U.Solve #EVChapter
A holistic program aimed at nurturing EV sector startups in Pakistan through patient capital, tailored business advice, and technical support, fostering sustainable manufacturing, energy-efficient innovations, and seamless EV infrastructure integration
Program Goals
- Identify and support key players in the EV sector, including vehicles, infrastructure, and the broader ecosystem, to foster their development, deployment, and commercialization
- Encourage startups to adopt sustainable manufacturing processes for electric vehicles
- Support in producing energy-efficient EV components
- Facilitate the development of infrastructure for seamless EV integration
Seeking Solutions Against the Identified Problem Statements:
- Integrating electric vehicles (EVs) into the existing power grid is hindered by infrastructure inadequacies, concerns about load management, and grid stability.
- The manufacturing processes for electric vehicles often lack environmental sustainability, leading to significant carbon footprints, waste, and resource consumption throughout their production lifecycle.
- Electric vehicles require energy-efficient components, like advanced electric motors, regenerative braking systems, and lightweight materials, to optimize energy usage and extend EV range, especially in challenging terrains.
Components of U.Solve #EVChapter
Advisory Clinics with Subject Matter Experts and Business Coaching
Offering entrepreneurs guidance on market sizing, competitor analysis, supply chain, legal frameworks, technical advice, and innovation in their business models, alongside refining key business documents to ensure investment readiness
Patient Debt Financing
Flexible financing options to support business launch and expansion
Post Financing Technical Assistance
Following are key aspects of post-financing Technical Assistance:
a- Continued business mentoring, coaching and advisory from successful entrepreneurs, investors and AP’s business coaches.
b- Marketing, bookkeeping, and legal services from top-of-the-line services providers, completely free of cost.
c- Market and commercial linkages in various industries nationally and internationally.
**This is exclusively offered to portfolio businesses i.e. businesses that have received financing from AP.
Eligibility Criteria
✅ Startups operating across Pakistan, specifically those within the EV sector
✅ Applicants should have a minimum viable product, ready to launch, or be revenue-generating startups poised for scaling
Complete Journey of An Entrepreneur
🔵 Submission of Application
🔵 Interviews of Shortlisted Applicants
🔵 5 Days In-Person Individual and Group Sessions With Business Experts, Subject Matter Experts, Etc.
🔵 Online Technical Advisory with Subject Matter Expert and fine tuning of Business documents with Business Experts Spanning Over 5 Weeks
🔵 Pitch for Investment/Financing
🔵 Due Diligence by Accelerate Prosperity Team
🔵 Offer of Financing
🔵 Post-Financing Technical Assistance
