd like you to be a part of the journey, not follow it.

Notable Press

LATEST ARTICLES:
https://www.thenational.ae/uae/transport/drive-for-efficiency-could-prompt-food-delivery-companies-to-consider-electric-vehicles-1.1060146 https://www.linkedin.com/posts/adamridgway_accelerator-smartpreneur-startups-activity-6693789056213540864-Gr1P https://www.youtube.com/watch?v=boos2Y4ipzc&t=1758s https://www.thenational.ae/business/technology/uae-based-one-moto-aims-to-make-electric-bikes-mainstream-1.982871 https://gulfnews.com/uae/environment/is-it-high-time-the-uaes-delivery-bikes-went-electric-1.69948065 https://truckandfleetme.com/news/one-moto-starts-motoring-as-it-pushes-for-greener-delivery/ https://thesustainabilist.ae/onemoto/ https://www.sme10x.com/entrepreneurship-2/10x-startup-one-moto-introduces-clean-energy-motorcycles-in-the-uae https://www.arabianbusiness.com/transport/426776-dubai-firm-to-launch-cost-saving-electric-motorcycles-in-the-uae https://bikenationmag.com/review-one-moto-electa/ https://www.rit.edu/dubai/collaboration-with-one-moto https://one-moto.us4.list-manage.com/track/click?u=bf4cc5e922c77197030a65824&id=3f1c7ce0a3&e=ea2c29fbce https://www.linkedin.com/feed/update/urn:li:activity:6691582756402536448/

The Business

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ONE MOTO is a tech-driven EV manufacturer focused on the commercial, last-mile and logistics sector.

Our goal is to build the brand equity of ONE MOTO through creating and selling a fleet of inter-connected vehicles, our vehicles are “smartphones on wheels”.

Primary target market: Delivery app aggregators, Logistics, Supermarkets, Pharmacies and Fleet operators.

Secondary market: Consumers and Commuters (E-commerce and dealerships).

Tertiary market: Supplying P2P leasing companies.

In the UAE, we do have competitors targeting the same customers, however all three of them supply petrol vehicles. No other company focuses on the EV delivery market.

The ONE MOTO management team comprises of designers, engineers, business development and relationship managers that have already identified key target customers in the UAE and the GCC.

We have a negative Cash Conversion Cycle and do not need investment for manufacturing. We are raising capital to facilitate the expansion of the business throughout the GCC by building a network of partners to facilitate expansion through dealerships and distributors.

Sustainable commercial transport (delivery motorcycle and vans).

The 2-wheeled EV market is a $22bn opportunity.

15,000 delivery motorcycles in UAE = $52m opportunity
37m motorcycles in India = 90% to be electric by 2025
20m motorcycles in Pakistan = 1.9m motorcycle sales in 2019
1.1m motorcycles in UK = $22m industry value
1m motorcycles in Africa = $9bn industry value 2021
$2.1bn industry value in LatAm = In 2025. Up from $1.5bn in 2019

Industry statistics – UAE / Market statistics - UAE:

Supply and demand for delivery vehicles is out of equilibrium, and covid-19 amplifies a need for one moto.

• High cac for aggregators. $6.2
• Low delivery charge. $1.9
• Operators with sustainability mandate. 40%
• Delivery riders pay (fuel & lease per month). $382

Statistics:

• The global market is on the rise and the growth is averaging 6.8%, mexico, india and africa lead the way.
• 2-wheel ev industry size (africa). $9bn
• Motorcycles in india. 37,000,000
• Motorcycles in pakistan. 20,000,000
• EV stock by 2030 (at 36% growth). 245m units

We are aiming for 100,000 units sold by 2024, which will lead us towards a valuation in excess of $100,000,000

We're raising $500,000 for the below uses (for exact details and strategy please view our complete business plan):

• Design & Concept - new modular fleet
• New Product Development / Prototypes
• App Development
• Web software, licensing and telematics
• Salaries and Expertise
• Legal & Professional Fees
• Marketing and PR
• Leasing Business (stock vehicles) - Operational Cash Flow
• City launch budgets, primarily for securing strategic partnerships

This proposal has a minimum target of $300,000 and will be marked as successful once that target is reached.

We anticipate a potential exit by 2024 with a valuation in excess of $100,000,000.

Potential Trade Sales:

Uber, Bird, Tier Voi, have been active with M&A, with the likes of Tesla, Fisker and Polestar seeing their valuations and raises skyrocket. Industry consolidations of larger manufacturers and OEMs are ongoing, therefore we feel that a trade sale is a likely outcome as we build a brand in our niche.

We anticipate a possible acquisition by a global competitor taking place over the next 5-7 years, which is very likely to yield a high multiple exit to any shareholders present at the time.

The following alternative exit strategies have been considered and approved by the Board of Directors:

We will consider a Share Buyback for all shareholders investing in this round five years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point.

We aim to pay all shareholders an annual dividend whenever possible. This shall ultimately be at the discretion of the Board of Directors, who will approve the dividend payment based on the Company’s annual performance.