Hello, My name is, Hermes Ventura, an entrepreneur with a transformative vision and deep-rooted experience as a former convenience store owner. this experience have driven me to reimagine the industry. With a passion for innovation and a tireless commitment to understanding the challenges faced by traditional stores, a long journey of research and firsthand experience. This journey has culminated in the creation of EVO Store, an autonomous chain of C-Stores that revolutionizes the shopping experience.
Why now?
Today, we have a fleet of 2,000,000 electric vehicles (EV’s). According to the 2017 American Housing Survey by the US Bureau of the Census, 66% of US households possess garages or charging points, leaving 34% or 660,000 electric vehicles relying on public charging stations.When the total fleet of 282,000,000 vehicles merges to electric, this will leave a total of 93,000,000 vehicles relying on public charging. If we consider data from the United States Bureau of Labor Statistics and S&P's forecast that 40% - 50% of new vehicle sales will be electric by 2030.
According to the National Automobile Dealership Association (NADA), this would mean 7M new electric light vehicles annually. At this rate It would take another 5 years to reach 50%, making a total of 140M vehicles in US. This projection does not include the federal fleet, which must be 100% electric by 2030 to align with national decarbonization plan objectives.
As of today, we have a fleet of 2M EV’s and 55,000 "stations" with 144,000 charging ports, of which only 33,000 are DC fast chargers, which are of particular interest to us.
However, let's delve into the market's potential. Let's envision that it is already 2035, and we have 140M EV’s on the national roads. Going back to to the United States Census Bureau's 2017 data, only 66% of these registered drivers have garages or car ports, leaving 34% of the 2035 fleet, or 47M EV’s, relying on public charging stations. This is where EVO Store comes in and offers a dynamic retail solution tailored to these public stations. If we currently provide a fleet of 2M only 33,000 DC fast chargers, this gives us a DC fast charging ratio of 60.61. If in 2035, there are 47M EV’s on the roads, the DC requirements would amount to 775,000 fast ports.
According to the American Petroleum Institute, there are 145,000 filling stations in the US, each with an average of 8-12 pumps and an average transaction time of 5-10 minutes. Out of these, 127,000 have a retail operation. Due to the S&P 2035 projection of a 50% electric fleet, 50% of gas stations will be eliminated, leaving a potential market of 63,500 C-Stores.
Considering the need to supply 775,000 DC fast ports at current market ratios, we find an open market of 63,500 C-Stores, which would require an average of 12.5 DC fast ports per station, matching the national pumps' average per station.
From 2011 to 2022, EV’s manufacturer Tesla reduced the charging time of its Model S to 20 minutes. If they maintain the same development speed, we can project the charging time to decrease to 8 minutes by 2030 and 5 min by 2035 equivalent to the average time of a gas station transaction with a convenience store. This positions EVO to operate 12 (third party) DC fast ports functioning 24/7, with an average time of 5 minutes by 2035. Each DC fast port will have the capacity to charge up to 12 cars per hour, or 288 cars per day. This multiplied by 12 gives us the potential of 3,456 customers per station per day.
If we can convert 25% of these 3,456 customers into store purchases, we would have 864 customers daily, with an average transaction amount of $8. This yields a gross income of $6,912 per day, which totals $207,360 per month, and $2,488,320 annually. With an average gross profit margin of 25%, this leaves us with $622,080. Considering the future availability of 63,500 C-Stores, this amounts to $39.5 Billions , with EVO aiming to control 50% by 2035, resulting in $19.7 Billions.Factoring in an optimal product cost of $250,000, this 50% market share would require $7.9 billion, representing only 40% of the annual $19.7 Billion market potential at a 50% electric national fleet.
We must consider the additional advantages of this operation, including cost-free human resources, store managing services, services provided in-store, electric charging fees, private fleet management, and licensing..
To achieve these goals, we need to deploy 4,000 stores annually for the next 15 years. This underscores the urgency of taking action promptly.
The problem.
Traditional C-Stores face obstacles in keeping up with the modern world.
Limited resources, lengthy setup processes, high investments, and inefficient inventory management hinder efficiency. With the shift to electric vehicle infrastructure in a 200B market, adopting a new approach that blends convenience, efficiency, and affordability becomes crucial, directly tackling these challenges. This type of problems replicate into others industry and our product can't be configured for other type of inventory. The Solution is Autonomous Retail and we are patenting the best approach.
Modular.
For these reasons I focused on designed the Modular Human-less Shopping Structure or (MHSS) and prove the concept with the industry with the higher rate of integration. EVO is not planning to be a Checkout-less Technology provider or developer anytime soon. because of this, The MHSS is capable to be linked to the top Friction-less Checkout Technologies in the market. Our patent pending modular drop-shipped structure empowers EVO Stores with rapid deployment, cost efficiency, flexibility, customization, and sustainability advantages. It allows us to create a dynamic and responsive C-Store chain that is agile, and tailored to meet the changing needs in the industry .
Autonomy.
We eliminate reliance on human resources, mitigating labor challenges and rising costs. Our fully automated processes ensure efficient and consistent store operations, freeing up valuable time and resources for store owners. Customers enjoy a 24/7 frictionless shopping experience.
Cost.
Store owners are in an “check” with the current situation of the industry. We are eliminating staffing, high real state cost, permits and construction.
EVO store cost: 50K - 350K
Conventional C-Store: 700K - 1.5M
No Lines .
We are redefining convenience shopping by prioritizing speed, convenience, and a friction-less checkout experience. No screens, no lines, just grab and go!
Flexible.
With only 288-750 (sq. ft.) food print, EVO Store, can be installed almost everywhere and be relocated if needed. comes in 3 presentations with differences features and capabilities.
Dream,
What Digital Cameras did to the photo industry. we are going to do for the ($200B) C-Store industry. Creating the biggest Chain of autonomous C-store, for EV's Charging Stations and other applications.
What make Us the difference.
In frictionless checkout retail, the existing solutions are primarily confined to brick and mortar structures, presenting limitations of cost and construction timelines. Our innovative approach breaks free from these constraints, enabling us to scale faster and more affordably. Allowing us to establish new locations swiftly and cost-effectively.
Our Aluminum and Recycled Plastic 3D Printed Structure offers a superior housing solution, providing long-term advantages over others who rely on repurposed or flexible cargo containers that demand endless maintenance efforts and are not the approach for this equipment sensitive operation.
Big Trends new are part of:
- EV's infrastructure
- Business Autonomy / Ai
- Frictionless Retail
How the money gets made?
Stores sales
Stores Operation
Product Licensing
Store Services.
One last thing,
Some solutions have emerged, utilizing dedicated zones for drone delivery facilities. Common among them is the need for a spacious, controlled, obstruction-free area for final deliveries. With a 3.5 minutes average drive from each other, EVO Network could be the best solution to this problem. We have the possibility to be the autonomous dedicated landing zone for companies in control of the skies in the near future.
While delivery drone capabilities vary by company, most can fly up to about six miles for deliveries. Assuming early operations would be based out of a single location to capture economies of scale, drones would have to return to charge after each delivery. But not if they charge with us, and become part of our Delivery Drop Network where aerial drone deliveries soar to new heights.
Looking forward to discuss how you can be part of this transformative journey.
Hermes J. Ventura