We are looking to raise up to £1m in this round in return for equity.
Capital growth is expected to be in the range 3-10 times within 3 years.
There are over 2.7 million heavy goods vehicles sold globally annually.
In the short-term income will be generated by licensing the Software models and “know-how” to development partners, who will commercialise the Electric Engine for the large truck manufacturers.
In the medium to long term (patent protection for a minimum of 18 years), income will be generated by charging a royalty for each Electric Engine module manufactured.
Electrification of the power train is the first step in using any alternative power source, whether this will be the Electric Engine, battery or Hydrogen fuel cell.
The modularity of the Electric Engine means that it can be used for the vast majority of applications immediately but can be replaced by greener power sources in the future.
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