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Overview ZAP, incorporated on September 23, 1994, markets many forms of advanced transportation, including electric automobiles, motorcycles, bicycles, scooters, personal watercraft, hovercraft, neighborhood electric vehicles, commercial vehicles and more. In addition, the Company produces an electric scooter, the Zappy, using parts manufactured by various subcontractors. ZAP also established ZAP Rental Outlet, in 2002, to rent neighborhood electric vehicles throughout California. It plans to solicit the participation of rental agencies and other locations for the program. In March 2002, the Company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. In June 2002, the United States Bankruptcy Court confirmed its plan of reorganization and the Company emerged from Chapter 11. The plan includes a merger with two privately held companies. The Company completed its acquisition of Voltage Vehicles and RAP Group on July 1, 2002. Voltage Vehicles has exclusive distribution contracts for advanced transportation in the independent auto dealer network, including rights to one of the only full-performance electric cars certified under federal safety standards. The RAP Group owns an auto dealership focused on the independent automotive and advanced technology vehicle markets. A Voltage Vehicle authorized dealer, RAP showcases an array of advanced transportation at its dealership in Fulton, California. History ZAPWORLD.COM is America's largest manufacturer of electric bicycles and power-assist kits. ZAP, which stands for Zero Air Pollution, provides affordable electric vehicles for everyday use. They offer both the most versatile power-assist system available and the broadest product line. Their products, already sold by over 100 retailers across the country, are also offered through franchise outlets. Company staff combines more than 50 years experience in the electric vehicle industry, working on such vehicles as electric cars, buses, commercial and recreational vehicles. Over 30,000 people in 30 countries use ZAPWORLD.COM products. Among police, ZAP's quality and performance makes it the preferred choice at over 250 law enforcement agencies. More than 900 people purchased stock in the company's direct public offering. ZAP acquires several patents and several strong trademarks in the electric vehicle field. ZAPWORLD.COM is located in Sebastopol, California, a national center for electric vehicle innovation. As a going business since 1994, they've proven themselves innovative, fair, and capable. Mission To develop acquire and commercialize electric vehicles and electric vehicle propulsion systems that have fundamental practical and environmental advantages over available internal combustion modes of transportation while also having the ability to be produced commercially on an economically competitive basis. Vision To offer a complete line of affordable, quality electric vehicles to give consumers around the world choices about what they drive Business Structure ZAP’s management combines over 50 years experience in marketing electric vehicles, delivering over 75,000 electric vehicles to consumers, making it a world leader in personal electric transportation. Products/Operation ZAP’s goal is to bring all the best electric vehicle technologies under one roof. In 2002, the Company continued to enhance and broaden its electric vehicle product line to include electric cars, motorcycles, bicycles, scooters, personal watercraft, hovercraft, neighborhood electric vehicles, commercial vehicles and more. ZAP existing product line, which includes new and planned introductions, is as follows: ZAPPY® – This electric scooter is a stand –up, portable, lightweight scooter featuring a 12-volt battery with a built in charger and a collapsible frame. Its patented design includes a unique folding mechanism and propriety circuitry, which increase the efficiency and range of the vehicle. The ZAPPY® scooter accounts for the majority if ZAP’s sales. ZAPPY TURBO™ - The new ZAPPY TURBO is an improved version of the company’s ZAPPY folding electric scooter. The ZAPPY TURBO’s new electric propulsion system offers improved acceleration and hill climbing, and has a “hi performance” mode that allows the scooter to reach speeds of 19.5mph. ZAP started shipping this item in March 2002. SWIMMY™ - The SWIMMY was designed to give swimmers and snorkelers a boost in the open water or to enjoy in a pool. It’s as simple as grabbing onto the handles and pulling a switch for an effortless ride through the water with a quiet electrical assist. While ZAP already manufactures a Sea Scooter for scuba divers, the strong interest in this product received thus far, indicates a demand for a swimming pool version for children and fitness swimmers. SEA SCOOTER® - The SEA SCOOTER is an electric water scooter, which pulls a diver or swimmer through the water without gas emissions. It can also be used as a water toy for swimming pools or for more efficient snorkeling. POWERSKI® - This powerful design offers skaters a new form of transportation, exercise and pure skating fun. The two-wheeled device pulls the rider like a water skier via two flexible poles that allow a skiing motion. With a top speed of 15mph, the POWERSKI can easily turn and paved surface into a downhill skiing environment. POWERBIKE® - The POWERBIKE is primarily a mountain bike with a new and improved electric motor attached. It was designed to appeal to the low cost mass merchant. ZAP Light-Utility Vehicle (LUV) - The LUV is a new kind of automobile, referred to as a Neighborhood Electric Vehicle (NEV). The LUV sports a European design that comes from Italy. The vehicle has speeds up to 25 miles per hour (mph), has room for two and plugs into any normal household electric outlet. Lithium-Ion Battery - The Company announced the introduction of a new battery technology for electric cars, with a lithium-ion chemistry that has the potential to greatly increase the performance of conventional electric-vehicle batteries. The energy density of the lithium-ion battery has a four to one ratio compared to lead-acid batteries, meaning it could extend the range of an electric car from 60 to 240 miles per charge. ZAP is conducting further tests on the battery. Sea-Doo SeaScooter - The Sea-Doo SeaScooter is an affordable underwater propulsion device designed to pull swimmers and snorkelers through the water. It can run at speeds up to two mph at a depth of 60 feet and has built-in buoyancy regulation for maximum comfort. Zaplight - The Zaplight product is a perpetual flashlight that has no need for batteries or bulbs. With just 30 seconds of shaking the Faraday flashlight can generate enough power for up to five minutes of light. ZAP Viento Motorbike - The Viento is a two-seater, electric, moped-class motorbike with top speed of up to 30 mph and a range up to 50 miles per charge. The Viento also has new technology-like, belt-driven transmission and a global positioning system (GPS)-controlled navigation system. Microprocessor Drive Controllers - The Company is working to develop a series of low-cost proprietary motor controller microprocessors for all of its electric vehicles. These microprocessors may increase efficiency and provide lower costs of operation. SWOT Analysis Strengths· Conduct several acquisitions· Conduct business overseas· Development of new products· Acquired several patents· More liquid · Environment friendly Weaknesses· Lack of advertisement· Member of ZAP departed Opportunities· Bankruptcy/reorganization· Expansion of product line· Internal product development Threats· Presence of substitutes/competition· Lack of staff Strengths § Conducted several acquisition: Competition in the EV industry is growing now as well as the number of acquisitions.This paper is the property of CollegeResearch.com Copyright © 2003-2004 Approximate Word count = 5800 Approximate Pages = 23.2 (250 words per page double spaced) This is more of the essay, but the text is scrambled. Click here to register and get the full text. 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Approximate Word count = 5848
Approximate Pages = 23.4
(250 words per page double spaced)
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