Periodic Reporting for period 1 - RVT (The Reversible Variable Transmission – Visionary Transmission for unprecedented Fuel, CO2 and Cost Savings)
Período documentado: 2015-07-01 hasta 2015-12-31
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.
- 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.
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.