ElectraFleet SA
ElectraFleet SA

Convert Africa's Fleet.
Don't Replace It.

Converting existing commercial vehicles to electric — 40-70% cheaper than importing new EVs, with payback under 3 years.

500
Vehicles/yr by Y5
60%
Cost Saving
0%
CKD Duty
01 / 13
02 / 13
The Problem

Africa's EV Cost Barrier is Unsolvable at Import Prices

New electric trucks cost $200K-$612K landed in South Africa with 25% import duty. Less than 1% of the continent's 5 million commercial vehicles are electric.

Diesel costs surged R7.37/L in April 2026 and ESG mandates are tightening yet affordable EVs simply aren't available.

$560,280

Volvo FH48 Electric landed price for a single 48-ton truck

25% Import Duty

SA charges higher duty on EVs (25%) than ICE vehicles (18%)

03 / 13
The Solution

Convert. Don't Replace.

We remove the diesel drivetrain and install a complete electric powertrain at a fraction of new-vehicle cost.

01

Strip

Remove ICE drivetrain, exhaust, fuel system

02

Install

Mount electric motor, inverter, battery packs

03

Integrate

Wire HV systems, CAN bus, thermal management

04

Certify

NRCS homologation, road trials, handover

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Vehicle Portfolio

11 Platforms. Every Class.

ModelClassGCWBatteryRangeOEM PriceConversionSaving
FL 14TLight14t145 kWh200 km$199,640$43,30078%
FL 18aMedium18t280 kWh280 km$251,160$59,50076%
FE 26aHeavy26t280 kWh200 km$283,360$67,20076%
FH 48aExtra Heavy48t540 kWh600 km$418,600$105,90075%
FH 48bExtra Heavy48t780 kWh700 km$560,280$127,00077%
7900 12aCity Bus19.5t198 kWh200 km$515,200$56,50089%
eKamvaMinibus-80 kWh200 km$63,000$27,50056%
BYD C6Minibus-135 kWh200 km$92,500$35,30062%
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Cost Benchmarking

OEM vs Conversion Side by Side

FL 14T
$200K
-78%
FL 18a
$251K
$60K
-76%
FE 26a
$283K
$67K
-76%
FH 48a
$419K
$106K
-75%
FH 48b
$560K
$127K
-77%
7900 Bus
$515K
$57K
-89%
eKamva
-56%
OEM ImportConversion
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Unit Economics

The Numbers That Close Deals

FH 48a Extra Heavy (48 ton) at 120,000 km/year.

Conversion Investment

$105,900
Extra Heavy 540 kWh
Save $312,700 vs new EV

Annual Distance

120,000 km
Long-haul average

Annual Energy (EV)

144,000 kWh
1.20 kWh/km
Cost: $36,000/yr

Annual Diesel (ICE)

57,600 L
48 L/100km
Cost: $95,040/yr

Annual Fuel Saving

$59,040
Electricity vs diesel

Maintenance Saving

$11,405
30% lower EV maintenance

Payback Period

1.5 years
Total saving: $70,445/yr

CO2 Avoided

154 tonnes
Per year
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Where the Money Goes

Conversion Cost Anatomy

FL 14T$43K
$7K
$21K
$10K
$15K
FL 18a$60K
$14K
$25K
$11K
$18K
FE 26a$67K
$14K
$29K
$13K
$22K
FH 48a$106K
$26K
$40K
$18K
$32K
FH 48b$127K
$38K
$46K
$21K
$35K
7900 Bus$57K
$10K
$26K
$12K
$22K
eKamva$28K
$4K
$12K
$6K
$10K
BatteryDrivetrainImportInstall
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Policy Tailwinds

South Africa Is Incentivising This

150% Tax Deduction

From March 2026 EV manufacturers can deduct 150% of qualifying capex. Net benefit: 13.5% of every dollar invested.

CKD Duty Exemption

Components imported as CKD kits qualify for reduced or zero duty under the APDP.

R1 Billion EV Fund

Government allocated ~$55M to boost local EV production by 2035.

Carbon Tax Escalation

R236/ton CO2. Each converted truck avoids 35-154 tonnes/year.

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Market Opportunity

5 Million Trucks. Less than 1% Electric.

Conversion addresses the installed base not the trickle of new sales.

5M+
Commercial vehicles in Africa
$95K
Annual diesel per 48T truck
154t
CO2 avoided per 48T/year
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Business Model

Three Revenue Engines

01

Conversion Services

Core revenue. 35-45% margin. 500 vehicles/yr by Year 5.

02

Battery-as-a-Service

Lease battery packs. Recurring revenue. Second-life storage.

03

Charging Network

Depot and route charging. Renewable energy. Per-kWh revenue.

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Financial Projections

Path to $51M Revenue

$5.5M
Capital Raise
$51M
Y5 Revenue
38%
Gross Margin
Year 1Year 2Year 3Year 4Year 5
Conversions3080180350500
Revenue ($M)2.16.415.331.551.0
Gross Profit ($M)0.72.45.812.019.4
EBITDA ($M)(1.2)0.83.58.114.2
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Timing

Why Now

01

Diesel Shock

R7.37/L increase in April 2026.

02

Battery Costs at Historic Low

LFP at $49/kWh. Sodium-ion at $39/kWh imminent.

03

150% Tax Deduction Active

March 2026. First movers capture the full benefit.

04

ESG Mandates Tightening

Corporate fleet decarbonisation accelerating.

05

No Competitor at Scale

No established conversion operation in sub-Saharan Africa.

06

CHARGE Network Synergy

National off-grid charging infrastructure deploying.

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ElectraFleet SA

Africa doesn't need to import the electric future.
It can build it.

Converting Africa's existing commercial fleet to electric. Faster. Cheaper. Sustainable.

$5.5M
Capital raise
500
Vehicles/yr by Y5
$51M
Y5 Revenue
EV Conversion ROI Calculator

EV Conversion ROI Calculator

Select your vehicle type, enter your annual kilometres, and see the full economics — investment, savings, and payback period.

Industry avg for Extra Heavy: 120,000 km/yr

Annual Running Cost Comparison

Payback Timeline

Year 0Year 1Year 2Year 3Year 4Year 5

5-Year Cumulative Returns