What’s genuinely striking is just how under-institutionalised this asset class remains. Vehicles represent the fourth-largest physical asset class globally, valued at approximately $15 trillion, yet only 3 to 5% is institutionally held. Compare that to aircraft at around 60%, data centres at 40 to 50%, real estate at 35 to 40%, and even farmland at 25 to 30%. The opportunity before us is enormous.

As our team have been building #ONEMOTO, we’ve witnessed this transformation first-hand. Over the past year, we’ve been developing opportunities across Eastern Europe, the GCC and Latin America, meeting with institutional investors, syndication partners, fleet operators and delivery platforms. We’ve secured a $20m term-sheet, genuine interest and demonstrated real market need. We’re now finalising our first fleet-backed transactions across the GCC and Eastern Europe, aiming to convert over 10,000 electric #delivery vehicles into yield-producing real-world assets (RWA), with Web3 playing a significant role in our transition.

We discuss the macro shifts behind this opportunity and how data and AI are enabling a fresh approach to vehicle investing, grounded in the execution of our own strategy at ONE MOTO.

Why Now: The Last-Mile Delivery Revolution

Several converging trends have set the stage for delivery vehicles to become an institutional investment. The e-commerce boom continues unabated, and consumers increasingly expect same-day or next-day delivery as standard. The last-mile delivery market is experiencing unprecedented growth, driven by changing shopping habits and the permanent shift towards online retail that accelerated during the pandemic.

This doesn’t mean fewer delivery vehicles on the road; quite the opposite. It means dramatically higher demand for purpose-built delivery fleets, whether that’s electric motorcycles for urban parcel and food delivery or light commercial vans for larger loads. For those who supply and manage these fleets, this translates into robust, predictable demand for vehicles as a service, paid for by #logistics companies, #ecommerce platforms and delivery startups on a usage basis.

Institutional capital is already familiar with vehicle assets in other sectors. The European leasing and rental industry financed approximately €448 billion in new assets in 2023, an increase of 10.8% over the prior year. Notably, about 74% of that (over €330 billion) went into automotive assets, including commercial vehicles. Banks, leasing companies and funds are already acquiring vehicles in volume and leasing them out, effectively treating them as yield-generating assets. This institutional activity demonstrates the concept: vehicles can be yield-generating, portfolio-managed assets.

How does this impact the last-mile delivery vehicle sector specifically? Here’s the reality: globally, there are over 300 million delivery vehicles made up of motorcycles and light commercial vehicles. This is our market. This is our focus at ONE MOTO.

Meanwhile, macro-economic conditions have created a new urgency. High interest rates and inflation have made traditional vehicle financing more expensive, squeezing operators who need to refresh or expand their delivery fleets. Many mid-tier logistics companies and delivery startups simply can’t shoulder the debt load of purchasing more vehicles at today’s rates, nor can smaller operators easily access bank financing. In response, we’re seeing growing demand for leasing solutions that can scale, creating a clear opening for purpose-built vehicle #investmentfunds to step in with structured fleet financing.

The push for #electrification in #urbandelivery is backed by both government mandates and consumer pressure, adding tremendous momentum. Cities across Europe and beyond are implementing zero-emission zones, effectively requiring electric delivery vehicles for last-mile operations. However, this transition brings challenges that sophisticated investors are uniquely equipped to manage. Electric vehicles have introduced significant residual value uncertainty. The sharp decline in used EV prices over the past two years has challenged traditional leasing firms, forcing them to adapt by extending lease terms, exploring new resale channels and negotiating buyback arrangements to mitigate losses. Rather than undermining the asset class, this volatility underscores the importance of a more agile, data-driven approach to fleet management under an institutional strategy. This is precisely what ONE MOTO is building.

AI Turns Delivery Vehicles into Data-Driven Assets

If the macro trends provide the “why” for this asset class, technology provides the “how.” Managing thousands of delivery vehicles for profit is inherently complex, but today’s data analytics, connectivity and AI tools make it not only feasible but genuinely attractive. Real-time data and AI allow us to manage fleet assets with a level of precision and foresight that was unimaginable even a few years ago.

Consider the impact on a fleet’s biggest cost: depreciation. Depreciation can represent 40 to 50% of a delivery vehicle’s total cost of ownership, but it’s now a manageable risk. With IoT telematics and AI, we can preserve residual values by actively managing each vehicle’s life cycle. At ONE MOTO, we use data platforms to track maintenance schedules and predict repairs across our delivery motorcycles and vans, scheduling service before breakdowns occur. This reduces wear and tear and avoids the sudden loss of value that comes from major mechanical failures. It also dramatically slashes costly downtime, which is critical when vehicles need to be on the road generating revenue.

Telematics allow us to ensure vehicles are used in ways that protect their value. We monitor mileage, charging patterns and usage intensity, receiving alerts for any excessive wear or potential issues. If an electric motorcycle in the portfolio is being operated outside optimal parameters (perhaps inadequate charging habits or overly aggressive riding), we know about it immediately and can intervene. These data-driven controls translate into tangible financial outcomes: better-maintained vehicles fetch higher resale prices and suffer fewer unexpected losses.

AI and analytics are also reshaping how we underwrite and allocate capital for vehicle investments. Instead of relying solely on historical averages, we can model fleet performance with granular data. We can underwrite deals by analysing delivery route data, package volume forecasts in a city, and operator reliability metrics. We can price risk on a per-mile or per-delivery basis and structure financing with dynamic terms. For example, revenue-sharing leases or usage-based financing can align the interests of fleet operators and investors in real time.

