The two-wheeler market in Rwanda was analyzed, including the estimation of the Total Addressable Market (TAM) for e-bikes. Additionally, the competitive landscape, total cost of ownership modeling, and business models for e-bikes were assessed, comparing them with existing ICE motorcycles and other e-bike manufacturers in Rwanda.

A comprehensive list of essential documents across different vehicle and related systems like battery, motor, charger, etc. was prepared to validate and verify the company’s claimed operations. Multiple consultations were done with the company to gather preliminary information, access the data room, and subsequently collect the necessary documents, followed by a site visit for in-person data collection and physical examinations.

The company's product capabilities, performance, manufacturing processes, sourcing strategies, quality control mechanisms, and team capacity were assessed. Additionally, technical moats and risks impacting business operations were identified, and the climate risk on the company's assets was evaluated alongside recommendations on mitigation measures

Prepared a percipient report for the client, synthesizing Rwanda's market opportunity, TCO analysis of offered products, and a technical assessment (including SWOT), enabling informed investment and strategic decision-making.