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Bob Eco is a for-profit social enterprise and producer of electric vehicles and clean energy that creates thousands of jobs while fighting pollution and poverty. Bob Eco is working in the fastest growing market in the world.
The two- and three-wheeler market in emerging economies has a market size of $600 billion, meaning that the demand for Bob electric vehicles is limitless.
What is Bob Eco?
Bob Eco is a green technology company that allows individuals in developing countries to lease electric motorcycles to taxi people around. Bobcoin, an asset-backed coin, is the first instance in the world of cryptonization by a for-profit social enterprise.
The innovative model of the Bobcoin Program offers the best of both worlds–it combines the flexibility and freedom of a distributed blockchain-based asset with tangible real-life businesses.
The fundamentals of Bob Eco started in 2017, when the founders began providing small loans to individuals across emerging markets. The founders went on a mission with a far-reaching impact. The idea was simple—use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs dramatically increase their economic trajectory, thereby creating over 200,000 jobs. Bob Eco started to build a long-term ecosystem for micro-entrepreneurs to grow and thrive as their partner, from financing to value-added services to new opportunities. The social impact Bob Eco has had and continues to have is massive. The benefits of access to low interest asset financing include:
- Enabling entrepreneurs to start or expand micro, small, and medium-sized enterprises.
- Savings help families build assets; they can finance school fees, improve homes (e.g., install power or running water), and achieve goals.
Bob Eco observed that over 94.3% of all loan requests were used for taxi vehicle financing, and therein lies the problem. Considering that millions of motorcycle taxis operate in African countries, with some driving up to 16 hours a day, often covering hundreds of kilometers daily, Bob Eco was helping to move people out of extreme poverty by majorly threatening human and environmental health. Bob Eco actively promoted a significant source of carbon emissions—ubiquitous fuel-powered motorcycles—and this CO2 spewing was a considerable obstacle. Bob Eco decided that it could no longer pollute the environment in this way. The day Bob Eco stopped providing credit for CO2-spewing taxis was a good day for electric transportation in emerging markets.
Bob Eco changed this concept to make all the motorcycle taxis electric and now offers its electric vehicles to local people on a lease-to-own basis, meaning that they can own the Bob electric motorcycle after a maximum term of 36 months. Training, life and medical insurance, and high-quality safety gear are all included, and Bob's staff actively support clients to reach their ownership goals.
Bob Eco offers users the world's first mass-market electric vehicle that costs less to acquire, maintain, and operate than a fuel vehicle. On average, motorcycle taxi riders spend USD 4.40 daily on fuel and make an average daily profit of only USD 1.50, which they take home to their families. Bob riders save around USD 4.40 on fuel a day, which means they earn almost four times as much as a petrol motorcycle taxi.
All the income from Bobcoin sales is invested into electric vehicles, making Bob Eco the first crypto company to use cryptocurrency to solve real-life problems with tangible, high-class, technological products.
Further application of crypto technologies
Bob Eco revolves around the financing and sales of electric vehicles and exploiting the Bob charging ecosystem, which is already built with technology. This includes the Bob Battery Management System (BMS), the charging systems, and other systems that allow the company to operate efficiently, such as payment systems used for recurring monthly payments with local providers.
As a crypto enterprise, Bob Eco is hugely enthusiastic about the benefits of crypto technology in processes and procedures. There are concrete plans for the further implementation of crypto technology into the company, as Bob Eco believes that effectively employing the blockchain in overall company processes will create trust, security, and transparency with the traceability of public data shared across the grid.
Blockchain Asset Management Systems
Since Bob Eco's ICO-WA, investments raised through the ICO will be used for asset purchase. Bob Eco is integrating blockchain technology into asset management systems, hoping to show the assets and commodities under its control transparently and variably. The company is planning to use blockchain technology for this purpose; proactively providing digital, permanent, and auditable records will show stakeholders the status, place, and ownership of products, and all will be verifiable by chassis, engine, and GPS numbers.
Creation of Utility Tokens
There is a wide array of practical usage for utility tokens in the Bob Ecosystem. At the beginning, there is no immediate necessity, as lessees in Africa pay for an all-inclusive price package. However, after the lease payment has stopped, we will introduce utility tokens for maintenance, battery swaps, and other applications. 'Ride utility tokens' will be created for rental scooters and motorcycles in developed countries.
Bike Purchasing and Good Behavior Bonuses
As described in our Tokenomics, there is a Bobcoin rebate for riders when leasing or purchasing a motorcycle. This will eventually lead to a further payment integration for lease payments and buying goods and services through decentralized finance.
Creating Opportunities for Decentralized Systems
As an innovator and revolutionary company working in areas where basic systems are not established yet (e.g., land registry, digital payment systems), Bob Eco can contribute blockchain techniques to the process of building trustworthy systems.
Company focus and values
Bob Eco wants to be the most transparent crypto-backed company by showing all Bobcoin holders what happens to the money they invest and raise, and the firm aims to use blockchain technology to give further transparency.
The company is positioned to adopt an operational model and technology that are driven towards green and sustainable innovations, yielding our new electric-powered motorcycles. Besides noise pollution, Bob Eco would be able to dramatically reduce fine particles and greenhouse gas emissions and improve the health standards of its market populace and region, as electric motors are non-polluting and are 3–4 times more efficient than fuel motors in terms of maintenance. With our e-motorcycles, operational experience, and testimonials from associated parties, advocates of greener economies will find that Bob Eco is a more reliable partner that is already implementing its goals of carbon reduction and supporting the fight against climate change.
The operations of motorcycle taxis in African markets do not exist without reports of criminalities, recklessness, and other threats to human safety in the region. The coming of Bob and its mode of operation has helped in easing fears and suspicions targeted at motorcycle taxi riders. This is made possible through the implementation of extensive know-your-customer (KYC) strategies, providing a community of responsible, business-oriented, educated riders. As we operate across multiple cities, we are sure to have evenly distributed risks with hard assets, which can be followed—and even recovered—as there are irremovable GPS systems mounted on every motorcycle.
Bob Eco's CEO
Bob Ultee, CEO and co-founder of Bob Eco, leads all product design, engineering, and manufacturing of the company's electric vehicles, battery products, and solar energy products. Bob Ultee is the author and creator of the Bob Eco Program, the Bob Eco Community, and Bob Eco entrepreneurial courses for independent electric-vehicle businesses.As the founding father of Bob Eco, Bob Ultee is featured on Bobcoin. The Bobcoin face shows him smiling on one side and the Bob Eco logo on the other side. Bob Ultee's focuses are energy and philanthropy; his interest in renewable energy is why he co-created Bob Eco. He sought to create an electric motorcycle for the people and has revolutionized the idea of electric two and three-wheelers.
Guided by the belief that every life has equal value, Bob Ultee works to help all people lead healthy, productive lives. In developing countries, he focuses on improving people's health and giving them the chance to rise out of hunger and extreme poverty.
More information about the company can be found on the official website (www.Bob.eco) and the official crypto website (www.bobcoin.eco)
If you're considering investing in Bob Eco, if you're interested in Bobcoin, or just want to learn more about this innovative company, we're here to help. With us you will learn what Bobcoin is, what makes it so special and how you can buy the coin with Sofort or credit card on Knaken.