"The Phase 1 Feasibility Study has allowed SUM to enhance their knowledge of the existing technologies and competition, existing CO2 regulations and Internal Combustion Engine standards; to deeply analyse the engine application to small passenger vehicles; to develop an industrialization plan; and finally to develop a commercialization plan and to establish a viable business model.
SUM has achieved the technical and business feasibility objectives defined in the PH1 proposal, by identifying profiles of key stakeholders, carrying out a deep market discussion with the leading OEMs, conducting comprehensive market, customer and risk analysis, considering market entry barriers and competition, preparing the IP and marketing strategy and 5 years financial projections; defining a minimum viable product, establishing the engineering and the industrialization plans.
The Feasibility Study also showed that the Anyoon engine can have a rapid market penetration and reach the BEP in the second year. SUM’s asset light business model avoids massive capital investment and enables the rapid scale-up of manufacturing from the leading OEMs to European vehicle manufacturers. #Dieselgate scandal that recently overwhelmed the world, has completely pushed automotive companies to invest in ‘eco-friendly’ vehicles.
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