To illustrate, think of how airlines and aircraft lessors manage jets: every plane’s hours, cycles, maintenance status and market value are meticulously tracked to optimise its lease and resale. We’re now applying a similar playbook to delivery vehicle portfolios at ONE MOTO, using connectivity and AI to treat each motorcycle and van not just as a vehicle, but as a data-emitting, revenue-generating asset with an optimised life cycle plan.

Not just a Thesis: Building ONE MOTO

When we set out to unite Web3 with the mobility sector, bridging the tangible and intangible aspects of crypto through DePIN and DeFi, it was genuinely challenging. Traditional VCs don’t fully grasp our asset class or the investment opportunity. However, across Europe and the USA, there’s a different story; institutional investors are hungry for diversified investments and new asset classes. We were driven by a conviction that this trend could be executed in practice, aligned with the next generation of crypto savvy investors who want and need to see a tangible asset backing their investment.

ONE MOTO’s thesis is straightforward: we produce electric delivery motorcycles and vans and lease them to established operators across Europe, the Middle East and Africa, using data to select high-performing vehicle models, refine resale timing and monitor real-time usage to protect value and boost yield. As we are building them, we are able to reduce the layers of margin from the ‘traditional’ multi-layered stakeholder margins. Providing a more profitable and sustainable vehicle network.

We’re already engaging with fleet operators and capital partners in key markets. For example, we’ve partnered with established delivery platform operators and logistics companies who need hundreds or thousands of new electric vehicles but lack affordable financing. Our model is designed to acquire vehicles using investor capital and lease them to operators on structured terms. This provides an alternative to high-cost debt and supports scalable fleet expansion whilst accelerating the transition to zero-emission delivery.

What’s Ahead for us all?!

From our vantage point, the institutionalisation of delivery vehicles is just beginning. The demand for reliable, electric last-mile delivery solutions is surging. Government mandates are accelerating fleet electrification across urban centres. Digital platforms are scaling delivery services faster than traditional manufacturers or banks can keep pace. Meanwhile, investors are seeking hard assets with real yield and downside protection.

Electric delivery vehicles as an institutional asset class are here to stay. These aren’t just depreciating machines anymore; they’re connected, productive assets with predictable cash flows. And for investors ready to engage with data and execution, they represent a genuine frontier.

Our goal at ONE MOTO is clear: make electric delivery vehicles the next great yield-producing asset class, one that’s predictable, data-backed and institutionally investable.

The post Last-Mile Delivery Vehicles Real World Assets & Web3 appeared first on One Moto.

In the United Kingdom, the last-mile delivery landscape has experienced seismic scale, changing consumer behaviours, and a heightened focus on sustainability. Let’s delve into the factual statistics, leading companies, electric vehicles, costs per delivery, and forecasted growth of this dynamic sector, alongside the commitment of ONE MOTO to support the transition to sustainable mobility.

Factual Statistics of the Delivery Landscape

The UK’s last-mile delivery sector has propelled exponentially with the rise of online shopping and the convenience economy. According to recent data, the UK’s #ecommerce market reached £141.33 billion in 2022, with last-mile delivery representing a critical component of this hyper-growth industry. The last mile is the most costly and polluting to the environment, an issue we take very seriously!

Leading Companies & Electric Vehicles

Several prominent companies dominate the UK’s last-mile delivery landscape, including; established giants like Royal Mail , Stuart , DPD UK , Evri , and Amazon , alongside innovative startups and tech-driven platforms. Moreover, there has been a notable shift towards sustainable transportation solutions, with an increasing number of companies adopting electric vehicles (EVs) to reduce emissions and environmental impact.

Costs Per Delivery & Forecast Growth

The costs per delivery in the UK vary depending on factors such as distance, speed of delivery, and the size of the parcel. However, industry estimates suggest that the average cost per delivery ranges from £2 to £5, with additional expenses incurred for urban deliveries and same-day services. Despite these costs, the last-mile delivery sector continues to experience robust growth, fuelled by rising consumer demand for fast, convenient, and environmentally friendly delivery options.

Yet, the complicated food delivery sector pays riders between £4.50 and £6.70 per delivery, how do these calculations work? Well, as I mentioned the gig-economy in complex with the companies fronting the delivery services (aggregators such as Uber Eats, Stuart, Deliveroo , Just Eat Takeaway and others) don’t employ their delivery workers, they are ‘contractors’, independent freelancers – which helps the operators avoid various costly incumbent responsibilities of UK employment and benefits – much to the opposition of those ‘working’ for them.

Yet, we need to support the industry, the ‘workers’

Forecasted Growth

Looking ahead, the forecasted growth of the last-mile delivery sector in the UK remains promising, driven by technological advancements, regulatory initiatives, and evolving consumer preferences. Industry analysts predict a compound annual growth rate (CAGR) of over 10% for the UK’s last-mile delivery market in the coming years, with a particular emphasis on sustainability and innovation.

ONE MOTO’s Commitment to Sustainable Mobility

In line with the UK’s transition towards sustainable transportation, ONE MOTO, a pioneering electric vehicle company, has made a significant commitment to support the evolution of last-mile delivery. The company has secured £123 million in funding to develop and deploy electric motorcycles and vans tailored for the delivery industry, providing a cost-effective, eco-friendly alternative to traditional delivery vehicles.

With a focus on #decarbonising the last-mile delivery sector, ONE MOTO aims to evolve urban transportation, #reduceemissions, and enhance operational efficiency for delivery companies across the UK. By leveraging cutting-edge technology and strategic partnerships, ONE MOTO is poised to play a pivotal role in shaping the future of last-mile delivery, driving positive environmental impact and sustainable growth in the UK’s logistics industry.

Transport for London

Dubai International Chamber

To discuss collaboration in the UK, countywide dealerships, distribution channels please reach out.

