In only 6 months since we made public the first image of an OX until today, more than half a hundred people have pre-booked their OX, validating the product-market fit in a time of global uncertainty.

Our clients reside mainly in Spain but also in other parts of Europe such as Italy and Portugal.

We have an assured forecast turnover in reserves of more than 300,000 euros in the first 6 months on the market. An average of 6 units per month is reserved and it is growing.

The investment in advertising is practically zero, more than 90% of the reservations obtained have been organic.

We plan to exceed 100 reservations by December 2020 and convert more than 80% of the reservations into final customers, this means a total turnover for 2020 of +416,000 euros.

We have agreements with 3 companies for the purchase of an OX One fleet. They are leading companies in the sector such as "Muving", a Moto Sharing company with the largest fleet of electric motorcycles in Europe.

The electric motorcycle market is booming. With only 4 years of life in Spain already reaches a value of 48M euros in 2019 almost doubling its value each year, is expected to reach a value of 74M euros by 2020 with almost 20,000 units sold. The Spanish market accounts for 15% of the European total, which will reach 315M euros in 2019. In this same year, a total of 680,000 units have been sold worldwide and it is predicted that by 2027, 7M units will be sold in the same year, with a compound annual growth rate of 35.5%.

OX Motorcycles' hybrid manufacturing system reduces the company's costs and cash flow stresses. Outsourced manufacturing, in cooperation with the company's designers and engineers, optimizes development and manufacturing processes and achieves high quality standards

The technological development is carried out in Madrid and Cáceres, so OX has total control over it. The final assembly and tuning is carried out in Madrid.

The design of the motorcycle, the moulds created for the manufacture of OX One and the development of the SmartBox are the property of OX Motorcycles, the only company with the right to use and develop it.

The project is formed by 3 founders who have experience developing projects in different countries. They know each other and have worked together before, complementing the team with several senior profiles with long experience working in the automotive sector, technology and product design.