X

Zap Inc. (ZAAP.OB) – Recharge-it-All Appraised, 50% sold for $1 Million to Dubai Investor

There are all sorts of issues that alternative energy manufacturers must deal with as they try to crack the consumer marketplace. Excellent progress is being made, however, and manufacturers are looking ahead. Being ready when a new technology is ready to penetrate a market is critical. Many leading alternative power companies are planning past current development issues so that when the profit is ready to come, they will be ready with distribution networks and access to capital and manufacturing muscle.

Zap Inc., a manufacturer of zero-emission transportation and energy storage products, works to manufacturer/market and sell electric transportation vehicles and rechargeable energy storage devices. The company has a diversified in-place product line. It covers a range of rechargeable electric products such as iPod and cell phone batteries. The company, however, is primarily recognized for its electric cars, carts, scooters and bikes.

ZAP Inc. is by no means new to the rechargeable electric vehicle and accessories market. It has been researching, developing, manufacturing and selling its products – in one company form or another – since the early 1990’s. It has been diligently doing its base building and is currently supporting an established dealer network for its electric car/transportation products; each dealership must take possession of 10 vehicles per month. It also has committed vehicle development relationships with other companies to advance its five electric vehicle lines for sale.

The company’s work with rechargeable battery accessories has been seeing recent activity. After a financial evaluation, the company sold a 50% stake in its Recharge-it-All battery systems for mobile electronics to a Dubai electronics company owner. Eqbal Al Yousuf is widely acknowledged to be a leading electronics provider to Dubai and an access point to vast amounts of development capital. Although this may be pure speculation, a solid relationship with entities within the Dubai business community cannot be a bad thing.

Companies are starting to form their distribution systems in the alternative power markets for the long term, and ZAP Inc. is one of the leaders. Make no mistake, alternative power sources are coming fast and the manufacturers are quite a bit further along in the development cycle then one might think. ZAP is ready and providing product. It is expected to get better from here on out as the market continues to develop and batteries get better at holding charge.

Let us hear your thoughts below:

Related Post