What Is CZero?
CZero Mobility is a disruptive EV startup that focuses on sustainable and affordable electric mobility in the cost sensitive Indian and South East Asia market. The company is holding an ICO on June 10 and it is currently wooing early investors to ensure that its patented products succeed in the EV ecosystem. The CZero coin will be a unique eco coin that is backed by carbon emissions reduction, which occurs when electric vehicles are used instead of using fossil fuels.
CZero Electric Vehicle Mobility Blockchain Plans In India
The government currently has plans to ensure that every car in India will be powered by electricity by 2030. This will ensure that air quality in India improves. This follows various investigations, which have found that vehicle pollution is quite dangerous. Besides harming the environment, it also causes 2.3 million deaths annually in India. This will eventually lead to a public health and economic crisis in India.
CZero wants to be the leader of the change in India. They want to ensure that the country can achieve the 2030 goal. Electric vehicles are quite few. They account for 0.06 percent of all vehicles globally. However, the sector is growing quite fast. It is currently growing at 300 percent per year.
The Current Challenge
The challenge is that there are no credible solutions to convert fossil fuels into electric vehicles. Besides that, electric vehicles usually take quite a long time to charge, which is made worse by the fact that charging stations are quite a few. There is also the issue that the service repair experts for EV are quite few.
CZero has a wide range of patented EV products that will address the current challenges in the EV sector. One of their innovations is fast charging technology. This ensures that a vehicle's battery can be charged up to 80 percent in just 15 minutes.
Besides that, they want to leverage local garages and small repair shops to create swapping stations. This will ensure near real-time charging for vehicles by swapping empty batteries for charged ones. The company is also working on a viable EV upgrade kit. This will provide existing passenger vehicles and commercial vehicles with the ability to change from fossil to electric.
Who Is Behind CZero?
The team working on the CZero project is experienced in high-end technology and software. They also have great business skills with degrees from the top universities in India. They are also quite passionate about the environment.
CZero CZMT Token ICO Details
The CEO of CZero recently said that he was proud to announce the ICO. He said that he was hopeful of people rallying around the idea. This follows the successful pre-ICO where early investors received an 80 percent bonus. The CEO added that the goal of this project is to engage in the development of products needed to eliminate obstacles to the adoption of EVs.
Parameters Of The ICO
- Start: June 10, 2018
- End: July 23, 2018
- Symbol: CZMT
- Platform: Ethereum
- Soft cap: 2,000,000 USD
- Hard cap: 30,000,000 USD
- Tokens for sale: 200.000.000 CZMT
- Token price: 1 CZMT = 0.1 USD
- Minimum purchase: 50 CZMT