Read on LinkedIn

The post Homegrown and bringing change: ONE MOTO UK appeared first on One Moto.

In the bustling metropolis of New Delhi, and across India the two-wheeled electric motorcycle sector is undergoing a profound transformation, with a market of 37m motorcycles and approximately 500,000 being sold per month, the vast market has nuances, which can’t be overlooked, and with the correct positioning and focus on the people will be a positive entry for ONE MOTO and the “future of the commute”.

As the Indian delivery landscape continues to evolve with leading players like Swiggy, Zomato and others delivering the country with their orders, the adoption of electric vehicles (EVs) emerges as a pivotal solution, offering not only sustainability benefits but also cost efficiencies and operational advantages.

The Indian Delivery Landscape: A Growing Market

India’s e-commerce market has witnessed exponential growth in recent years, propelled by increasing internet penetration, smartphone usage, and digital literacy. With over 700 million internet users and a rapidly expanding middle class, the country presents immense opportunities for businesses operating in the delivery space.

According to industry reports, India’s #ecommerce and #qcommerce markets are projected to reach USD 200 billion by 2026, with last-mile delivery playing a critical role in fulfilling customer orders and ensuring timely deliveries. However, logistical challenges, traffic congestion, and environmental concerns pose significant hurdles for delivery service providers, underscoring the need for innovative solutions.

Electric Vehicles: Pioneering Sustainability and Efficiency

Amidst these challenges, the adoption of electric vehicles emerges as a game-changer, offering a sustainable and cost-effective alternative to traditional fuel-powered vehicles. With the Indian government’s push towards electrification and renewable energy, EVs have gained traction across various sectors, including last-mile delivery.

In New Delhi, where #airpollution levels often exceed hazardous levels, the transition to electric delivery vehicles holds immense promise for mitigating environmental impact and improving air quality. According to statistics, EV sales in India have witnessed a significant uptick, with over 1.56 lakh units sold in 2020-21, representing a growth of 10.3% compared to the previous fiscal year.

Air pollution is humanities greatest killer – Killing 5 million people per year.

The Guardian

Costs per Delivery and Operational Efficiency

One of the key advantages of electric delivery vehicles lies in their lower operating costs compared to traditional combustion engine vehicles. With the rising prices of fossil fuels and maintenance expenses, EVs offer substantial savings in fuel and maintenance costs over their lifespan. Yet the ‘46’ manufacturers in 2020 has percolated to avail only 4-6 considered market players led by Ola through sheer market penetration and Ather through the premium sector yet even the leaders face challenges. Some have potentially underestimated the demand, overlooked after-sales, and certain opportunists have abused the government’s FAME-2 subsidy, retracting consumer and dealership confidence. So why are we looking at this troubled market and why now?

At ONE MOTO we aren’t looking to lead the Indian market in terms of volume of units sold, but we are here to offer premium, affordable electric vehicles, building generational loyalty and contributing to the innovation in the market.

Stats

Recent studies indicate that the cost per delivery for electric vehicles in New Delhi ranges from INR 1.5 to INR 2.5 per kilometre, depending on factors such as vehicle efficiency, charging infrastructure availability, and electricity tariffs.

The fluctuating fuel prices (state and nationwide) of course impacts the daily commuter, whether they ride for commercial or private use, our vehicles must be a barometer of confidence for the market, and positioning is key. Without unveiling confidential strategies, we are focusing on one city at a time starting in New Delhi with a population of 40 million, this city (in population) is the size of some countries, so it’s no small feat, nor do we offer a sentiment of ease to penetrate an existing market of this size. Securing the right partners was critical, and establishing close governmental relationships is necessary to ensure that an international brand understands the virtues of operating in such a complex landscape.

Forecasted Growth and Market Opportunities

Looking ahead, the future of last-mile delivery in New Delhi appears bright, with electric vehicles poised to play an increasingly prominent role in shaping the delivery landscape. Industry forecasts predict a surge in EV adoption, driven by advancements in battery technology, infrastructure development, and favourable government policies.

Furthermore, the emergence of innovative startups like ONE MOTO exemplifies the potential for disruptive innovation in the delivery sector. We aim to set a benchmark for two-wheeled EVs in New Delhi and beyond by offering affordable, trusted mobility solutions tailored to the unique needs of Indian consumers.

Affordable, Trusted Mobility for All

ONE MOTO pioneers electric vehicle technology in the delivery space, committed to democratising sustainable mobility and empowering businesses to thrive in India’s evolving delivery and commuting landscape. By offering cost-effective electric vehicles, tailored financing options, and comprehensive support services, ONE MOTO enables delivery service providers to transition seamlessly to electric fleets, reducing their carbon footprint and enhancing operational efficiency.

Moreover, ONE MOTO’s focus on affordability and accessibility aligns with its broader mission of creating inclusive and sustainable mobility solutions for all. By leveraging innovative technologies, strategic partnerships, and a customer-centric approach, ONE MOTO aims “to build in India, for India”. Once we’ve positioned ourselves in our Indian head office we’ll collaborate to set up two manufacturing facilities, one in the north and one in the south. Local, established and respected companies are being discussed with to ensure the JVs entered are a complimentary win for all.

To discuss collaborations within India, please get in touch

Read on LinkedIn

As reported by

Abu Dhabi SME Hub

Dubai International Chamber

The post A new headwind to New Delhi: ONE MOTO India appeared first on One Moto.

Signing an unprecedented deal with a leading financier in London, ONE MOTO are offering finance to fleet operators to expand an electric delivery fleet from just £3 per day.

“This is monumental in our expansion road map pan-Europe. With the support of the finance deal we’re expecting to deploy up to 30,000 across the UK in H1 2024. This harnesses our conversations with UK Trade & Investment (UKTI) to open the first European assembly plant.

