Company Description
You’ve likely seen Teslas on the road, as electric vehicles (“EVs”) have become very popular alternatives to internal combustion engines. Their popularity is expected to only go up, as the number of EVs on the road within the U.S. alone is expected to increase ten-fold by 2030, from 2020 levels.ii However, range anxiety can be a concern for potential EV buyers.iii EV Solar Kits (“EV Solar”) is attempting to capitalize on their popularity while solving issues EV owners face by developing portable solar charging kits. By focusing on charging accessibility, it is developing products engineered for individuals on the move with solar kits that can be attached to the rooftop of any EV. Additionally, EV Solar expects to roll out extendable solar panels kits for additional charging capacity while parked, perfect for long-haul travelers. The company has already captivated over 100 EV owners with its kits, who have pre-ordered over $180,000 worth of rooftop and extendable kits specifically made for the Tesla Model Y and 3. While the company expects to fulfill these pre-orders in Q2 2023, it has also just launched a universal solar panel kit for any EV owner, which is expected to begin production in Q1 2023. To fulfill its production needs, EV Solar has engaged a supply chain partner that plans to help expedite its initial go-to-market phase. It has also filed a provisional patent for the manufacturing, installation, and deployment of the kits (rooftop flex panels, extendable assembly, and solar generator). Long-term, the company is looking to expand its aftermarket kits to include solar panel attachments for larger EVs, including the Tesla CyberTruck.Founded in August 2021, EV Solar Kits’ traction to date has been entirely organic, as the company has not spent a single dollar on advertising. Part of its growth can be attributed to CleanTech entrepreneur and marketer, Steele Wasik, who leads the company. Wasik previously founded a CleanTech company that operated within the solar industry and recognized an opportunity to help make affixed assets more useful for those on the go. The company has already raised $120,000 and is seeking additional capital as it prepares to produce a prototype and bring their product to the market.
Key Deal Facts
Customers pre-ordered $180,000 worth of solar-power kits designed for electric vehicles, EV Solar achieved its pre-orders with zero marketing spend, EV Solar’s kits are designed to provide comparable range enhancements at a 75% discount compared to manufacturer range upgradesi, On top of its solar rooftop and extendable solar panel kits, EV Solar Kits is planning to develop an after-market pickup truck solar panel bed for EV trucks like the Tesla Cyber Truck