If Anteo can close a deal and get decent coverage into the...

If Anteo can close a deal and get decent coverage into the fleet, as they have suggested is possible with their excellent performance, there are significant revenues to be had. The next issue is really the cost of manufacturing. While there is much talk of being funded through to mid 2025 based on the recent capital raise, we cannot surely state that not knowing the margins, inventory ramp up, OEM fees and payment cycles that commercialisation and addition into a larger partner's product will involve.

		Revenues at Fleet Coverage % (M, AUD)
	Revenue/L	$250			$400
Brand	2023 EV Sales	25%	50%	100%	25%	50%	100%	Source
Volvo	113,419	7.1	14.2	28.4	11.3	22.7	45.4	https://electrek.co/2024/01/05/volvo-new-global-sales-record-2023-strong-ev-demand/
VW	771,000	48.2	96.4	192.8	77.1	154.2	308.4	https://insideevs.com/news/704510/volkswagen-group-global-bev-sales-2023q4/
Porsche	40,629	2.5	5.1	10.2	4.1	8.1	16.3	https://electrek.co/2024/01/12/porsche-taycan-follows-911-double-digit-sales-growth-2023/
Mercedes	222,600	13.9	27.8	55.7	22.3	44.5	89.0	https://group.mercedes-benz.com/company/news/sales-2023.html
BMW	376,183	23.5	47.0	94.0	37.6	75.2	150.5	https://www.press.bmwgroup.com/global/article/detail/T0438999EN/a-successful-2023:-bmw-group-posts-record-sales-meets-ambitious-e-mobility-growth-targets