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Zeus Electric Chassis - REG-D 506C (Accredited Investors Only)

Raised to Date: 
$110,000
2 Investors

Funding goal
$10,000,000
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 Invest Now
ID: 
ZEUS-D-2021
Exemption: 
REG-D (506c)
Accredited Only: 
Yes
Minimum Goal: 
$0
Raise Start Date: 
Monday, May 3, 2021
Raise End Date: 
Friday, December 31, 2021
Raise Target Date: 
Wednesday, June 30, 2021
Suggested Investment: 
$50,000
Issue Type: 
SAFE
Target Goal: 
$10,000,000
Maximum Goal: 
$50,000,000
Minimum Investment: 
$10,000
2320 Leibel Street
White Bear Lake, MN 55110
United States

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Contact Zeus Investor Relations anytime!

 

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Zeus Electric Chassis, Inc.

One of the Fastest Growing EV Truck Platforms in the Class 4-6 Truck Market

Website | Minneapolis, MN - Electric Vehicles

Current Offering

Zeus is raising $10.25 million via crowdfund and 506C offerings to fund our operations and the completion of our first 20 truck builds in 2022. These offerings will close on Friday, December 31, 2021.

About Zeus Electric Chassis, Inc.

Zeus is a purpose-built EV work truck platform that can be configured to meet the unique needs of any industry segment, including, utility, telecom, waste collection, shuttle, RV, fire and rescue, landscaping, and construction to name a few.

Don't miss your chance to be an early investor in Zeus. Investors seeking to jump into the electric vehicle space should give serious consideration to the opportunity presented by the vocational medium and heavy-duty electric truck segment. Medium to heavy-duty work trucks make up the majority of commercial and government fleets around the world. While much of the focus regarding electric vehicles has centered on the mass consumer market for passenger cars and light-duty trucks on one end, and city buses and semi-trucks on the other, the market for work trucks has received little attention.

The Problem

In the U.S. alone roughly 400,000 work trucks are built every year. The transportation industry is responsible for 28 percent of total greenhouse gas emissions in the U.S. medium- and heavy-duty trucks account for 23 percent of those emissions. Adding even a small percentage of zero emission work trucks to fleets would dramatically reduce the utility truck industry's carbon footprint.

Many factors are driving the growth in work truck fleet electrification:

  • Lower Operating Costs
  • Environmental Impact
  • Productivity Enhancements
  • Noise – Safe Environment
  • Company Image
  • EV Mandates & Legislation

The Solution

Zeus Chassis onsite in St. Paul, MN
Since the unveiling of our fully functional prototype, we have received consistent validation from OEMs and end users who need capable, severe-duty solutions.

What if drivers had a truck that could be configured to solve their toughest business problems and give them new, more efficient ways to work? What if fleet managers could build and manage an entire fleet with the same chassis despite diverse work applications and configurations?

Many in the EV world believe the goal is to have all-electric vehicles on the road to serve different transportation needs. For Zeus, this intention was a given. We set out to develop a better model of transportation design and delivery that eliminates the most common challenges that fleets and medium-range vehicles face to enable innovation and efficiencies that go beyond the carbon impact.

Since the unveiling of our fully functional prototype, we have received consistent validation from OEMs and end users who need capable, severe-duty solutions.

Investing With Zeus

Zeus is offering a Simple Agreement for Future Equity (SAFE) at an 80% discount rate with a $120M CAP.

A SAFE is a security that allows investors to invest prior to a liquidity event. Liquidity events include a change of control in the Company, a listing on a national securities exchange, and initial public offerings.

To illustrate how our SAFE works, we currently have 8,617,641 shares outstanding. If our shares are valued at $1 per share at the time of a liquidity event then our investor’s preferred stock price will be 80% of our $1 per share price (or $.80 per share) up to the $120M CAP. If the Company is valued greater than the CAP then our investor’s preferred stock price will become fixed at $13.92 per share based on the CAP price outlined in the table below.

Zeus Investment Table

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How We are Different

Zeus Chassis onsite in St. Paul, MN
Zeus has created key relationships with leading industry OEMs, upfitters and body manufacturers in the vocational work truck industry.

While there are other solutions out there, no other manufacturer has addressed the full range of needs in the vocational truck industry. And none offer the versatility that Zeus brings to the market. We're redefining the way businesses and governments build and manage fleets. We sit down with customers up front to develop holistic solutions that streamline the process of building and managing fleets.

Zeus doesn't have just one or two differentiators in key market segments, we have many:

  • Upfitters and OEMs are able to leverage existing truck bodies and tools
  • Unlimited specialty and vocational applications
  • Providing exactly what customers want, mechanically, hydraulically, and electrically
  • Unmatched versatility and speed to market
  • Unmatched range of weight class capabilities from 14,000lbs to 55,000lbs with the SAME platform
  • Minimum 10-year life and lifetime upgradeability

Business Model

Zeus Business Model
The Zeus team has leveraged deep automotive and technology experience to launch an innovative product and business model, capture market share and empower explosive growth.

The Zeus Power Platform™ business model will enable unmatched speed to market while utilizing existing OEM body solutions and channels to market.

Our Cab-Chassis solution is configurable from 10k to 55k GVWR applications and is designed to position OEMs & upfitters for success.

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The Vision

Zeus Onsite in St. Paul
The dimensions of the Zeus Chassis can easily be altered to meet a customer’s mission.

Zeus is dedicated to engineering & manufacturing uncompromising, all-electric vocational solutions that address environmental & industry needs.

The Zeus team has leveraged deep automotive and technology experience to launch an innovative product and business model, capture market share and empower explosive growth.

Our trucks are built on the Zeus Power Platform™ that forms a modular bottom framework of the vehicle (chassis). The dimensions of the Zeus Chassis can easily be altered to meet a customer’s mission. The exterior of a dump truck may look a lot different than an airport shuttle but with a few simple adjustments the same underlying chassis can be used on both.

Our Team / Leadership

Zeus Chassis onsite in St. Paul, MN
The Zeus Team represents diverse & complimentary backgrounds in specialty vehicles, energy, manufacturing, aerospace, motion control, supercomputing & data analytics industries.

Zeus benefits from an exceptional executive team with deep automotive and technology experience and an established record of success.

Meet the team here

Reasons to Invest

  • A Broad, Addressable Market
    Our versatile design and assembly process means we can quickly configure our trucks for a wide range of industries including utility, telecom, waste collection, shuttle and school bus, fire and rescue, landscaping and construction, to name just a few.
  • Unique Market Position
    Zeus is well connected within the vocational truck industry and is working with major players to build out our first order of trucks. We leverage companies that are closest to our customer’s mission of sustainability - business developers, dealers, OEMs, up-fitters, contract manufacturers and service providers. Zeus has a huge head start over its competitors.
  • Lower Cost of Ownership
    Owners will not only recoup their fuel cost over time, but also enjoy flat, predictable monthly costs and significant savings over the life of each vehicle.
  • Reduced Carbon Emissions
    In the U.S. alone, roughly 400,000 work trucks are built every year. The transportation industry is responsible for 28 percent of total greenhouse gas emissions in the U.S. Medium and heavy-duty trucks account for 23 percent of those emissions.
  • Fleet Electrification Mandates
    Fifteen states in the U.S. Climate Alliance have taken steps to convert 30% of their work truck fleets to electric by 2030. Fulfilling the EV fleet adoption in these states alone represents a potential $8 billion market by 2030. (Source: NTEA - The Association for the Work Truck Industry)

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Zeus Chassis in St. Paul, MN
Zeus is well connected within the vocational truck industry and is working with major players to build out our first order of trucks

Traction

  • First Truck Chassis Customer
    The Company has signed a purchase agreement with the Sacramento Municipal Utility District (SMUD), the 6th largest community-owned, not-for-profit electric service provider in the U.S. In the proposed deal, Zeus will deliver five purpose-built vocational work trucks in Q1 2022 to support a six-month fleet adoption program.
  • Expanding Manufacturing Infrastructure
    We opened a 11,000+ square foot production facility in MN and are working with Choctaw Defense Manufacturing to expand production facilities.
  • Patented Technology
    We are represented by the Minneapolis patent firm Patterson Thuente Pedersen, P.A. and are in regular communication with their attorneys with respect to our growing patent efforts, including design and frame patents for our class 4-6 truck chassis.
  • Growing Expert Team
    Zeus benefits from an exceptional executive team with deep automotive and technology experience and an established record of success. 
  • Expanding Industry Relationships
    Zeus has created key relationships with leading industry OEMs, upfitters and body manufacturers in the vocational work truck industry.
  • A Working, Crash-Tested Prototype
    The Zeus Gen II Prototype has been developed with industry leaders including Marion Body Works, Webasto, WABCO, Meritor, and Nott company. The truck has passed industry crash testing and is currently undergoing CARB and brake testing.

Our Story

Zeus Chassis with founder, Bob Grinstead
Founder, Bob Grinstead worked closely with industry partners to build a powerful truck that exceeds diesel counterparts in many cases.

Our founder and CTO, Bob Grinstead, began engineering a process to build work trucks that put the decision-making power in the hands of the user. He developed the truck on a modular chassis that could meet rigorous industry standards in a zero emissions future. From his 25 years in the specialized truck industry, Bob knew that work trucks inherently came with tradeoffs.

As Bob refined his design, he saw the opportunity electric vehicle (EV) technology offered to resolve many of the trade-offs the industry had long accepted. Battery technology was tracking on the Moore’s Law curve with price performance doubling every 18 months. He embraced the engineering advantages: a more efficient powertrain, few moving parts and a lower total cost of ownership.

Bob worked closely with industry partners to build a powerful truck that exceeds diesel counterparts in many cases. The resulting prototype launched Zeus Electric Chassis, Inc.

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