Surya Conversions builds hybrid electric conversion kits for auto rickshaws in developing countries beginning with India. The novelty in our approach is that rickshaw drivers and owners that already own their vehicles don’t need to buy a brand new expensive electric or CNG rickshaw built from the ground up. Instead, they can purchase a kit, and after a simple installation, their vehicles will emit less pollution and have a significantly higher gas mileage. The conversion kits will show positive impacts much more quickly than the relatively costly and time-consuming path of phasing out gasoline-powered rickshaws in favor of hybrid-powered ones. Our kits for rickshaws have not been made by any other company, so as the first to market for this product, Surya Conversions has a unique opportunity to revolutionize the growing hybrid auto rickshaw industry. We will reduce rickshaw pollution while putting money back into the pockets of cash-strapped rickshaw drivers struggling to support the...
Surya Conversions builds hybrid electric conversion kits for auto rickshaws in developing countries beginning with India. The novelty in our approach is that rickshaw drivers and owners that already own their vehicles don’t need to buy a brand new expensive electric or CNG rickshaw built from the ground up. Instead, they can purchase a kit, and after a simple installation, their vehicles will emit less pollution and have a significantly higher gas mileage. The conversion kits will show positive impacts much more quickly than the relatively costly and time-consuming path of phasing out gasoline-powered rickshaws in favor of hybrid-powered ones. Our kits for rickshaws have not been made by any other company, so as the first to market for this product, Surya Conversions has a unique opportunity to revolutionize the growing hybrid auto rickshaw industry. We will reduce rickshaw pollution while putting money back into the pockets of cash-strapped rickshaw drivers struggling to support their families on a daily basis. Smog is a huge problem especially in larger cities like Mumbai and New Delhi, and acid rain and ozone damage are concerns as well. Furthermore, pollution is the leading cause of illness and premature death in many Asian countries, with 1.4 million people dying each year as a result in India alone. With our kits, we will eventually reduce pollution from rickshaws by 33%, which, when our kits are implemented on a large scale, is equivalent to taking 1 million cars off the roads of India! We will also prevent over 20,000 pollution-related deaths and hundreds of thousands of pollution-related illnesses. Additionally, auto rickshaw drivers only make an average of $6,400 per year. Factor in the amount that they must pay to rent their vehicles and their gasoline costs (one-third of their total annual income) and they net just $1,800 per year. Which is why we use the SolarCity model. A bank will loan us the cost of the hybrid electric conversion kits upfront and Surya will install and perform maintenance on the kits. Because drivers will save $50/month Surya will charge $25/month to rent the conversion kit. Giving us a $1.5 billion dollar market in India alone and allowing all rickshaw drivers to easily afford our kits.
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