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.