Objective Silex’s goal with the project is to increase its turnover, profit and size by innovation, in order to become a medium sizeenterprise. During the project an 8,5 -9 tons axle will be developed with integrated in-wheel electric motors, for electric/hybridcommercial vehicles (city buses, small trucks distributing products and fork lifts). Currently there are no commerciallyavailable axles designed for these vehicles, which is the novelty of the project. Vehicles using available axles, designed forcombustion engines are heavier; consume more energy then necessary and contain components (propeller shaft,differential), which can be omitted in another architecture. Using the in-wheel motors ABS, ASR, retarder functions will besolved electronically. The axle will be 30% lighter then available ones, reducing vehicle’s energy consumption by 6-8%.Patent search has shown that the key IPs of the project are currently not patented. Technical goal of the project is todevelop, test and verify the axle and build it into a test vehicle to start field tests. Systems, based on the new axle will be2-2500 € cheaper then existing solutions. Lower price plus energy saving, i.e. lower operating costs are the two key salesarguments, which meet market demands. According to our preliminary market analyses, assuming 10% market share in the3 market segments mentioned above, 1500-2000 axles can be sold p.a. which means 15-20 million € turnover and 2,5 – 3,5million € profit. In Phase 1 a detailed Feasibility study will be elaborated, including technical details, project schedule, marketanalyses and strategy in order to co-fund Phase 2, what we estimate to 650-700 k€ as total project cost. Feasibility study willconclude to a business plan for different market scenarios. Investment will be evaluated by payback time and ROI. Businessplan will comply with accounting standards. The project results a small contribution to increase energy efficiency andimprove European competitiveness. Fields of science social scienceseconomics and businesseconomicsengineering and technologymechanical engineeringvehicle engineering Programme(s) H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) IT-1-2014-1 - Small business innovation research for Transport Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2014 Funding Scheme SME-1 - SME instrument phase 1 Coordinator SILEX IPARI AUTOMATIZALASI ZARTKORUEN MUKODO RESZVENYTARSASAG Net EU contribution € 50 000,00 Address Soroksari ut 150 1095 Budapest Hungary See on map Region Közép-Magyarország Budapest Budapest Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00