Start Up Electric Vehicle CompanySeeks Partners

A new Detroit company is ready to start production of an urban-based electric Low Speed Vehicle. The product, EcoVElectric, is a road-worthy commercial fleet vehicle with prices starting under $10,000.

Why another electric golf cart? EcoV is far from a golf cart! In fact, EcoV is not for use on a golf course. EcoV is for daily transportation on public roads with speed limits of 35 mph or slower, and it provides a safe, comfortable driving experience.

The team that invented EcoV for EnVironmental Transportation Solutions, LLC is made up of ex-OEM automotive experts, whose knowledge extends from the boardroom to the factory floor to the showroom. They know how to develop and market a safe, comfortable and reliable product for the sustainable vehicle niche.

EcoV is a small mini-car/utility vehicle. Under the attractive bodywork is a welded tubular steel frame similar to that in a race car. EcoV uses current technology, and is built with proven, readily available automotive and industrial components. EcoV is fun, practical and functional.

The owner, Richard Marks, spent 25 years with General Motors, including five on the EV1 electric vehicle.

He then worked for Tier 1 suppliers and during the past four years has been developing EcoV in a full-time, self-funded effort. His “secret sauce” is the unique integration of product, suppliers and process.

Low Speed Vehicles

Street legal in 45 states and limited by law to a 25-mph maximum speed, Low Speed Vehicles offer a real urban transportation solution. EcoV has no emissions, requires no trips to the gas station and is virtually maintenance-free.

With 50 cents of electricity out of a wall outlet, EcoV is recharged and ready to go another 25-40 miles. EcoV is designed for four or six passengers with a rear flip seat to convert to a utility vehicle and pick-up, all with a 1,000-pound payload capacity.

EcoV needs investors to move to the next level. Unlike other electric vehicle companies, EcoV requires only a modest investment and will break even on 1,050 units/yr. With an experienced management team, arrangements to use an existing niche vehicle production line in an empowerment zone, and a realistic marketing plan initially targeting commercial fleet buyers, EcoV can be in production in 9 months. Initial sales will be regionalized and direct; volume production starts in 2009 and retail soon thereafter.