Question by : Where can I find funds for solar energy & electric vehicles start up business?
Soletev is a new business providing high-quality, full service distribution of solar systems, electric vehicles, electric charge stations and energy storage, specialty solar energy and electric vehicles-related supplies to off grid solar systems to home & business users & electric vehicles with electric charge stations throughout Southern California & SE Asia markets.
The principal owners are Tung Vo and Hanh Nguyen, whose combined experience brings office management, high levels of customer service, and over 20 years in marketing and sales management. At this time we are seeking additional equity capital to compliment our own investment and are seeking to arrange a bank line for working capital and receivables financing. We have firm commitments to distribute several high-quality new age off grid solar systems, energy storage, electric vehicles & charge EV stations, and have verbal commitments from independent distributors & wholesalers throughout the Southern California & SE Asia to carry our products. We currently have three solar system modules; M-24-00, M-24-01 & M-24-02 and two electric scooters in our branch office in Tan Phu, Vietnam for the demonstration of their functionalities. We plan to distribute our first products within 90-180 days of finalizing financials arrangements.
Sales projections for Soletev are estimated to begin at approximately $ 3,904,360 the first year, increasing to approximately $ 7,808,720 in Year 2 and approximately $ 11,713,080 in Year 3. Our net profit is projected at approximately $ 780,872 the first year, increasing to $ 2,342,616 by the end of the third year of operation. This based on a 20% net profit margin.
Distinguishing characteristics of our business will be the combination of management experience, sales and distribution networking relation in SE Asia, high-quality, innovative products and exceptional customer service. In particular, what really sets up apart is that we are the ONLY exclusive distribution company for MCV of San Diego, BYD of Southern California, SI of Shanghai, China & ZEV Corporation of West Virginia for Southern California & SE Asia distributing solar systems, solar energy storage, electric vehicles and electric charge stations. In addition, Soletev is going to partner with Minh Anh Corporation & Thuy Tien Group to manufacture our own high end but very affordable all electric scooters for Vietnam market using US high quality specs.
•To open and operate a successful distribution company for solar technologies including solar systems, solar energy storage, electric vehicles charge stations and all electric vehicles in the Southern California and SE Asia market
•To employing eight to fifteen employees the first year.
•To obtain at least 1 main distributor and/or 1 wholesaler for one of the 6 countries; USA, Vietnam, Laos, Thailand, Cambodia & Philippines the first year of operation.
•Sell a minimum of 300 solar systems,120 e-scooters, 2 energy storage & 4 EV stations.
•Achieve first year sales of $ 3,904,360 and maintain gross profit margin of 20%.
•To produce a net profit of at least $ 780,872 by the end of the first year of operation.
•To break even end of first year of operation & maintain 20% net profit margin thereafter.
Answer by J.
US Small Business Administration. (US government) http://www.sba.gov/
You might try also the California Department of Commerce. They might have some contacts to individuals, ventrure capitalists who have wanted to cultivate business in the state, or potentially grants or tax exemptions as well. Start here: www.ca.gov Then go through the departments such as Secretary of State’s office for corporate registration, and the department of commerce.
It looks like you have the essentials to provide a sound business plan presentable to any of the first three entities mentioned, and the fourth might seek more information, or they may be adequately informed from your summary to direct you accordingly.
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