Company Description
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EAV is an innovative, market leading, urban specific OEM focused on operating within the inner ring roads of cities and towns. We have created an eco-system of vehicles that are specifically designed for stand-alone use, or as part of the EAV eco-system.
We solve major pain points for companies moving anything in or out of urban environments. Today, we do this via our main product, the EAV2Cubed, a battery-assisted eCargo bike for last-mile applications. Engineered down from a traditional light commercial van, this microvan combines generous cargo space, stability (due to its 4-wheel design), operational range and weather protection, all at an attractive price point.
We have gained significant traction with blue-chip customers including Amazon, Fedex, Evri and Veolia, and have expanded from the UK market overseas. We are also working with a leading global auto OEM to increase production efficiencies and expect to outsource final assembly of the EAV2Cubed from Q4 2023.
Monetisation strategy
Our current EAV2Cubed eCargo bikes can be purchased by customers, either as cash purchases or financed by banks and specialty lenders. Our customers are typically businesses, and range from blue chip companies to sole traders.
In the future, we plan to provide "EAV As A Service", a subscription model for our customers, enabling them to pay a single monthly payment for a solution that includes the bike, insurance and preventative maintenance.
In addition, EAV plans to build an international distribution network and has already started discussions with potential partners in Europe and the Middle East.
New products based on our eCargo chassis, which are currently under development, will also be offered to our customers and include:
- EAVme: a personal mobility solution that opens a new B2C market for EAV
- EAVgo: a taxi version capable of carrying 2 people or a wheelchair passenger
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