The RM5 Million Acceleration Round · Commercial EV & Fleet Solutions Malaysia
Prepared July 2026 · Strictly Private & Confidential · gnev.my
NEV at a Glance
Company Snapshot
Officially Founded
2024
HQ
The Strand Mall, Kota Damansara, Petaling Jaya, Selangor
Core Focus
Commercial EV distribution, zero-down lease-to-own fleet transition, CAF Connect telematics, auditable TCO and carbon data
Markets
Klang Valley · Johor · Sabah · Sarawak · MY–SG corridor
The One-Line Case
Two years of founder capital. One raise to turn it into revenue.
NEV has spent two years and RM3–4M of founder capital securing a multi-factory China supply chain, a 13-model commercial EV catalogue, signed distribution and assembly agreements, and letters of intent exceeding 300 units per month.
The Problem We Monetise
Fuel Subsidy Unwind
RM50B rationalisation underway — diesel costs rising for fleet operators with no transition plan.
Carbon Tax Incoming
Enterprise customers demanding ESG reporting now. Fleet operators face compliance pressure with no local EV solution.
NEV's Unique Answer
Zero-down lease-to-own financing, CAF Connect telematics with auditable TCO & carbon data, Peninsular-wide workshop network.
The Policy Moment — Five Structural Tailwinds
Subsidy Unwind
RM50B in fuel subsidies being removed — raising the true cost of diesel fleets overnight
NAP 2020
National Automotive Policy incentivises local EV assembly and manufacture
NETR Targets
31% renewable capacity by 2025, rising to 70% by 2050 — EV infrastructure mandate embedded
Carbon Tax
Incoming carbon pricing creates a hard cost on diesel and a revenue line for verified reductions
GITA / GITE
Green Investment Tax Allowance and Green Income Tax Exemption extended for ESG-aligned technology
What Already Exists — Not Promises
Supply & Product
- Liuzhou Wuling, Shineray (exclusive T3EV Malaysia rights), JAC and Foton supply secured
- 13 models: CE1 van, CE2 truck (300 km NEDC, 5-yr/200,000 km warranty), medium trucks, 4x4 pickups, full-size electric buses
- 2 sample vehicles landed from Shenzhen
Infrastructure
- 127 active dealer consignment platform
- Contract assembly MOU — NEXv (Go Auto/CarePlus)
- 24-workshop MOU — QL Auto
- Support letters: InvestNS, Invest Selangor, Cyberview
Where NEV Sits — Competitive Position
NEV occupies the "Asset-light + Full-stack Solution" quadrant (NEV HUB position) — multi-OEM catalogue, integrated financing, telematics, workshops, and carbon data; no factory ownership in phase one. Competitors: Importers (asset-heavy, narrow), OEMs (asset-heavy, full-stack), Tech-Only (asset-light, narrow).
NEV's Competitive Edge
- Multi-OEM neutrality — no franchise allegiance; the right vehicle for the customer's use case
- Local operations depth — workshops, training, telematics already structured
- Full-stack offer — vehicles, financing, telematics and carbon data in one auditable platform
- Incumbents move slowly — established assemblers are late to commercial EV
Demand — In Writing
Units / Month
First LOI: 150–200 units monthly, 300-unit first order
Van & MPV Order
100 units monthly delivery cadence
Ambulance / Year
Government-backed programme, annual volume
Affordable Car LOI
Retail segment order confirmed in writing
Live pipeline: 60–70 dealer prospects · 150-company corporate list with 15 priority accounts · 12-contact hot list in weekly follow-up · retail customer with cash deposit already paid.
Unit Economics That Repay You
Margin Stack
- Avg. vehicle cost: RM123,000
- Direct fleet margin: ~RM30,000/unit
- Dealer channel margin: ~RM10,000/unit at volume
Attached Revenue Per Vehicle
- Hire-purchase financing
- Insurance
- CAF Connect telematics subscription
- Maintenance contracts
- Future carbon credits
The Payback Math
167 units.
At RM30,000 direct margin per unit, approximately 167 direct-sale units return the full RM5 million in gross margin — against LOIs alone exceeding 300 units per month.
RM80M
Direct sales budgeted 2026–2027
RM1M
Dealer commissions base plan
167 units
Gross margin breakeven on RM5M raise
300+ / mo
LOIs already in hand — 2× breakeven coverage
Use of Funds — RM5,000,000
Demo & Inventory Fleet — RM1.8M
12–15 units that recycle as they sell or lease
Working Capital — RM1.0M
Operational buffer to sustain 12-month runway
Sales Engine — RM0.9M
Commission-based fleet lead + pipeline coordinator, 12 months
Dealer Activation & Marketing — RM0.5M
Network onboarding and brand presence
Homologation & Compliance — RM0.4M
MITI / JPJ / Customs approvals
After-Sales Activation — RM0.4M
Technical MOU, technician training, parts float
Why the Demo Fleet Is the Multiplier
Commercial vehicle buyers do not buy from brochures — they buy after their drivers test the van on their own routes. The strategic pivot from a RM2M showroom to a working sample fleet placed directly with fleet customers is the single fastest conversion tool in this industry, and the largest single allocation in this round.
Structure Options — Investor's Choice
Straight Equity
Direct equity into the operating company. Simplest structure, full upside participation from day one.
Convertible Note
Converts at the institutional round. Speed now, price later — investor captures the upside at a defined discount.
Asset-Backed Inventory
Vehicles as collateral. Lease receivables as cash flow. Telematics as real-time portfolio monitoring. Debt-cost capital with equity kicker.
90-Day Execution Plan Post-Close
Capital is deployed in tranches aligned to milestones — first conversions from LOIs gate further spend, protecting investor downside at every stage.
Twelve-Month Milestones
Q3 2026
Round closes · Demo fleet ordered · Homologation filed
Q4 2026
Priority model approvals · First binding fleet orders · 10 dealers selling
Q1 2027
100+ units delivered or leased · Leasing SPV operational
Q2 2027
RM80M revenue plan tracking · Dealer network 20+ · Institutional Tranche 2 conversation opens
Risk & Mitigation — The Honest Page
LOIs Are Intent, Not Contracts
This round funds the demo fleet that converts them. First conversions gate further capital deployment.
Homologation Timing
Phased approvals starting with highest-demand models. Capital staged accordingly — no all-in bet on a single SKU.
Supplier-Competitor Overlap
Multi-factory neutrality plus exclusive rights where it matters (Shineray T3EV Malaysia).
Key-Person Concentration
This round funds the fleet sales and after-sales hires that institutionalise the pipeline beyond the founders.
Governance Team
Dato' Romli Ishak — Chairman, NEV Group
Malaysian automotive and government networks
Andrew Thu Pong Fan — Executive Director
Founder of My Lives Global; entrepreneur with regional operating experience
Yuan Qiao Ling — China-side Managing Director
bridging the bilateral supply chain and fund structures
Ahmad Shabrimi — Corporate Lawyer on Board
25 years MNC practice, JV and compliance architecture
Dr. Caroline Ang, ACIS — Fractional Chief Strategy Office
Advises on corporate strategy, marketing direction and growth planning.
Andrew Thu
Founder & Serial Entrepreneur; Executive Director, GNEV · Malaysia
Andrew Thu is a Malaysian entrepreneur, angel-investment ecosystem builder and cross-border business connector focused on startups, SMEs and sustainable mobility. He is the founder of My Lives Global and Executive Director of Global NEV Technology (GNEV), and a Council Member of the Malaysian Business Angel Network.
Expertise:
- Startup Ecosystems
- Cross-Border Investment
- Sustainable Mobility
What Investors Get
Investors in this round gain exposure to a high-growth sector with significant protections and a committed team.
First-Mover Position
Exposure to Malaysian commercial fleet electrification — the fastest-growing vehicle segment in the fastest-growing industry in the region
Asset-Backed Downside
Vehicles and lease receivables provide tangible collateral — capital is protected by physical assets, not just projections
Policy-Aligned Upside
Carbon credits, NAP localisation incentives and NETR deployment mandates are structural tailwinds, not assumptions
Proven Team Commitment
A team that spent two years and RM3–4M of its own capital proving the model before asking for yours
The Invitation
RM5M. 12 months. Revenue on the road.
RM5 million buys the conversion of two years of secured groundwork into delivered vehicles, recognised revenue, and a collateralised, telematics-monitored asset base — positioned twelve months ahead of Malaysia's carbon tax and fleet electrification wave.
Contact
gnevsales@gnev.my
Phone
+60 13-866 0402
Web
gnev.my
Office
The Strand Mall, Level 3A, Jalan PJU 5/22, Pusat Perdagangan Kota Damansara PJU 5, 47810 Petaling Jaya, Selangor
Full master strategy document and data room available under NDA.
New Energy Valley Sdn Bhd