Revolutionizing African Mobility through Electric Carpooling
My startup, S E A M, is transforming the future of mobility in Africa. We provide affordable, sustainable transportation adapted to existing infrastructures via our locally manufactured, solar and battery-powered vehicles. We leverage micro-factories for production, and small shops for battery swapping. Additionally, our community carpool services are augmented by an app optimizing travel through data analytics.
At SEAM, our mission is to make green mobility accessible and affordable in Africa via solar-powered carpooling.
Our customers are everyday commuters in Africa, mainly female and young, seeking efficient, affordable, eco-friendly transportation alternatives and businesses focused on green logistics.
cost of transportation, lack of comfort of collective existing solutions, maintenance mess for aged thermic vehicles
most cities in Africa are congested with average old cars and overcrowded poor buses, while taxis are too expensive for many and quality of polluted air is poor
Our solution is eco-friendly 3-4 seat quadricycles that take less space, are silent and cost-effective. Coupled with our carpooling app that financially benefits the drivers.
At SEAM, we build eco-friendly solar and battery-powered vehicles, made locally in Africa for affordability. We employ micro-factories for production and small shops for battery swaps to keep costs low. With an app that optimizes travel through data analytics, our carpooling services cater to commuters and businesses looking for a greener way of transportation. Consequently, we are addressing the high transportation costs, comfort issues with existing solutions, and maintenance challenges associated with older thermic vehicles. Technologies useful: Solar
Customers can buy or lease our vehicles and rent batteries. Ride charges via our app cover driver costs, with us taking a 20% commission. Battery swaps are additional.
SEAM offers efficient, affordable green mobility to African commuters and businesses with our solar-powered carpooling and locally manufactured vehicles.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is general management and I'm responsible for guiding the strategic direction, spearheading marketing efforts, and initiating partnerships.
Consider adding a Human Resources Director to handle staff recruitment and retention, also, a Customer Service Director is important for managing customer relations.
Our primary competitors are traditional auto manufacturers, ride-sharing companies like Uber and Bolt, and local public transport systems in Africa. Additionally, we compete with any upcoming electric or sustainable transportation startups within the region.
Our light electric vehicles offer unparalleled value to African consumers, prioritizing cost-effectiveness over ecological aspects. They are locally made, supporting the economy, and come with a shared-driving app that fosters community while optimizing costs.
Vehicle margin: $1500 or $75 per month Margin on batteries: $5/battery/month Commission on passenger trips: 20% of $1 = $0.20
We offer a comprehensive overview of current light EVs, identifying opportunities for an ultra-efficient proprietary model; underpinned by rigorous qualitative market analysis.
We have successfully executed range agreements and established two micro-factories along with a state-of-the-art showroom. Our demo vehicles are ready for viewing, and we've launched our online brand presence inclusive of an e-shop and website. Furthermore, we've developed and released a user-friendly carpooling app. To date, we have gained 50k subscribers with 5k pre-sales transactions recorded.
Number of unique website visitors
Our company incorporated in
Mauritius or Luxemburg
Main risks include potential regulatory hurdles, swift changes in technology rendering existing solutions obsolete, possible resistance to adopting electric vehicles locally and competition with large mobility firms that may enter the market.
$
50000
We raised investments
family offices and business angels are seeked at this stage.
$
5000000
Currently, we are raising investments
$
25000000
Estimated pre-investment valuation of the company
We're actively pursuing direct endorsement from an African head of state, positioning their nation as a leader in our startup venture.