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ZED Motors

Location

Benin

Sector

EV & Battery Tech

Stage

Implementation
Overview

ZED Motors (ZED) is building Africa’s largest EV charging network and is seeking to deploy 22 Automated Battery Dispensers (ABDs), and 440 e-motorcycles across Benin Republic. Starting in Benin, ZED has already begun facilitating the EV transition, with the deployment of 130 e-motorcycles and 2 battery swapping stations across major cities in the country. ZED also has a market traction of over 20,000 driver leads, with 80 customer down payments, and has strategically partnered with Indian and Chinese manufacturers, and IoT and digital payment companies for the efficient deployment of its e-mobility solutions. ZED rents these batteries as a service and sells/leases the e-motorcycles to riders. To scale its innovative solution, ZED requires a seed investment of $750k to deploy 440 e-motorcycles and 22 ABDs (each with 12 battery slots), that can support up to 20 e-motorcycles each (hence the 440 e-motorcycles).

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Investment Needs

$750 000

Investment Project Type:

Private

Invested Value to Date:

$0

Funding Gap:

$750 000

Climate Classification:

Mitigation

Why Investing

1
High Impact Solution:
ZED Motors has successfully tested and deployed 130 electric motorcycles and two swapping stations, securing 20,000+ driver leads and 80 customer down payments. ZED’s strategy effectively taps into existing informal taxi motorcycle associations and local food delivery services, demonstrating robust market demand. Additionally, ZED Motors has been endorsed by the Government of Benin and awarded grants from Innovate UK Research and Innovation, highlighting our strong governmental and institutional support, credibility and potential for further backing.
2
Innovative Technology and Competitive Advantage
ZED Motors' ABDs offer a significant edge over traditional manually operated battery swapping stations. These solar-powered ABDs, enhanced by IoT and digital payment solutions, ensure efficient, quick, and cost-effective battery swaps, reducing downtime and operational costs for riders. Also, ZED Motors leverages two revenue streams—battery rentals and EV sales/leases, showing high profitability, with unit-level margins of 35% on electric motorcycles and an impressive 150% on ABDs, ensuring a sustainable and lucrative investment.
3
Experienced Leadership and Strategic Partnerships
ZED’s leadership team brings extensive experience in strategic planning, solar energy, electric vehicle operations, financial management, and international law. Our CEO’s decade-long expertise in international development, combined with the strategic skills of our CPO, positions ZED Motors for successful execution and growth. Collaborations with Indian and Chinese manufacturers, IoT and digital payment companies, and the establishment of a Global Expert Advisory Committee strengthen ZED Motors' operational capabilities and innovation potential, crucial for scaling and maintaining a competitive edge in the market.
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