EMOSS - Comprehensive Analysis Report

Summary

EMOSS, founded in 2011 and based in Oosterhout, Netherlands, is an electric heavy commercial vehicle manufacturing company. The name EMOSS stands for Electric Mobility One Stop Shop. Since 2018, EMOSS has been part of the Precision Group. EMOSS specializes in developing high-end battery systems, fuel cells, range extenders, generators, power electronics, and control systems.

EMOSS's mission is to pioneer zero-emission technologies and customized solutions, striving for a world where vehicles are powered by clean, efficient, and intelligent energy solutions, contributing to a more sustainable future. The company's vision is to become a product leader in electrification solutions for on- and off-road vehicles. EMOSS plays a significant role in the electric vehicle industry by providing complete electric powertrains and conversion solutions for various types of vehicles, promoting sustainable transportation.

1. Strategic Focus & Objectives

Core Objectives

EMOSS designs, develops, produces, and supplies complete electric powertrains for trucks, buses, military vehicles, and heavy equipment. A key objective is converting diesel trucks into ready-to-use electric trucks within approximately 90 days. They also focus on manufacturing ready-to-assemble modular kits that are assembled onto the chassis by the end customer. EMOSS aims to scale up its business 5 times, indicating a significant growth objective.

Specialization Areas

EMOSS specializes in electric powertrains for converting diesel-powered vehicles, modular electric drivetrain kits, and high-end battery systems. Their unique value proposition lies in offering complete electric powertrain solutions and conversion services for a wide range of heavy vehicles, including trucks, buses, and military vehicles.

Target Markets

EMOSS serves logistics companies and cities/municipalities. The primary geographic markets are Europe, North America, and Australia, targeting clients including leading logistics companies seeking sustainable transportation solutions.

2. Financial Overview

Funding History

EMOSS was acquired by Precision Camshafts on May 18, 2018, for $8.69 million. Precision Camshafts Limited acquired the remaining 49% shareholding of EMOSS Mobile Systems B.V., making it a wholly-owned step-down subsidiary for a total consideration of €0.6 million (INR 5.19 crores). EMOSS has not raised any funding rounds yet. In 2017, EMOSS posted a turnover of €6 million and grew at a CAGR of over 100% in the last 3 years.

3. Product Pipeline

Key Products/Services

Electric Powertrains: EMOSS provides electric powertrains for converting diesel-powered vehicles into electric assets. This includes design, development, production, and supply of complete powertrains for various heavy vehicles.

Modular Electric Drivetrain Kits: EMOSS manufactures ready-to-assemble modular kits for trucks and passenger vehicles. These kits allow end customers to assemble electric drivetrains onto vehicle chassis.

Conversions: EMOSS converts diesel trucks into ready-to-use electric trucks, offering a complete solution for transitioning to electric vehicles.

Service: EMOSS provides service support for its electric powertrains and conversions.

Technical Training: EMOSS offers on-site technical training for the maintenance of high voltage (HV) systems, as well as driver instruction for operating electric vehicles.

4. Technology & Innovation

Technology Stack

EMOSS develops, manufactures, and supplies fully electric and hybrid powertrains.

Core Technologies: Electric powertrains and power system conversions.

Scientific Methods: Utilizes data analytics and electric vehicle solutions in its development processes.

Proprietary technologies: include electric powertrains and power system conversions.

5. Leadership & Management

Executive Team

Edwin Hobbel: Co-Owner of EMOSS.

Patrick Heuts: Chief Technology Officer.

Jacob van Rijswijk: Chief Sales Officer (CSO).

Jeffrey van Nunen: Manager Operations Center.

Yvonne Evers: HR Manager.

6. Competitive Analysis

Major Competitors

EMOSS has 12 active competitors, including:

Ebusco: Focuses on electric buses and related charging infrastructure.

Volta Trucks: Specializes in purpose-built electric commercial vehicles designed for urban logistics.

Urban Mobility Systems: Likely focused on providing various urban transportation solutions, potentially including electric vehicles.

7. Market Analysis

Market Overview

The global electric vehicle market was valued at USD 500.48 billion in 2023 and is projected to grow from USD 671.47 billion in 2024 to USD 1,891.08 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period (2024-2032). The Asia Pacific electric vehicle industry held a market share of 51.24% in 2023. The U.S. electric vehicle market is projected to grow significantly, reaching an estimated value of USD 233.70 billion by 2032.

8. Strategic Partnerships

Precision Group: Since 2018, EMOSS is part of the Precision Group, a manufacturer of components and end-to-end solutions for the automotive industry. This partnership likely provides EMOSS with access to manufacturing capabilities, supply chain synergies, and technological expertise.

Local Specialists: EMOSS collaborates with local specialists for grants and subsidies, which supports their financial and operational activities.

Technical Training Partners: EMOSS engages with partners to offer on-site technical training for the maintenance of HV systems and driver instruction, enhancing customer support and service quality.

9. Operational Insights

EMOSS designs, develops, produces, and supplies complete electric powertrains for trucks, buses, military vehicles, and heavy equipment. The company has a customer base in Europe, the United States of America, and the Netherlands. EMOSS’s ability to convert diesel trucks into electric vehicles in approximately 90 days provides a competitive advantage.

10. Future Outlook

Strategic Roadmap

EMOSS aims to be a leader in the electric mobility industry and is preparing for rapid changes in electrical mobility and the increasing demand. They are focused on developing and supplying electric drivetrain kits for trucks and passenger vehicles from 7 tonnes to 75 tonnes around the world. The company is aiming to scale up its business 5 times, demonstrating a strong growth ambition.