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FAQ

WHAT IS QUADCYCLE AUTOMOBILE?

Quadcycle Automobile is a Nigerian electric vehicles manufacturing company. Established in 2015 as Quadcycle Automobile International and then registered as a Limited Liability Company in 2018 as Quadcycle Ltd. Since inception, Quadcycle Automobile has extensively researched and design multiple electric and hybrid vehicles with the aim of achieving practicality, durability, affordability and profitability. We are happy to have achieved great success in this and still working on making improvements to ensure the best products leave our factories.

WHAT TYPE OF VEHICLES DO QUADCYCLE AUTOMOBILE MAKE?

Quadcycle Automobile is currently focusing on last-mile transportation vehicles. Our flagship car is an open 4 wheel vehicle for public transportation. This vehicle is fully electric and uses solar energy for the battery charging. Quadcycle Automobile will also make electric cargo vehicles and electric motorcycles.

HOW ARE THE VEHICLES CHARGED

Quadcycle Automobile has designed a smart solar powered battery charging station. This charging station is designed to optimize battery life. The vehicles are designed with removable batteries which are replaced in the charge station within 5mins of arrival ensuring the vehicles are functional for most of the working hours.

WHO WILL USE THE VEHICLES?

Our vehicle are used for transportation purposes. This means the vehicles are designed as work vehicles which are meant to generate income.

HOW MUCH IS THE VEHICLE?

Quadcycle Automobile flagship vehicle Z3, which is a 4 wheel open vehicle cost $4,000

ARE THE VEHICLES FOR SALE?

Currently the vehicles are not for sale. They will be for sale when we have a good coverage for the solar charge stations.

HOW WILL QUADCYCLE AUTOMOBILE MAKE MONEY?

Quadcycle Automobile will make money from vehicle production and vehicles leasing. To ensure optimal use and control, Quadcycle Automobile will have a leasing department which will generate income for the investors and Quadcycle Automobile. The investors get 80% of the income and Quadcycle Autombile retains 20%.

WHY ELECTRIC VEHICLES AND NOT GAS OR PETROL VEHICLES?

There is constant price changes in gas and petrol which makes it difficult to maintain profitability. In the coming year, fuel subsidy will be removed which will make petrol vehicles more expensive to run. Solar energy is free. This creates a constant level of profitability. Other reasons are electric vehicles are environmentally friendly and have fewer parts making repair and maintenance fewer and cheaper.

HOW DO YOU INVEST IN QUADCYCLE AUTOMOBILE?

You can invest in 2 ways, become a shareholder or invest in the vehicles. Whichever option you choose, or not sure which to choose, please contact us for more details and clarifications.

HOW ABOUT SAFETY OF INVESTMENT AND VEHICLES?

We have a team of investment experts that can put you through the process. Like all investments, there are elements of risk. We have tried to minimize these risks to ensure that your investment is protected and is profitable. The vehicles are insured and equipped with cameras, GPS and GPRS trackers.

WHEN WILL THE VEHICLES BE ON THE ROADS?

We are still raising money from shareholders to fund the procurement of necessary equipment, personnel, charge stations and facility for mass production of the vehicles. We believe the first batch of vehicles will be ready by December, 2023.

WHAT DOES QUADCYCLE AUTOMOBILE REQUIRE NOW?

We need funding and qualified automotive employees. The initial funding required is U$D 900,000. This will enable us expand on the existing facility, purchase more equipment, hire necessary staff, increase R&D and produce the first batch of vehicles and solar charge stations.

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