UBCO hosted a webinar for interested investors with a short presentation from CEO Tim Allan, followed by a Q&A session. To watch the event, click through below.
The information presented on this online offer page is available in PDF format through the link below.Download PDF
UBCO was founded on the idea of a Utility Electric Vehicle (UEV) that would transform the way people ride, work and play.
Since it was established in 2015, UBCO has evolved into a digitally connected Utility Electric Vehicle (UEV) platform including on and off road transport, two and four wheeled portable power, accessories, and cloud-based software.
Founded in New Zealand, UBCO can now be found in international markets including the United States, Australia and Europe.
UBCO develops, markets and distributes Utility Electric Vehicles (UEV) which have three connected products and services: Portable Power, Accessories and Subscription Software. We generate revenue by selling these products and services both directly and through an approved dealer network.
UBCO developed its first utility electric vehicle (UEV) the 2x2 as a platform vehicle in 2015. The focus was getting the vehicle into the widest possible range of applications, geographies, and climates to understand what really drives off road performance in an electric vehicle. Our customers have prized its lightweight, quietness, simplicity, safety and utility features.
This product platform combines UEVs with three enabling products and services: Portable Power, Accessories and Subscription Software to provide a sticky eco-system that increases lifetime customer value.
The interchangeable portable power system that can be used independently of the vehicle combined with UBCO’s SaaS overlay provides a blank canvas for a wide range of real world applications from farming and tourism to delivery, conservation, commuting and emergency services (to name a few).
The drivetrains of UBCO’s 2 and 4 wheeled UEVs are engineered with two different approaches. Instead of a traditional drivetrain with chains, gears and clutches, UBCO has developed a robust hub (wheel) motor and vehicle control system for low speed utility applications. For higher speed applications we have developed a drivetrain which uses a centre motor drive train.
A blue ocean opportunity exists as most of the electric vehicle investment has been focused on the on-road market, where as UBCO’s target market uses include outdoor and recreational, agriculture and commercial, and urban commuter applications.
UBCO has rapidly iterated its successful first product and is moving very quickly to expand. Our growing portfolio of knowledge and IP in the area of off road electric vehicles provides an ideal opportunity for strategic investors. Our products have created a new market category and are complementary and additive to leading manufacturers such as Polaris, Canam and John Deere.
There is a fleet of 10 million Utility Vehicles in the US. Electrifying this fleet presents a significant opportunity for the brand that can successfully commercialize the platform to lead this revolution.
UBCO has three key markets globally: agriculture and farming; recreation and adventure; urban and metropolitan, with proven sales and adoption in agriculture and recreation. UBCO has successfully entered the New Zealand, Australian and North American markets, and entered Europe in 2019.
UBCO’s primary focus is the North American off road recreation and commercial markets for both 2 and 4 wheel vehicles ($12.7b USD / $19.2b NZD) alongside naturally competing in the on road market ($6.21b USD / $9.4b NZD). Recreational usage includes hunting, camping, RV touring and recreational riding. Recreation is expected to be a key sector for UBCO especially in the United States, where 40% of the market is off road recreational. Commercial usage includes UBCO’s initial market of agriculture but has quickly grown to include commercial fleets for postal services, tourism, conservation, civic service operations and delivery operations.
UBCO has an established presence in NZ, AU, US and EU and sells to a network of UBCO-approved and trained dealers. With a growing network over 110 dealers globally selling UBCO 2x2s and products. Within 5 years UBCO plans to grow its global presence focussed on three geographical regions – North America (United States and Canada), Europe (EU, UK, Norway and Switzerland) and Australasia (Australia and New Zealand).
UBCO has developed a sticky product ecosystem that utilizes an interchangeable power supply across all its UEV’s, providing on demand power enhanced by a SaaS overlay, giving users control and advanced ownership features.
UBCO’s board has elected to extend the current round to provide adequate capitalisation to drive growth in product, inventory and market development and to take care of some existing transactional elements that were not able to be captured in the Series A transaction.
The board has elected to retain the price at the existing round pricing due to the LP Co-Invest right accorded to GD1 Fund 2 as a part of this transaction.
The Capital is being broadly applied to Product, Technology and Market Development.
It's crucial for you to understand the characteristics and risks of this investment opportunity. New Zealand law normally requires people who offer financial products to provide in-depth information to investors before they invest. The usual rules do not apply to offers by companies through Snowball Effect. As a result, you may not be given all the information you need to make an informed decision. Investing is risky. Some of the key risks include loss of capital, illiquidity, lack of returns, dilution, loss of key people and customers, and lack of control. You should only invest money that you can afford to lose.