New Zealand’s Utility Electric Vehicle, UBCO, now on-road and offshore
After successfully raising NZ$4.20M earlier this year, including NZ$1.40M from US investors, Spring Capital and successful technology entrepreneurs Bob and Ethan Ralston, UBCO is now growing their global market both on- and off-road. The off-road market in North America alone is estimated at US$12.7bn (including both 2 and 4-wheel drive vehicles) and the on-road market is about US$6.21bn USD.
Over the last year funds have been spent on R&D, market development, marketing and operating costs. The results are looking good both in product and market outputs.