Drivee is an electric powertrain company that provides electric conversion kits for medium sized trucks in the commercial market. Drivee’s conversion kits will provide the benefits of lower maintenance and operational cost of an electric vehicle, but at a reduced cost of acquisition for customers, allowing for conversions of existing fleets of trucks. In addition, the conversion to electric powertrains will add years of utilization to the converted truck, creating a one-time change in the depreciation schedule, improving net income. Drivee has four potential revenue streams; the initial sale and application of the conversion kit, service contract for the electric powertrains, scrap value for internal combustion engine taken out of the vehicle, and financing for the conversion kits. Drivee’s mission is to provide electric vehicle technology and services to companies for cheaper, all while pushing the zero-emission agenda and creating a cleaner future for the trucking and logistics industries.
Although Drivee will begin as a conversion company, the goal is to become a complete electric powertrain provider. Drivee will initially reduce technology risk around electric powertrains by leveraging existing technology in the marketplace. Over time, through acquisition and R&D, Drivee will bring the development and production of raw materials required to create electric powertrains in-house, allowing us to have full control over design and modularity, along with managing production supply needs. The end goal is to be the electric powertrain version of Cummins Diesel or Detroit Diesel, allowing us to apply this technology to trucking and logistic companies, Trucking manufactures, and other sectors that utilize heavy machinery, such as construction and mining. This also allows us to identify verticals for potential penetration, such as the manufacturing our own vehicles. Drivee will become the market leader and expert on the application of electric powertrain technology for the commercial industry. more