Belgian innovative transmission developer MAZARO wins prestigious Solar Impulse Label
Press release
Destelbergen, December 7, 2021 - MAZARO, Belgian developer of revolutionary, patented transmissions for all kinds of vehicles, both combustion engine and electric motor driven, won the renowned Solar Impulse Label. This label recognizes and promotes efficient, clean and cost-effective technologies with a positive impact on the environment and quality of life.
Solar Impulse (www.solarimpulse.com) is an initiative of Bertrand Piccard, a Swiss explorer, psychiatrist and environmentalist. He has made history with two firsts: a non-stop flight around the world in a balloon, and recently the same flight in a solar-powered aircraft, without using fuels.
With this Label, Piccard wants to prove to policy makers that clean technologies can indeed be profitable, in the hope that governments will set more ambitious energy and environmental goals.
"We are proud of this label. It is the culmination of our efforts over many years to develop a transmission with a significant positive impact on vehicle energy consumption. Our technology can be used not only with combustion engines, but also with electric motors, which will be heavily promoted in the coming years," explains Filip De Mazière, creator of the concept and director of MAZARO.
MAZARO is developing revolutionary transmissions that reduce the energy consumption and emissions of both commercial vehicles and passenger cars by 11 to 19% and increase the driving range of electric vehicles by more than 16%. This is partly because some traditional, energy-consuming components become redundant. For internal combustion engines, think clutch, torque converter, ring synchronizers, gear, inefficient hydraulics, etc.
License Model
MAZARO's transmissions are patented. MAZARO's business model is primarily based on selling licenses to established component suppliers, rather than setting up its own production. This means that the company does not carry a heavy cost structure and has the ability to scale more quickly to more applications and geographic markets. The bulk of the revenue will come from a license fee on unit sales of the systems. The first license revenue is planned for 2023. Until then, pre-production revenues are generated by providing engineering services which mainly includes design and development of customer-specific transmission models.
Successful testing
MAZARO has already installed the innovative transmission technology in an electric truck. The results of recent tests in cooperation with the renowned testing and homologation company Applus IDIADA proved the correctness of the calculated benefits and performance. Compared to a traditional transmission, the E-truck could travel 16.8% further with the same amount of electricity, its top speed was no less than 50% higher (useful on the highway), and the powertrain delivered significantly more torque to tackle steep gradients.
Strategic partnerships
MAZARO will first apply its systems in commercial vehicles. Several leading manufacturers in Europe and Asia have already ordered prototypes and will build transmissions for trucks, quads, E-loaders, SUVs and tractors as of 2023. In a second stage, manufacturing will be expanded to passenger cars.
To further enhance its chances of success, MAZARO is working with ONEtoONE Corporate Finance, a reputable international M&A consulting firm active in the field of mergers and acquisitions, fundraising and IPOs, operating in 28 countries on four continents. ONEtoOne is a listing sponsor accredited by Euronext and will continue to advise MAZARO on its financial strategy and reporting throughout its listing.
Crowdfunding and listing
In order to finance the development of its systems and expand its team to meet the demand of its customers, MAZARO is launching a fundraising campaign of up to € 3M, of which € 500,000 will be through crowdfunding and € 2.5M through a private placement with qualified investors.
For the crowdfunding part, MAZARO is calling on Spreds, the Belgian SaaS platform for the digital management of stakeholders. The entry amount is € 5,000.
The entry amount for qualified investors is € 100 000. They are requested to contact ONEtoONE Corporate Finance directly.
The aim is to raise up to € 3M in the coming weeks. Subsequently, MAZARO will start a direct listing procedure on Euronext Access.
Register
www.mazaro.eu
https://www.spreds.com/compartments/3118-mazaro
Listing sponsor
ONEtoONE Corporate Finance
Guy van der Heyden
e-mail: guy.vanderheyden@onetoonecf.com
+32 477 42 24 65
Joint Book Runners
Spreds
Gilles van der Meerschen
e-mail: gilles@spreds.com
+32 475 74 45 46
V4G
Chris Raman
e-mail: chris@v4g.com
+32 475 35 70 80
Contact
Gunther De Backer
Backstage Communication
e-mail: gunther@backstagecom.be
+32 475 90 39 09
About MAZARO
MAZARO designs innovative transmissions that combine exceptionally high internal efficiency with the ability to keep the internal combustion engine or E-engine on its optimal efficiency curve at all times, providing unparalleled energy, emissions and cost savings while optimizing performance and comfort.
The benefits of this technology is most impressive in trucks, buses, off-highway vehicles, SUVs, elevator trucks and tractors both powered by a combustion engine and electric.
MAZARO is led by ir. Filip De Mazière, a civil engineer in Mechanical Engineering (UGent) with more than 20 years of experience as Chief Design Engineer at leading transmission suppliers HÖRBIGER/TREMEC and DANA. There, he was responsible for numerous successful transmission designs for McLaren, Ferrari, Liebherr and Case New Holland among others. De Mazière holds 15 international patents.
