This startup is requesting $3 million USD with an EBITDA of $35M at the end of 5 years; an attractive payback of 10 to 1. The global low speed vehicle market is projected to grow at 8.6% to reach a market size of USD 6.3 billion in 2025 from 4.2 billion in 2020.
Market Size and Forecast
The golf courses segment accounted for the largest market share of 49% in revenue terms in the overall electric low speed vehicles end-user segment in 2016 by generating revenue of USD 2.740 Billion in 2016 globally. The rising popularity of golf sports and reinstate of golf sport in Olympic Games in 2016 is increasing the number of golf courses across the globe. A total number of 269 golf courses are under construction across the globe. These projects are estimated to be finished by the end of 2021. The rising numbers of golf courses with advanced facilities are expected to boost the demand for electric golf carts
. The global electric low speed vehicles market was valued USD 3.372 Billion in 2016 and further the market is expected to garner USD 5.119 Billion by the end of 2023. The market is anticipated to register a CAGR (Compound Annual Growth Rate) of 6.50% during the forecast period i.e. 2016-2023.
The key factors driving the global low-speed vehicle market are increasing emission standards, rising adoption from the geriatric population and the rising trend of using LSV in gated communities, hotels & resorts, industrial facilities, golf courses & college campuses. North America is estimated to be the largest market in the global low-speed vehicle market.
The key factors driving the global low-speed vehicle market are increasing emission standards, rising adoption from the geriatric population and the rising trend of using LSV in gated communities, hotels & resorts, industrial facilities, golf courses & college campuses.
The BEZ Company recognizes the need for the continued small business growth in Lehigh Valley. It is not a secret that many small businesses have a difficult time surviving, much less competing in the market. Often, inexperience or limited capital flows gives an innovative idea or service with immense potential to failure.
BEZ recognizes the potential in the ideas and in the services provided by these small businesses. Furthermore, it recognizes the potential in the talented people who are a part of these organizations. The ideas and offerings that come out of small businesses can literally be industry changing. With the proper guidance, vision and funding, these small businesses have the tremendous potential to be innovative and competitive with their offerings and leaders in their industry specialty.
What is special about BEZ, a startup company, is the strength of experience in its executive team and the niche specialty ecofriendly products it provides to street legal and off-road low speed vehicles (LSV). BEZ has the potential for rapid growth due to a substantial expanding industry segment over the next 5 years and beyond. The structured phased in business model is as follows:
Global Electric Low Speed Vehicle (LSV) Market Overview
The global electric low speed vehicles (LSV) market has been segmented by vehicle type into golf cart, electric personal utility vehicle, electric low speed off road vehicle and electric low speed heavy duty vehicle. Among these segments, the golf carts had the highest market share of 44% in overall global electric low speed vehicles (LSV) market and are expected to dominate the market during the forecast period.
Rising oil prices and increasing air pollution in developed regions are some of the major factors which are uplifting the trend for low speed electric vehicles. The growing demands for fuel efficient and low maintenance LSV’s is creating a huge pressure on the low speed vehicles manufacturers to enhance the technology of LSV’s. The industry is also growing on the back of technological advancements in these vehicles. It has been notified that the population all over the world is inclining towards economic transportation vehicles due to cost saving factors. In addition to this, various end-use industries including hotels, golf courses, airports and others are shifting towards low running cost vehicles for commuting purposes.The key factors driving the global low-speed vehicle market are increasing emission standards, rising adoption from the geriatric population and the rising trend of using LSV in gated communities, hotels & resorts, industrial facilities, golf courses & college campuses.
Vision for BEZ
The closest competitor to BEZ is GEM Car acquired by Polaris Inc. in 2016. Over the years the GEM vehicle design has lost many of its popular and innovated features creating a pathway for BEZ to capture a segment of the market previously owned by GEM. As BEZ moves into this market it will capture a substantial part of this growing niche market segment and from other existing competitors.
Approach to Markets
BEZ plans to utilize the successful Tesla Motors marketing approach. There will be a sales organization at the headquarter location. Customers will order their selected LSV through the internet. Customer sales support personnel will process all transactions including qualifying the customer. Vehicles will be shipped to the customer by commercial trucking.
After sales service will be provided by the customer sales support personnel and/or the national service locations throughout the country. The initial marketing will be in the top 20 markets in the country which will conform to the initial service center locations and individual market demand.
Initial Target Markets
BEZ will have kiosks initially in the 20 top markets which will display an actual LSV in high demand shopping centers and an aggressive radio and TV advertising campaign.
BEZ Initial 5 Yr. Projection 9.20.20
| | | | Year 1 | Year 2 | Year 3 | Year 4 | Year 5
| Estimated EBITDA | | $137,500 | $237,500 | $1,360,449 | $10,718,966 | $26,413,794
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