With 12 months of conversations supporting this announcement, ONE MOTO are supporting leading last-mile food delivery platforms, independent outlets and enhancing the rider welfare through data-rich AI to optimise routes, zones and pay.” States Adam Ridgway, CEO, ONE MOTO Technologies.

“The ecosystem foundations to decarbonise the UKs delivery network are set. We’ve spoken to many leading delivery operators who needed a cost-effective, sustainable option and after many trials we’ve secured roll out plans with several leaders. Replacing a traditional petrol fleet shouldn’t happen overnight, to be highly effective it requires operational management to transition. Yet, it’s not just about the vehicles it’s the ancillary services to capture market dominance. Battery As A Service, supporting battery swaps allowing riders to work undisturbed by downtime, the SaaS FinTech solution, ensures a data rich AI backed cloud system to optimise fleet and rider management. We’ve taken our time to capture and analyse the data and demonstrate the vast economical and environmental savings.” says Mark Harman Director, ONE MOTO

What does this mean for the UK environment?

63,000 petrol motorcycles produce 168,818 tonnes of CO2 each year (as well as other harmful pollutants).

A visual of what 1 tonne of CO2 looks like:

63,000 petrol motorcycles produce 168,818 tonnes of CO2 each year (as well as other harmful pollutants).

A visual of what 1 tonne of CO2 looks like

– Killing over 198,000 acres of forest each year

– That’s 808km2

– Or four times the size of Paris!

Adam Ridgway, CEO, ONE MOTO Technologies based in Dubai, have one vision “to electrify all last-mile vehicles in the UK by 2026”. Following the UK government’s agenda and commitments we will ensure the world realises, the UK government are supported taking the necessary action to bring change.

What’s next for the partnership?

Both teams will be working to confirm contracts for the 44,500 vehicles in discussion and driving awareness of the benefits, increasing their online and offline distribution channels. Early movers will always have the advantage, but the ‘decision’ to make the commitment first isn’t always forthcoming when considering the environment, yet. However, all operators are looking at the commercial viability and when backed up with big data. We’ve proven a faster path to profitability.

ONE MOTO Technologies Headquartered in London, UK. With a global HQ in DIFC, Dubai, UAE launched in December 2019 in the UAE, expanding into 21 territories in 2021, with another eight countries in discussion, are delighted to be joining forces with a globally respected brand like AVIS and are also in deep conversations to build the UAEs first EV manufacturing facility, breaking ground Q4 2022. Ridgway continues, “Currently the UAE isn’t known for manufacturing and export, and amidst the recent announcement of Operation $300bn and the drive to create international export through manufacturing and production — crucial to the growth of any economy — and with the like-minded public and private sector collaborations, we’re able to make it happen. The UAE and our leaders have created this opportunity and we’re here to ensure that change happens.

Following the announcement at ADIPEC 2022, Her Excellency Sarah AlAmiri confirmed ONE MOTO is one of the first 13 projects supported by the Ministry of Industry of Advanced Technonolgy (MOIAT) “At the Ministry of Industry and Advanced Technology, we have a clear roadmap for the next 10 years. It is a decade in which the UAE will further enhance its position as a global hub for science, technology, and innovation, in line with our leadership’s vision. Our partners are key to this journey and we are committed to exploring collaborations with all companies that seek to join the UAE in its bold technological and industrial transformation.” The initiative was announced in October by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai (https://gulfbusiness.com/uaes-moiat-announces-13-projects-under-technology-transformation-program/)

Every ONE MOTO vehicle is pre-built with a complete telematics and fleet management software solution, with a FinTech offering. Allowing riders and owners to optimise routes through AI, increase the safety and welfare of riders and ensure our customers sustainable values are met at all times.

ABOUT ONE MOTO

A global EV manufacturer and focused on the last-mile sector.

2020 saw ONE MOTO UAE win five awards, including; UAE Sustainable Business of the Year.

Leading the global market with the performance and specs of their vehicles and technology advances. With a vision of 100 cities by 2025, 1 million vehicles sold, and 1 billion tonnes of CO2 omitted plus delivering investment back into this world we live, bringing change (not waiting for it to happen), and leaving this planet in a slightly better condition than we currently live in. We can’t change the past, however the future?!

With operations in UAE, UK, Australia, India, Sri Lanka and the LatAm, and international sales beyond that, ONE MOTO are on an aggressive expansion plan to make a difference and dominate the sector they operate.

The post ONE MOTO UK, To Decarbonise The UKs Last-Mile With £123,000,000 Financing. appeared first on One Moto.

Dubai International Chamber successfully established a connection between ONE MOTO and Santiago Motors in Chile to broker a new nationwide sales deal for the ambitious UAE start-up, which will see the Chilean automotive company sell ONE MOTO’s electric vehicles across its national sales network.

The chamber is now supporting the company’s plans to expand into seven additional LATAM markets. ONE MOTO aims to set up assembly and manufacturing in Argentina, Brazil, and Mexico, and is on track to secure its first assembly partner by Q4 this year and open its regional headquarters in early 2024. The company will continue to supply the vehicles from its Dubai plant until a suitable local partner is found, creating tremendous in-county value for the UAE and positioning the emirate at the forefront of sustainable automotive production.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are pleased to assist this sustainable, hi-tech company in accessing new markets through our services. Dubai International Chamber remains committed to identifying new opportunities in priority markets worldwide that hold strong potential for businesses in Dubai. Our work in Latin America underlines the importance of this dynamic region, and we look forward to continuing to leverage the exciting opportunities available for the mutual benefit of all stakeholders.”

