Great questions Michael, we will be sourcing the parts from a few different countries in Asia and assembling here. The chassis will be quite similar to conventional bajajis in Tanzania, but we want to make sure they are easily distinguishable. There will most likely be crossover on items like tires, breaks, etc.
Great Question Simran! Essentially we are hoping for a total cost per vehicle of around 6,000 USD, including battery. While this is more than petrol bajajis (around 4,000 USD in Tanzania) the lifetime servicing, oil and petrol cost makes ours more competitive over the life of the vehicle. Comprehensive Insurance for the vehicle is 6 - 7% = $360 to $420 per year. We plan on having these vehicles on the road 7 days a week (swopping someone to provide for off days for each employee). The vehicle and insurance (for two years) will be paid off in one year and three months. Our bajaji's and batteries should last a minimum of 10 years. We will also be seeking revenue from advertising and a hailing app. We believe that the revenue year on year after the vehicle is paid off will cover the charging and running costs as well as provide a healthy profit, especially as scale is reached and we capture 3.5% of the Dar es Salaam market with over 1050 electric bajajis on the road.