The Reversible Variable Transmission – Visionary Transmission for unprecedented Fuel, CO2 and Cost Savings

Project Information

RVT

Grant agreement ID: 683695

DOI

10.3030/683695

Project closed

EC signature date 8 June 2015

Start date 1 July 2015

End date 31 December 2015

Funded under

• SOCIETAL CHALLENGES - Smart, Green And Integrated Transport

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

MAZARO NV
Belgium

Periodic Reporting for period 1 - RVT (The Reversible Variable Transmission – Visionary Transmission for unprecedented Fuel, CO2 and Cost Savings)

Reporting period: 2015-07-01 to 2015-12-31

Summary of the context and overall objectives of the project

Transport is responsible for aprox 25% of all Green House Gases, and a relevant cause for this percentage is the inefficiency of current transmission systems, which in addition are often expensive and bulky, reduce performance/efficiency of the engine, have a short driving range, sometimes need batteries or are not suitable for high torque machinery.
MAZARO’s aim is to commercialize a thoroughly innovative and disruptive transmission technology, the Reversible Variable Transmission (RVT), which avoids usual limitations, creating unrivalled opportunities for cleaner and lower cost transport.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

In order to confirm the feasibility of our project we have carried out a 6-month study consisting on:
- Techno-economic analysis: results show that our technology can be applied to different vehicles and enable significant savings: 21-26% fuel savings with RVT, 11-26% electric savings in EVs with SV.
- Thorough market analysis: we verified that our target markets are relevant, and show great potential for growth: potential target market value of about $42,095 million (2015 values). This, together with the uniqueness of our solution (no competitor has a similar technology) and the favorable legislative context (regarding regulation of CO2 emissions) represents a very promising scenario for the deployment of our technology.
- Updated business and financial plan according to market analysis and review financial forecasts: this demonstrated the economic feasibility of our technologies, with precisely calculated production costs which are realistic and in-line with those of technologies currently in the market.
- Addressing of all kinds of contacts relevant for our project (potential customers, partners and investors), receiving several letters of support/intent.
- Development of complete Execution Plan for the Phase 2 project, including planning, organization, risk analysis and budget.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

We expect to deploy the RVT on a global scale, revolutionizing the market and challenging competitive products on all levels: It will contribute to reducing emissions from transport, reduce production costs of transmissions and enable users extra savings on energy and fuel while increasing driving fun and comfort.
It will also enable our company to grow, both financially- achieving revenues of approx. €76 million and profits of €10.8 million in 2023- and in personnel- we will hire 19 more people.

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