Serial entrepreneur Adam Ridgway launched ONE MOTO in DIFC, Dubai, to help decarbonise mobility in both the commercial and personal sectors. The company has gained a foothold in the United Kingdom, Bahrain, Jordan, Sri Lanka, Chile, Iraq, Nepal, Ethiopia and is now working to grow its sales further afield.

ONE MOTO founder Adam Ridgway said: “The greatest asset we’ve had in our arsenal of support has been Dubai Chambers. The time offered, together with unwavering encouragement and expert guidance has enabled us to expand into five continents and 12 territories within just two years of operation. Our new Chile deal will create tremendous in-country value for the UAE, leveraging the free trade agreement made between the two nations while placing the UAE on the global stage for automotive production and innovation.”

In addition to manufacturing and supplying electric vehicles, ONE MOTO offers a host of ancillary services including ‘Battery as a Service,’ which supports battery swaps to allow riders to work undisturbed by downtime. The company also provides an innovative SaaS FinTech solution that utilises a data-rich, AI-backed cloud system to optimise fleet and rider management.
ONE MOTO recently secured US$ 40 million in financing in its UAE home market to help fund the decarbonisation of last-mile vehicles across the country, which will enable the company to deploy 10,000 vehicles in the UAE by next year. Its current customer roster includes Talabat, InstaShop, Carrefour, and Majid Al Futtaim.

To date, the company has established a presence in 21 territories, 10 countries, and five continents, with a further 26 countries in the pipeline. In 2022, ONE MOTO set up the region’s first Smart Mobility and Innovation Centre in Dubai in cooperation with the Rochester Institute of Technology. This world-class R&D academy has led to the design and development of three new hyper-modular EVs, which are set to be built in the UAE by Q4 this year.

Dubai International Chambers currently operates four international representative offices in Latin America. This network is continuing to grow following the launch of the ‘Dubai Global’ initiative by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to establish 50 representative offices for Dubai in five continents by 2030.

Supported by strategic public and private sector partners, Dubai Global is on track to achieve the emirate’s target of boosting non-oil international trade from AED 1.4 trillion to AED 2 trillion by 2026. In addition to helping Dubai companies expand globally, the initiative seeks to attract foreign companies, SMEs, investors, and international talent to Dubai by showcasing the emirate’s competitive advantages, sharing investment intelligence, and strengthening engagement with overseas stakeholders.

Other media outlets, publishing this story include:

https://www.businesswire.com/news/home/20230814256408/en/Dubai-International-Chamber-helps-drive-UAE-based-sustainable-electric-vehicle-startup-ONE-MOTO’s-expansion-into-Latin-America

https://finance.yahoo.com/news/dubai-international-chamber-helps-drive-100200498.html

https://www.gdnonline.com/Details/1288600&usg=AOvVaw05ERnMhKWkuT5-UppGzBpA&opi=89978449

https://dnbuae.com/newsletter/gi-gulf-insights-of-the-week-copy-164

http://www.tradearabia.com/news/IND_412227.html

The post Dubai International Chamber helps drive UAE-based sustainable electric vehicle startup ONE MOTO’s expansion into Latin America appeared first on One Moto.

BY  AALIA MEHREEN AHMED • JUL 28, 2023

One MotoAdam Ridgway, founder and CEO, One Moto

One Moto Technologies (One Moto), a UAE-based electric vehicle (EV) manufacturer that caters primarily towards the last-mile delivery sector, has secured US$40 million through a lease financing option. The financing round was led by Pyse, an India-based clean and green asset financing platform, and a number of other regional investors.

Launched in 2018, One Moto offers a range of electric delivery vehicles, such as motorcycles, ebikes, scooters, delivery and grocery vans, to help businesses sustainably optimise their delivery operations. One Moto’s EV fleet solutions also incorporate the vehicle riders and associated EV software solutions. While the enterprise is currently operational in 10 countries -including India, the UK, Sri Lanka, Ethiopia, Bahrain, Jordan and Chile- through dealerships and distributors, it is already in talks to expand to 27 other destinations.

“A One Moto EV fleet offers numerous advantages over conventional internal combustion engine vehicles, and having the access to new capital to support the industry transition to EV now allows the team and I to focus on delivering our promise,” Adam Ridgway, founder and CEO of One Moto, says. “By promoting the adoption of electric vehicles, we contribute to the UAE’s vision for a more sustainable and environmentally conscious future.”

“Saudi Arabia is another very interesting market for us, and conversations are developing at a far more rapid pace there than certain areas in the UAE, with a want for manufacturing and distribution,” he continues. “Our launch in the Kingdom later this year will therefore be a huge achievement for the team. Furthermore, we are also very strategically placing ourselves in overlooked and upcoming markets, with Latin America being our focal market beyond the GCC in the near future.”

While One Moto’s ultimate vision for the UAE is to fully decarbonise the last-mile industry by incorporating greater use of EVs, it aims to do so via step-by-step goals. The first of these is to introduce 50,000 electric delivery vehicles in the country by 2025. And unsurprisingly, the mammoth amount that has been invested into One Moto is expected to be a major catalyst in this regard. 

Source: One Moto

Now, for the uninitiated, lease financing is a form of asset financing that enables the owner of an asset (in this case, One Moto’s EVs) to give another party the right to use the asset in exchange for a periodic payment. But to understand why Ridgway and his team opted for such a financing solution -as opposed to the more commonly used startup funding methods such as raising through venture capitalists or angel investors- one needs to first look deeper into One Moto’s introduction of a fleet leasing model.

