ipro 356: plug-in hybrid electric vehicle - Community List - Illinois ...

Isopomoto IIT EnPRO-356, Fall 2006
these batteries would be very high, the decision has been made to purchase these batteries
rather than in-house production.
There will be different sourcing needs for different customers (i.e. large fleets and
end users). Fleets are the easiest to plan for because the company typically coordinates
with a chief engineer in charge of managing the fleets. Once project finalization occurs,
Isopomoto will then retrofit identical vehicles on a large scale. More choices must be
made available to end users since each individual has their own unique needs. However,
they might not want to deal with the hassles of taking their car out to the shop, or even of
being without a vehicle. This opens up several doors. One obvious path is having a
vehicle delivery or pickup, where arrangements are made with the customer some way to
get their vehicle from them, whether it is picked up from their house, or they leave it at
the central office. Isopomoto is also considering rental car arrangements, or rush install,
available at a premium to the customer.
Once Isopomoto is a thriving company with a steady customer base and cash
flow, upgrading the manufacturing facilities could be a consideration. Currently, the plan
is to use skilled technical workers to take care of the work. However, as the company
advances, automation in the factory could be a serious consideration.
2.8 Financial overview
2.8.1 Funding requirements
The maintenance, operating, and start-up costs need to be considered. Start up
costs (refer to table 18) will include property, facility installations (internet/phone lines),
office equipment and furniture, initial training of staff, research and development,
licensing and permits, and business registration.
Included in the maintenance and operating costs are employee wages and benefits,
parts for the conversion kits, advertising, shipping for the kits, lawyer fees, accounting
fees, insurance, research and development, training as needed, office equipment
maintenance, office supplies, and facility costs.
Revenue will come from product sales, forms of fundraising such as grants and
loans from partners, investors, venture capital firms, and small business loans.
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