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FULL&FAST
WHAT IS FULL&FAST?
Full&Fast is a company established in 2017 which is specialized in the design, manufacture and commercialization of energy accumulators that substitute traditional gensets and diesel generators.
The company's goal is to lower the cost of the energy supplied and to facilitate access to users who do not have another power source. This may be because they are in a remote location where the presence of electric chargers is limited or because they need to have a safer and more efficient device, as compared to stand-alone generators powered by fossil fuels. Full&Fast develops its activity under three lines of work. Two of them are complementary to the main one.
- Chargers by accumulation: they replace gensets and generators powered by gasoline and diesel.
- Fixed load structures.
- Mobile chargers: This line of work is the company's main development. It consists of a "plug and work" accumulator of bidirectional portable electric energy that can power electric vehicles, premises, trailers, communication antennas or other compatible devices for several days before recharging. The mobile chargers combine the two previous lines and can be used as a fixed or mobile source.
BUSINESS MODEL
Full&Fast's current business model is B2B, based on the sale of third-party energy equipment. This is the only revenue stream that Full&Fast has so far, as monetization from the sale of its own technology is not expected until the second quarter of 2023 when the commercialization of portable equipment will take place.
The marketing and distribution of its energy solutions is indirect, as it is carried out by third parties: installers, energy consultants and successful commercial agents. Full&Fast provides the product and the line of work of electric mobility to those companies that have offered or offer energy transition projects to other companies.
WHAT MAKES FULL&FAST AN ATTRACTIVE INVESTMENT OPPORTUNITY?
- Strategic agreements with first level institutions for the development and construction of the technology.
- Exclusive distribution agreements for equipment and components from the best suppliers in Europe.
- Multidisciplinary management team and advisory board, with great technical knowledge and extensive experience in the sector.
- Market in an incipient stage with great growth possibilities.
- Project supported by non-repayable grants for technology development.
- The company has no debt.
WHAT IS THE DESTINATION OF THE FUNDS??
With a pre-money valuation of €850,000, the current round of financing of €300,000 will go to:
- Development of proprietary technology for the chargers.
- Expansion of the commercial team.
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Investment details