Indeed, it was Ridgway who realised that to entice more industry players to adopt EV within their delivery processes, he’d have to make it a cost-effective option for them- an observation that led to One Moto’s “Lease To Own” model. “With this model, our customers have the chance to charge their EV fleet as an operational expense (OpEx) which in turn has many advantages such as zero capital expenditure (CapEx), ownership of the vehicle once the payments are made, flexible financing as well as cost savings,” Ridgway tells Entrepreneur Middle East. “This allows them to adapt and scale their businesses with agility and more sustainably.”

Notably, this approach has also seen the addition of telemetry -remote monitoring of EV-related data- to One Moto’s fleet leasing solutions. But the decision to introduce the “Lease To Own” model in the UAE market came after a tried and tested result. “Earlier this year, we secured similar financing for the UK market to the value of GBP123 million (approximately US$157.3 million), which allowed us to deploy up to 30,000 vehicles on a lease basis,” Ridgway reveals. “We were thus able to ensure that the gig economy delivery riders in the UK had access to affordable, sustainable mobility resulting in a lease option of just GBP3 per day.”

Having seen the benefits of such an approach (and a coinciding demand for a similar financing option from many of its existing customers the UAE), One Moto thus decided to settle upon lease financing as its best solution. “On one side there were numerous early-stage third party logistics startups that had the want to scale and transition to EV but didn’t have the CapEx since ‘petrol vehicles were cheaper,'” Ridgway recalls. “On the other side, there were far more established operators who already had thousands of petrol bikes on their balance sheet, and didn’t want to onboard a new fleet due to the CapEx requirements (plus the need versus want from their customers wasn’t aligned). So we had to strategically find ways of offering a solution to this issue. We could have raised against equity to fund these customers, but this takes time, and we need to be agile and remain focused on our expertise and vision. And so, asset financing was a consideration to help scale up easily and with the agility the industry demands.”

Adam Ridgway, founder and CEO, One Moto. Source: One Moto

The results of Ridgway’s decision will only begin to show over the coming months, but the founder is already hopeful that the UAE will prove to be the perfect litmus test for his startup’s future. “For now, our focus is very much based in the UAE, but once we’ve garnered greater market traction and critical mass, then we’ll have proven the model to open the facility to other markets within the region,” Ridgway says. “As a tech company, we are always innovating, and the introduction of telemetry has been a particularly huge benefit to the fleet operators, riders, and governments. The aggregation of rich data ensures increased productivity, operational efficiencies, safer riding environments, and potentially cheaper delivery costs to the customer. But, however valuable telemetry is, it isn’t a desired investment from delivery platforms, fleet operators, governments. However, someone has to pay for it- so we provide the hardware and the software, and adding this cost to the price of leasing ensures we can OpEx this ‘cost’ ensuring everyone embraces the technology.”

But Ridgway’s optimism doesn’t come without a sense of precaution. For starters, he understands that there is still a long way to go before an all-out adoption of electric delivery vehicles within the UAE. “Challenges in the short term reside within the discomfort that many show while embracing change- mainly operationally,” Ridgway says. “Cost certainly won’t be the challenge thanks to our financing option, which we believe is a first for the industry. Our vehicles have been in the UAE market for four summers now, which is testament to our quality, both in performance and design, for the regional market. So, I believe those working within the organisations that are active in bringing change will support our mission to decarbonise last-mile delivery in the UAE. Being the market pioneer (said with factual humility), we’re able to carve out a sustainable future for the industry.”

As One Moto and Ridgway now look to the future, the significance of the year we are in must be noted. 2023 has, after all, been named UAE’s “Year of Sustainability,” which has resulted in a number of initiatives to increase sustainable practices and foster global collaboration to solve environmental challenges. In November this year, the UAE will also host the 28th edition of the United Nations Conference of the Parties (COP28). And Ridgway is hopeful that being in such a dynamic ecosystem will aid in fulfilling One Moto’s upcoming plans.

“This year has been our most progressive to date and it is certainly shaping our future,” he says. “We’re excited to be a part of the tapestry of change, and pioneer this sector. Over the next six months, we will be revealing some incredible advancements in our endeavours for the UAE, including the announcement of the first EV manufacturing plant here in Dubai. Being a first-mover does present its challenges, but I personally thrive on it as it has allowed us to champion change, policy reforms, and work closely with the UAE government. We will certainly be revealing more over the next few months!”

Other media outlets, publishing this story include:

https://www.mediaoffice.ae/en/news/2023/August/14-08/Dubai-International-Chamber#:~:text=ONE%20MOTO%20recently%20secured%20US,the%20UAE%20by%20next%20year.

https://www.entrepreneur.com/en-ae/growth-strategies/uae-based-one-moto-secures-us40000000-in-lease-financing/456546

https://www.zawya.com/en/business/energy/uae-based-one-moto-obtains-40mln-investment-to-achieve-net-zero-emissions-f4zbftwr

https://economictimes.indiatimes.com/news/international/uae/dubais-evolving-startup-ecosystem-paves-the-way-for-a-bright-tomorrow/articleshow/103510536.cms?from=mdr

https://www.wamda.com/2023/07/moto-secures-40-million-investment

https://thestartupscene.me/INVESTMENTS/UAE-Mobility-Startup-ONE-MOTO-Technologies-Secures-40M-Investment

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwix9InE3Z2EAxU1zAIHHagRBbcQFnoECCMQAQ&url=https%3A%2F%2Fwaya.media%2Fone-moto-raises-us40-million-investment%2F&usg=AOvVaw1qN3zMCL2LWFxNuph4DuBp&opi=89978449

https://www.linkedin.com/posts/abu-dhabi-sme-hub_one-moto-secures-40-million-investment-activity-7087015648790257664-OSPc/https://app.dealroom.co/companies/one_moto

The post With A Goal To Fully Decarbonise The Last-Mile Industry, UAE-Based One Moto Secures US$40 Million In Lease Financing appeared first on One Moto.

Startup Scene

 Jan 17, 2023

One Moto, a UAE-based electric mobility and last-mile delivery startup, has raised $150 million from an undisclosed investor in the UK. The funding will be used to expand the company’s footprint in the country and lead decarbonisation efforts for the last-mile delivery industry.

According to the investment agreement, One Moto will offer finance to fleet operators to expand an electric delivery fleet from just £3 per day. The startup’s goal is to electrify all last-mile vehicles in the UK by 2026, reducing 168,000 tonnes of CO2 each year and dropping 50% production of harmful pollutants as a result of petrol vehicles.

“This is a monumental milestone for our expansion roadmap pan-Europe,” Adam Ridgway, CEO of One Moto, tells StartupScene. “With the support of the finance deal, we expect to deploy up to 30,000 across the UK in H1 2023. This harnesses our conversations with UK Trade & Investment to open the first European assembly plant. ONE MOTO is supporting leading last-mile food delivery platforms, independent outlets and enhancing the rider welfare through data-rich AI to optimise routes, zones and pay.”

One Moto plans to deploy up to 30,000 EVs across the UK in the first half of 2023. According to the startup, replacing traditional fleet vehicles will take time as it involves support from several service sectors such as Battery As A Service, allowing drivers to work undisturbed, and SaaS Fintech solutions, providing a data rich AI backed cloud system to optimise fleet and rider management.

One Moto is joining forces with AVIS, and is currently in talks to build the first EV manufacturing facility in the UAE.

Founded in 2019, One Moto is an electric vehicle company that focuses on food service and last-mile delivery. While the startup is headquartered in the UK, it has global HQ in UAE with presence in UK, Iraq, India, Bahrain, Jordan, Sri Lanka, Ethiopia, Chile and Nepal.

The UAE is one of the most funded startup ecosystems in the MENA region. In 2022, the UAE raised $1.19 billion, according to Magnitt’s latest Emerging Ventures Market Report. While fintech received the lion’s share of funding, transportation and logistics followed suit in startups operating in emerging markets. 

Other media outlets, publishing this story include:

https://wegrowwithc3.com/news/2022/11/08/one-moto-gets-123m-financing-to-pioneer-the-decarbonisation-of-the-uks-last-mile-delivery

https://www.sme10x.com/technology/one-moto-gets-123m-financing-to-pioneer-the-decarbonisation-of-the-uks-last-mile-delivery

https://magnitt.com/news/half-way-through-q1-vc-market-numbers-53871

https://www.linkedin.com/posts/clueae_one-moto-raises-150-million-to-scale-its-activity-7020846140820496384-lyVt

https://plus.investera.com/news/One-Moto-raises-150-million-to-scale-its-lastmile-delivery-operations-in-the-UK?reqSourcePage=

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiqpOvp552EAxUEg_0HHeOABWMQFnoECA8QAQ&url=https%3A%2F%2Fwww.yourharlow.com%2F2023%2F08%2F10%2Flocal-businessmen-secure-millions-in-investment-for-electric-vehicles%2F&usg=AOvVaw2s1rwMY2phOsCdHH46R3SX&opi=89978449

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiqpOvp552EAxUEg_0HHeOABWMQFnoECCoQAQ&url=https%3A%2F%2Fwww.wamda.com%2F2023%2F01%2Fmoto-raises-150-million-scale-mile-delivery-operations-uk&usg=AOvVaw1iCpmiPNWETo78qkVlJuiq&opi=89978449

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi5886B6J2EAxUF_rsIHQCJBdQ4ChAWegQIBxAB&url=https%3A%2F%2Fwaya.media%2Fone-moto-uaes-electric-mobility-startup-raises-150-million%2F&usg=AOvVaw3flMQUmeVTRYZPnCIzvFdh&opi=89978449

https://www.linkedin.com/posts/one-moto_pwc-net-zero-future50-middle-east-activity-7133337122647793665-O93L

The post UAE’s Electric Mobility Startup One Moto Raises $150M to Expand to UK  appeared first on One Moto.

This new capital is all about enhancing the ONE MOTO expansion and rewarding sustainability – an engagement platform driven by technology supporting your investment. Over the course of the coming months, (as we complete the raise) we plan to deploy this funding to develop new technology and features, hire great talent, grow internationally, and expand our reach.

RELEASING NEW PRODUCTS AND TECHNOLOGY

ONE MOTO as a series of electric vehicles are designed to keep you moving. It seems appropriate then that ONE MOTO as a business model is designed to keep moving us, the ONE MOTO team. As a sustainably focused business we feel a deep responsibility to be constantly upgrading our offerings every week, month, year to deliver value to you and our customers.

With this new capital, we will accelerate efforts to release new growth to our members, customers and partner experience. In just the past months, we’ve announced our expansion into 13 territories in India, four in Australia with deep conversations to launch in the UK, Kenya, Spain, Ghana, Ethiopia, Bahrain, Saudi Arabia, Qatar, Jordan, Egypt, Pakistan and the United States. The new fleet in prototype phase includes the modular development of our electric two-wheeled vehicles, enhanced app and battery technology. We’ve been developing the range of vehicles with an international team of designers and engineers. I can tell you that the new vehicles in our pipeline are incredible and, when we announce our Series A round in Q1 next year, will see the launch of several assembly plants strategically placed around the world including; India, UK, Kenya, Australia, Pakistan and The United Arab Emirates.

