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STROOM Cargo E-Bike delivery system

Location

Stellenbosch, South Africa

Sector

E-Mobility

Stage

Implementation
Overview
STROOM’s locally manufactured cargo ebikes provide a green and cost-effective solution to the increasing need for last-mile and on-demand short-distance delivery. These cargo e-bikes are rented to deliver drivers. The methodology of a fixed station per area is employed, with rental based on two shifts throughout the week and two shifts on weekends. Each cargo e-bike generates 2.5 long-term jobs.
STROOM plans to launch 1000 cargo ebikes and 40 stations between 2024 and 2025, creating a total of 2500 long-term jobs.
All cargo ebikes are IOT (internet of things) enabled, with software that allows easy booking, renting and remote locking by delivery drivers. All cargo ebikes are monitored, incidents can be detected, and roadside assistance is provided to delivery drivers.
Stations provide solar charging, which in turn makes for more effective carbon offset studies.
STROOM has completed a CO2 life cycle study on its cargo ebikes.

Investment Needs

$500 000

Investment Project Type:

Private

Invested Value to Date:

$200 000

Why Investing

1
High Return on Investment through Rental Business Model
Investing in this venture offers a high return on investment, primarily due to the adoption of a rental-type business model. This model is designed to optimise revenue streams by maximising vehicle utilisation. The efficient utilisation of assets through rentals can lead to a quicker return on investment compared to traditional models, making it an attractive proposition for investors seeking lucrative returns.
2
High Social Impact through Job Creation
Beyond financial gains, investing in this venture contributes to a significant social impact by creating jobs, particularly for youth and women. The emphasis on job creation addresses social challenges related to unemployment and empowers marginalized groups, fostering a positive societal change. Investors aligning with projects that prioritise social impact can derive satisfaction from knowing their investment serves a dual purpose of financial success and social betterment.
3
Local Manufacturing for Increased Operational Efficiency
The focus on local manufacturing and support not only promotes regional economic development but also enhances the efficiency of the fleet. By keeping the manufacturing and support processes local, the venture can ensure a more responsive and cost-effective operation, leading to increased longevity and efficiency of the vehicle fleet. This, in turn, contributes to a higher return on investment by minimising downtime and maintenance costs, making it a strategically sound investment choice.
Carlien van Niekerk
Founder
https://www.stroom.co.za/
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