# SOZ EV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soz-ev

- Industry: Business Support Services
- Headquarters: US
- Website: www.sozev.com
- Latest round: Seed (Oct 1, 2020)
- Investors on record: 1

## About

SOZ EV focuses on medium-duty electric vehicles, including trucks and buses, facilitating the shift from traditional fuel to electric power for various businesses.SOZ EV designs and manufactures medium-duty electric vehicles, primarily serving municipalities and logistics companies in North America and Europe. The company was founded by a team of industry professionals with expertise in electric transportation solutions. In October 2020, SOZ EV raised seed funding from Verte Capital, marking a pivotal moment in its growth strategy.SOZ EV specializes in providing medium-duty electric vehicles (EVs), including trucks and buses, aimed at transitioning traditional gasoline and diesel-powered vehicles to electric power. The company's core offerings include sales, financing options, and repowering services, which allow clients to convert their existing fleets to electric. This service addresses the growing need for sustainable transportation solutions, particularly in urban settings where emissions regulations are becoming stricter. SOZ EV targets businesses and organizations looking to improve their ecological footprint while reducing operating costs. Its customer base primarily comprises municipalities, logistics companies, and various enterprises in North America and Europe seeking to electrify their fleets.The revenue model for SOZ EV revolves around direct sales and financing solutions for its electric trucks and buses, as well as service agreements for installation, maintenance, and repairs. Clients engage in transactions that may include purchasing vehicles outright or entering financing agreements to manage upfront costs effectively. Additionally, the company offers charging station installation services, creating multiple revenue streams from both product sales and ongoing service contracts. SOZ EV’s pricing structure is designed to accommodate a range of customer needs, with flexible financing options that support businesses of various sizes in their transition to electric vehicles. By providing comprehensive solutions, including the conversion of existing vehicles to electric, SOZ EV positions itself as a key player in the EV market.SOZ EV is currently developing new electric vehicle models aimed at expanding its product line, with a planned release in 2022. The company is also targeting expansion into Europe and Asia by 2023, seeking to capture additional market share in the growing electric vehicle sector. The capital raised from the seed funding in October 2020 will be utilized to enhance product development and support the establishment of new operational facilities in these regions.

## Funding rounds

- Seed, Oct 1, 2020 — Verte Capital

## Investors

- Verte Capital (https://capitalatlas.ai/funds/verte-capital) — Seed