MAZARO 1A
€1,625,000
total amount raised in round
- Backed by over 100 investors
This campaign ended
Market, strategy and business model
The global automotive industry revenues are expected to grow from EUR 5,315 Bn in 2017 to EUR 8,931 Bn in 2030.
The Issuer’s transmissions can be used for numerous applications, in the automotive industry and in others:
· Commercial vehicle industry: MAZARO technology is most suitable for E-trucks, E-buses, E-cars and combustion engine driven trucks, buses, off-highway machinery, lift trucks, quads, tractors. The Issuer’s transmissions are very efficient on these vehicles as they stop and start more regularly. Globally, commercial vehicle production reached 21.8m units in 2020.
· Passenger car industry: Global vehicles sales are expected to reach 69.8M units in 2021 and grow steadily after the coronavirus crisis.
· Other transports such as boats, motorcycles, etc. need transmissions.·Industrial applications.
· The Issuer’s systems can also be used in industrial drivelines, generator sets, compressors or even wind turbines. The Issuer has already been hired in order to study the effects of its systems on the performance of an innovative wind energy capture system.
Furthermore, in the global automotive industry, Electric Vehicles are in need of an adapted transmission as there is not yet a satisfying solution on the market.
The Issuer’s transmissions are well adapted as demonstrated with the e-truck’s road test (16.8% further driving). This is an important opportunity as 1 out of 4 vehicles are expected to be electric by 2030.
The Issuer’s transmissions can be used for numerous applications, in the automotive industry and in others:
· Commercial vehicle industry: MAZARO technology is most suitable for E-trucks, E-buses, E-cars and combustion engine driven trucks, buses, off-highway machinery, lift trucks, quads, tractors. The Issuer’s transmissions are very efficient on these vehicles as they stop and start more regularly. Globally, commercial vehicle production reached 21.8m units in 2020.
· Passenger car industry: Global vehicles sales are expected to reach 69.8M units in 2021 and grow steadily after the coronavirus crisis.
· Other transports such as boats, motorcycles, etc. need transmissions.·Industrial applications.
· The Issuer’s systems can also be used in industrial drivelines, generator sets, compressors or even wind turbines. The Issuer has already been hired in order to study the effects of its systems on the performance of an innovative wind energy capture system.
Furthermore, in the global automotive industry, Electric Vehicles are in need of an adapted transmission as there is not yet a satisfying solution on the market.
The Issuer’s transmissions are well adapted as demonstrated with the e-truck’s road test (16.8% further driving). This is an important opportunity as 1 out of 4 vehicles are expected to be electric by 2030.
Recognition by the industry
During Spring 2021, Airbus and the World Economic Forum organized the “Why stop at zero?” international challenge with more than 150 innovative companies in the mobility sector.
Submissions were evaluated primarily based on relevance, scalability, feasibility and uniqueness. MAZARO was one of the three winners and could join Airbus at the IAA Mobility conference (München, September 7-12, 2021).
This award will also enable the winners to set up cooperation projects with AIRBUS.
Submissions were evaluated primarily based on relevance, scalability, feasibility and uniqueness. MAZARO was one of the three winners and could join Airbus at the IAA Mobility conference (München, September 7-12, 2021).
This award will also enable the winners to set up cooperation projects with AIRBUS.
Competition
All major competitors (ZF, Magna, Allison, Aisin, Eaton, Voith) concentrate on optimizing their transmissions, but their systems have the disadvantage of containing gears, slipping clutches, torque converters.
Their systems are at the limit of optimization; no further gains are possible.
MAZARO’s systems, however, combine and outperform the advantages of the different existing technologies → highest comfort, performance and efficiency.
Their systems are at the limit of optimization; no further gains are possible.
MAZARO’s systems, however, combine and outperform the advantages of the different existing technologies → highest comfort, performance and efficiency.
Early sign of market traction
The Issuer has signed a cooperation agreement with two Tier 1 manufacturers, for the production of transmissions for several vehicles including trucks, e-trucks, quads, with the intention to begin producing transmissions in 2023. On December 22, 2019, the Issuer and Anand, a high standard Indian Group, signed a Memorandum of Understanding and a term sheet.
Accordingly, Anand will produce, sell and distribute the Issuer’s transmissions exclusively in India and neighboring countries. A similar agreement is made with a European company. The negotiations with a third Tier 1 manufacturer for large off-road vehicles are still ongoing. At the moment, the only source of revenues are engineering incomes, with the first royalties expected in 2023. Engineering incomes are registered as other revenues in BE GAAP accounts (below).
Several prototypes for vehicles and a feasibility study for wind power energy are ordered by customers. Purpose is to launch series when the tests in their applications are positive. Their names are protected by an NDA but they will produce the Issuer’s transmissions for end customers across the world:
Accordingly, Anand will produce, sell and distribute the Issuer’s transmissions exclusively in India and neighboring countries. A similar agreement is made with a European company. The negotiations with a third Tier 1 manufacturer for large off-road vehicles are still ongoing. At the moment, the only source of revenues are engineering incomes, with the first royalties expected in 2023. Engineering incomes are registered as other revenues in BE GAAP accounts (below).
Several prototypes for vehicles and a feasibility study for wind power energy are ordered by customers. Purpose is to launch series when the tests in their applications are positive. Their names are protected by an NDA but they will produce the Issuer’s transmissions for end customers across the world:
