We need a better solution to the global mobility issue…
Right now, we may already be entering the post-pandemic era of (OTC:TUGAF, CSE:TUGA) “hypermobility,” and neither Tesla nor Uber may be able to rise up to the global challenges that face billions of people every day.
The world needs alternative solutions now.
We believe this company, Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA), has the potential to help deliver them.
We anticipate Tuga will follow the lead of other electric vehicle companies like BYD and Canoo that have been some of the most profitable investments. Just recently Walmart ordered 4500 EV's from Canoo which sent their stock soaring.
Buying EV stocks before news like Walmart making a mass order for Canoo EV's is crucial. Walmart made this order and the shareholders of Canoo stock were big winners once the order by Walmart was announced.
We believe that Tuga is the type of vehicle that car share companies, delivery app companies and many more would mass order for their drivers. It is the ultimate utility vehicle.
We invite you to watch the video below.
The future will be electric, and both carmakers and investors realize that.
In other words, perhaps the only way for a mobility company to be successful in the future is to produce electric vehicles.
And Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) fits this description perfectly. Its vehicles are not only electric, but also they may be in a class of their own.
Two- and three-wheel EVs could, according to Tuga, could reach almost a potential half a billion units sold per year by 2030.
Some of the world’s biggest economies have been setting very ambitious goals for EV adoption.
The government of China wants to see EVs take a 25% market share by 2025.
But China, of course, isn’t alone in its push for EVs.
Germany sees 7–10 million EVs sold by 2030 and up to one million charging stations available.
And India’s market, valued at just about $1.4 billion in 2021… could potentially grow by up to ten times by 2027, according to Mordor Intelligence.
The regulatory bodies of China, India, South Korea, Indonesia, and Bangladesh have been implementing various programs to enhance the sales of electric three-wheelers.
India's Ministry of Heavy Industries and Public Enterprises launched Phase-II of the FAME India Scheme received a total budgetary support of US$ 1.39 billion. This phase aims to support 500,000 electric three-wheelers.
This is why Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) plans to target both the developed world and the emerging economies.
Developing countries use smaller, more agile vehicles with one to two passengers.
Congestion is an issue with counties of over a billion people, and companies like Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) could potentially help to address the pressing issue of traffic chaos.
Tuga aims to replace three-wheel taxis and may look to lead the market for delivery and commuter vehicles in developing nations.
India roads are flooded mainly with two- and three-wheel vehicles as are most Asian countries.
Tuga’s plan for compact size and safety could help their proposed vehicles replace motorcycles and these rickshaws in the image above for millions of people.
We believe that a company like Tuga may help replace many two and three wheeled vehicles in countries like India which would be a tremendous opportunity for Tuga. (OTC:TUGAF, CSE:TUGA)
Take a look at the picture below. It perfectly illustrates what we have been talking about…
Hypermobility may be the only solution to urban traffic.
Tuga is developing a flexible mobility concept that, in our view, could help to be part of a revolution in several industries, from urban mobility to home delivery and beyond.
Tuga, in our view, will be unique. And it will stand out from the competition.
The vehicle itself could be modified to function either as a passenger or a delivery vehicle.
It could also be used as a taxi, delivery, corporate fleet car, or leisure vehicle.
In other words, a Tuga vehicle could do efficiently what several “regular” electric vehicles can’t.
And the vehicle’s patent-pending retractable rear axle is designed to offer stability when extended and agility when retracted.
Tuga’s vehicles, according to the company, will offer the comfort of a car, but they will be safer and more protected than a motorcycle.
In our view, they will combine the best features of both. We think of it like a sports car aimed to be safer, better connected, and more environmentally friendly than virtually any similar product currently on the market.
It will incorporate safety, performance, environmental, as well as comfort, maintenance, repair, utilization, and navigation data to improve its customers’ driving experiences.
And it will also have about 150km (93-mile) range, which is said to be double the mileage an average urban commuter needs daily, according to Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA)
Tuga's small body additionally does not take such large batteries and as such a replacement battery can be stored on board in case the driver needs to swap it out in less than 60 seconds to get another 93 mile range.
The team behind Tuga’s innovative concepts includes professionals with experience in the automotive industry and go-to-market strategies. Both areas of expertise, in our view, are critical for helping company achieve the commercial success that, in our view, it could one day have.
The company’s CEO and co-founder, John Hagie, has extensive experience in business development, including hardware, software, and services.
Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA)’s Chief Technical Officer Kraig Schultz has over 30 years’ worth of experience in the automotive supply chain and product development.
His experience in supply chain management is of major importance for Tuga. It could help to one day make Tuga a market leader by navigating the complex post-pandemic supply-chain environment.
In our view, the company’s team is equipped to not only deliver on its development milestones but also on its plan to make Tuga a market leader.
Some of the smartest investors in the world, such as Warren Buffett and Charlie Munger, say they are bullish on fast-growing countries such as China.
For example, Buffett invested $232 million in a Chinese electric-vehicle startup BYD back in 2013. In just five years, his investment increased by almost seven times, to about $1.6 billion.
On April 18 2022, BYD announced net profit in the first three months of 2022 soared by as much as 300% from a year earlier amid record sales of electric vehicles.
The company said in a stock market filing that net profit for the first quarter of 2022 would likely range between 650 million yuan, or $101 million, and 950 million yuan from 237.4 million yuan a year earlier.
This tells us that some of the best investors in the world may be on the lookout for EV opportunities in the developing world, especially China.
Tuga could be the perfect EV for China with its massive population and aggressive carbon reducing goals.
But it’s not as easy for individual investors to access some of the most early stage opportunities in the developing world, including China and India.
BYD shares are ONLY listed in China except for the ADR's. Tuga shares are listed directly in the US under OTC symbol TUGAF, which allows easy direct access to the company shares that will have direct exposure to the Chinese EV boom.
Sure, one could buy a broad-market ETF, but it will not provide direct exposure to specific development stage companies operating in China or India.
We like Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) because it could potentially provide some of this type of exposure with a direct listing on the OTC under symbol TUGAF.
Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) is looking to address a global problem.
Developing countries are accustomed to compact cars and not sedans or SUVs. Those are traditionally purchased by the better-off consumers as parking and price tags are too high for the average buyer.
Even in the developed world, the problem of car ownership is real.
This is why car-sharing services like Car2Go or Zipcar are popular. They offer their customers use of a car for a fee without most of the hassle related to car ownership.
The car-sharing market is rapidly growing. Between 2021 and 2027, it is projected to grow by 20% every year.
We think Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) could potentially become a household name in the car-sharing market.
It’s aimed to be safe and customizable, with enough charge to drive around urban areas, and to require very little parking space.
It sounds to us like a winning combination for car-sharing usage.
In our view, only companies producing what we call “hypermobility” vehicles, like Tuga is planning to develop, will be able to look for profit from the anticipated “commuter revolution”...
But it gets even better from our perspective…
Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) is well-equipped, in our view, to address another key challenge… and look to benefit from another potential multi-billion dollar market opportunity.
The Food Delivery Market Is Booming
We call Tuga a “hypermobility” company for a reason.
Its platform is being designed to allow users to convert their Tuga into several things, like a taxi or a delivery vehicle.
Scooter and bicycle delivery no longer works, in our view. A better alternative solution is badly needed.
As proof, take a look at this “graveyard” of motorcycles and scooters in China.
These vehicles didn’t have the long-term capacity to be an efficient delivery method for the billions of people ordering food online in the post-pandemic world.
Companies like Tuga, which intend to offer flexible solutions, might, in our view, obtain an extra level of interest in the Chinese and other Asian markets.
Food delivery is likely a big part of the future of the mobility market.
For example, Uber’s food delivery revenue in 2021 was higher than its ride-sharing revenue.
Also, while the company’s ride-sharing sales were down 5% compared to 2020, its delivery sales increased by 73%.
This is why Tuga Innovations Inc. (OTC:TUGAF, CSE:TUGA) has developed a concept aimed to be suitable for both commuting and food delivery.
This is another example of the company’s “hypermobility” strategy.
We encourage you to put this company on your radar.
Thank you for your loyal readership,
The Financial Star Team
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are forward-looking statements. Forward-looking statements in this material include that the market for electric vehicles will continue to grow globally and in developing countries; that the electric vehicle market will continue to expand and that two and three wheel vehicles will be adopted; that global clean energy trends will continue and that the demand for electric vehicles, and in particular two and three wheeled electric vehicles, will grow substantially; that most countries will continue to implement ambitious electric vehicle adoption plans; that population growth in urban centers will continue to grow substantially and that congestion and traffic on highways and roads will increase; that people will demand more affordable and compact vehicles, including two and three wheeled electric vehicles, as a result of increasing traffic congestion; that investment in the electric vehicle market will continue to increase; that smaller and more affordable vehicles will be favored in the growing electric vehicle market compared to “regular” sized electric vehicles; that ride sharing and food delivery markets will continue to grow as anticipated; that Tuga’s vehicle designs will be produced and will achieve commercial sales; that Tuga’s vehicles will in the future be commercially mass produced and widely adopted in developed and developing countries; that Tuga will be able to obtain market share of the electric vehicle market and specifically the market for two and three wheeled electric vehicles; that Tuga can obtain market share in the car sharing and food delivery markets; that Tuga will offer vehicles that provide flexible and innovative solutions for the electric vehicle market which obtain particular interest in densely populated countries such as China and India; that Tuga’s mobility concept will be adopted for urban mobility solutions as a passenger and delivery vehicle; that Tuga’s vehicles will have advantages over “regular” electric vehicles, including suitability for subscription based ride sharing and delivery services; that Tuga’s patent pending designs will achieve patented status and protect Tuga’s proprietary technology; that Tuga’s technology will function as anticipated and provide the anticipated benefits, including stability, safety and agility; that Tuga’s vehicles will be safer, better connected and more environmentally friendly, thereby providing an improved customer driving experience; that Tuga’s vehicles will have the anticipated mileage range of 150km which will be sufficient for the average urban commuter; that Tuga will be able to leverage the experience and expertise of its management team in developing its vehicles; that Tuga can implement its planned marketing strategies, including presales channels, subscription based models and virtual sales experiences; that Tuga will generate revenue and achieve profitability; that Tuga will be able to raise additional necessary financing and successfully implement its business plan. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the market for electric vehicles may not continue to grow as anticipated, or that alternative technologies may replace electric vehicles; that two and three wheel vehicles may not receive widespread adoption and “regular” sized vehicles or alternative vehicle types may end up being preferred by consumers; that global clean energy trends may change and that the demand for electric vehicles may decline due to alternative or competing technologies; that many countries may fail to actually implement their electric vehicle adoption plans as anticipated; that population growth in urban centers does not increase as anticipated or result in increased congestion and traffic on highways and roads; that people favor larger vehicles over two and three wheeled electric vehicles; that investment in the electric vehicle market does not continue as anticipated, or that alternative technologies attract more of the investments; that smaller and more affordable vehicles do not obtain significant market compared to “regular” sized electric vehicles; that ride sharing and food delivery markets do not grow as anticipated; that Tuga’s vehicle designs may fail to be produced or achieve commercial sales; that Tuga’s vehicles fail to be commercially mass produced or widely adopted; that Tuga is unable to obtain market share of the electric vehicle market and specifically the market for two and three wheeled electric vehicles due to competition from other vehicle makers; that Tuga fails to obtain market share in the car sharing and food delivery markets for various reasons; that Tuga’s vehicles do not compare favorably to its competitors’ products or obtain any particular interest in densely populated countries such as China and India; that Tuga’s mobility concept fails to achieve commercial adoption as a passenger or delivery vehicle; that Tuga’s vehicles fail to achieve any significant advantage over “regular” electric vehicles; that Tuga is unable to obtain a patent for its designs or otherwise fully protect its technology; that other companies design better technology; that Tuga’s design is found to infringe the proprietary design of a competitor; that Tuga’s design and technology becomes obsolete due to other technology of its competitors; that Tuga’s technology fails to function as anticipated or provide the anticipated benefits; that Tuga’s vehicles are ultimately no safer, better connected or more environmentally friendly than alternative products in the marketplace; that Tuga’s vehicles fail to provide the anticipated mileage range of 150km or that this range is found to be insufficient for the average urban commuter; that Tuga fails to leverage the experience and expertise of its management team in developing its vehicles; that Tuga fails to implement its planned marketing strategies; that Tuga fails to generate revenue or achieve profitability; that Tuga is unable to raise additional necessary financing or otherwise fails to successfully implement its business plan; that Tuga’s business plan is negatively impacted by the COVID-19 pandemic, the Russian and Ukrainian conflict or other events. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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