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Askia Lova Electric Vehicles

Project No: #18797
Capital needed
USD 600,000
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Minimum investment per investor: 100 000
Country: South Africa
State: Gauteng
Reason for needing Capital: Project Launch
Stage: Pre-Startup
Ideal Investor Role: Equity partner
Highlights: Askia Lova is an electric vehicle company that started in 2015. The company is already registered with a level 1 BEE rating. Askia Lova also holds a provisional pending patent that was designed and build to help feed our battery pack to give our electric vehicle a longer driving range. More information will be provided upon agreement.
What you offer to investors?: In return of investors investment, will Askia Lova offer our investors 8 - 20 percent equity stake.
Business plan:

Hi All,

I am Grant Louw, owner and founder of Askia Lova Electric Vehicles. Askia Lova was started with a vision we have. As charging facilities are not easily available, especially in developing countries, Askia Lova invented a new form of technology and have a pending patent application already. We do not have a working prototype as of yet, as we are currently working on our project. However, we have build and tested our invention on a small scale and have accomplished successful results. Our goal is to build a bigger testing model, whereby we will test our electric vehicle around South Africa, before testing internationally. Our main goal is to drive more than 1000 kilometres on a single charge, and all that will be accomplished once our test vehicle is ready.

We are currenly focusing on approaching potential investors to invest in Askia Lova. We are in need on $500 000 - $ 1 000 000 in funding to start the next phase of development. In return of your funding will we give 8 - 20 percent equity sake in Askia Lova. Your funding is of utmost importance to Askia Lova, as a huge return in investment is to be achieved once we start production.

I hope that the information provided above suits you all well, and hope that we can work well together to build a well established electric vehicle brand.

Yours Faithfully,
Grant Louw.

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