HIRING GREAT NEW TALENT

In order to keep building and researching at a breakneck pace, we are going to be growing our team dramatically. In the last 18 months, we grew in valuation from $8m and a team of four, to $60m and a core team of 20 located in UK, UAE, India, Australia and Kenya. This is just the beginning. Our 2021 forecast of growth was four territories by 2021 and as we close out Q2 we are already at 21 territories with another 15 expected to be signed by Q4. This leads us towards our 100 cities, 1m vehicles and 1bn tonnes of CO saved by 2028. If you’re reading this and thinking ONE MOTO might be the right place to grow your career, please check out our Careers page.

EXPANDING INTERNATIONALLY

ONE MOTO will become more accessible around the world and expand in countries throughout Middle East, Africa, Europe, Asia, and beyond. We’re growing aggressively through a solid network of franchise partners. From ‘micro-investors’ to corporate dealership networks. We know that there are many of you around the world who are interested in joining the ONE MOTO community of commuters but haven’t been able to yet. We’re going to change that.

BRINGING ONE FLEET TO YOU

ONE Fleet is our game-changer in the last-mile sector. Offering fleet financing to all delivery aggregators, through a global financier. We currently have a $50m fund allocated to offer financing for corporate fleet operators and this is just for the GCC region. Our CEO, Adam Ridgway is heading to the UK in October to continue discussions of a UK assembly plant and a UK wide roll out plan. We are going all out!

#BETHEONE

ONE MOTO has already began discussions with key sustainably focused celebrities to bring ONE MOTO to our customers through “value aligned personalities”, collaborations with global brands and film production houses.

We can promise you will see ONE MOTO on more and more platforms in the coming year.

A NOTE OF GRATITUDE

I want to thank you all for being ONE MOTO shareholders. I started ONE MOTO as a ‘vehicle’ to bring change. For many years building ONE MOTO was a challenge, educating to the benefits; of EV to the environment, the pockets of the consumer and to the fleet operators. In the early days we didn’t know if what we wanted to build was even possible. What always pulled me through were the encouraging stories from ONE MOTO customers and a deep sense that the technology we were building really mattered.

We’ve been featured on CNN, been awarded UAEs Most Sustainable Business of the Year, featured in international press, Entrepreneur magazine, and had the most positive feedback from customers in each country we sell. Hearing these stories and receiving requests to be a part of ONE MOTO from employees, customers, shareholders, JV partners and as a franchise network harnesses that the hard work the team have committed is well received.

Last week, I told the ONE MOTO team the new injection of capital will require both a heavy dose of humility and the same sense of urgency and tenacity that got us here. We will face off head-to-head with the largest and most valuable EV companies in the world–some of which have no qualms copying us very directly. We will engage in highly ambitious research and development and release products for you on the cutting edge of sustainable mobility, electric vehicles and the technology that drives them.

We are grateful for the opportunity to take on these new challenges. I ask that you keep sharing your stories with us and holding us accountable to our shared mission: #betheONE to bring change.

Thank you,
Adam Ridgway

The post Dear ONE Shareholders appeared first on One Moto.

The British company, which launched last year in the UAE, is hailed as the region’s first electric vehicle company focused on food service and last-mile delivery, with more than 80 co-owners of its special purpose vehicle (SPV).

The funding will enable the company to expand regionally and enhance its data-driven vehicles, as it explores a regional manufacturing plant, creating jobs and opportunities for the future workforce and to up-skill those affected by the pandemic.

ONE MOTO presents a smart mobility alternative to petrol motorcycles which account for around 40 per cent of the cost of delivery, while delivery aggregators are pressing the cost of fuel and lease to their riders to try and operate a margin. In addition, the average age of the petrol motorcycles are two years, after which they are scrapped.

The company addresses this by presenting a range of eco-friendly and affordable electric vehicles, it offers a ONE++ care package, which after five years will replace the vehicle for free and recycle the replaced parts. It also promotes increased safety of riders through data driven vehicle telemetry, increased training and reporting, reduced working pressure and the ergonomic design to support rider health and wellbeing.

“ONE MOTO is more than a provider of sustainable mobility, we are environmentally focused and aligned with the 17 Sustainable Development Goals of the UN. Customers who purchase the vehicles benefit from the carbon offset, green PR and government grants, whereas those who lease the vehicles benefit from the profitability and sustainability,” said Ridgway.

The company expanded its sales network last year to four countries and is growing an international dealership network. It is working closely with various bodies in the UAE to switch the UAE’s last-mile vehicles to electric ones by 2024.

“We have a tremendous journey ahead of us, and successful trials are leading to sales with the region’s largest and global last-mile players. With a variety of lease and finance models available, we are on track to secure our 2021 targets by the end of Q1,” said Ridgway.

“Being focused on sustainable yet financially viable businesses, we were truly impressed with the ingenuity, passion, drive, and integrity of Adam and the broader ONE MOTO team. I’m personally excited to partner with Adam Ridgway and his team at ONE MOTO charting the way in tomorrow’s EV transportation world,” said Miray Zaki.

Other media outlets, publishing this story include:

https://eureeca.com/proposals/proposal-details/10759?wtime=%7Bseek_to_second_number%7D

https://thestartupscene.me/INVESTMENTS/UAE-Based-Electric-Vehicles-Startup-ONE-MOTO-Raises-Six-Figure-Bridge-Funding-Round

https://www.entrepreneur.com/en-ae/entrepreneurs/uae-based-electric-vehicle-manufacturer-one-moto-is-ready/379639

https://www.adsmehub.ae/en/explore/post-details/uae-based-micromobility-firm-one-moto-raises-seven-figure-amount

https://magnitt.com/news/one-moto-bridge-funding-52480

https://eureeca.com/proposals/proposal-details/10759

The post ONE MOTO secures seven-figure investment appeared first on One Moto.