Navalt Revenue and Competitors

Conventional diesel ferry boats cause air & water pollution that cause climate change; the noise and vibration is tiring for passengers and crew; the smell of fuel is uncomfortable; and it has high operating cost. Our solar ferry has none of these problems and the operating cost is extremely low - 2.5$ compared to 110$ for diesel ferry. Currently our initial cost is 20% higher but still have a three year break-even with close to $35,000 in diesel savings every year. We have completed one commercial ferry and with scale this difference will be very less. Our commercial ferry, ADITYA, India's first solar ferry, completed one year of operation in Jan, 2018. In this year it transported 500,000 people across the backwaters of Kerala, travelled 20,000 km without a single drop of fuel and saved 35,000 litres of diesel that translates to 94 tonnes of CO2 and 8 tonnes of harmful emissions. We are currently building three more boats of India and many more this year for all over the world. Having demonstrated success of ADITYA there is no reason for anyone to build diesel ferries. We want to transform water transport the way Tesla has done on roads.