Zapworld.com

ZAP is driving the future. An acronym for "zero air pollution," ZAP provides efficient, alternative-energy vehicles and products for corporate and government fleets, security, and environmentally conscious consumers around the globe. Products include the Xebra Sedan and Truck, Zappy 3 and Zapino scooters, ZAP Taxi, electric bicycles. The company has two primary businesses -- ZAP Automotive (alternative energy vehicles) and ZAP Power Systems (personal transporters and ATVs) -- to manufacture products that meet the growing demands of eco-friendly consumers.

With its advanced transportation technologies, ZAP has tapped into a growing market for fuel efficient vehicles spurred by heightened environmental awareness, climate changes, and economic pressures. It has a leading edge on its competitors by owning its fundamental technology, along with its trade name and brand recognition. The company intends to expand through its technological expertise; new products; and strategic joint ventures with certain manufacturers, distributors and sales organizations. To manage growth, it continues to improve operations, manufacturing, and research and development departments. The company sold its portable energy operations in mid-2008 in an effort to concentrate on its transportation technologies.

ZAP is leveraging its place in the market as a magnet for new technologies by acquiring companies with new products. In 2008 the company acquired an interest in Electric Wheel Motor Company to develop and manufacture a new line of wheel motors for future electric vehicle developments and global distribution. ZAP has partnered with Lotus Engineering to develop an electric all-wheel drive cross-over, high-perfornace vehicle for the US market. It also has a joint venture with Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group.

In 2008, ZAP announced a strategic partnership with Dubai-based Al Yousuf Group, a privately held engineering conglomerate, to expand its international vehicle distribution. The relationship soured, however, as a lawsuit was filed by Yousuf in 2009 on grounds that ZAP failed to make scheduled payments.

ZAP Rental Outlet exposes first-time electric vehicle drivers to its cars and turns them into potential buyers. Tourist locations are among the first rental locations to be selected. ZAP World Outlet handles existing and potential car dealers. It provides sales and service training, and offers incentives for those dealers who can tap into potential electric vehicle markets. The company also has other namesake operations that handle sales, marketing, and manufacturing.

Set on meeting the needs of Chinese consumers, ZAP chose a strategic promotion venue like the Beijing Motor Show in 2010 to debut its innovative products, including its ZAP Taxi and Alias prototype sports car (both are all-electric). ZAP forged ahead into the People's Republic in late 2009 when it announced it was entering into a joint venture with China-based Holley Group, a manufacturer of electric power meters. With backing from Better World International, the new company -- ZAP Hangszhou -- will manufacture electric vehicles, including the new five-seat ZAP Taxi, and develop related infrastructure for the Chinese market. 

ZAP's initial partnership with Zhejiang Jonway Automobile -- to take advantage of the growing EV market in China -- gave way to ZAP's acquisition of 51% of Zhejiang Jonway for a little more than $30 million in cash in early 2011. ZAP will gain the international distribution rights to Jonway's automobiles in turn for shares of ZAP's common stock. In late 2010 Zhejiang Jonway CEO Alex Wang was elected by ZAP's board to be co-CEO to Steven Schneider.

CEO Steven Schneider controls about 25%; Gary Starr, Chairman Emeritus and Director, holds about 14%; Chairman Eqbal Al Yousuf has a little more than 13%. Additional ownership includes Jeffrey G. Banks of the Banks Group, and Renay Cude, each with almost 7% each.

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Zapworld.com


5014 4th St
Santa Rosa, CA 95401
Phone: 1 (707) 525-8658
www.zapworld.com

STATS


  • Employer Type: Public
  • CEO: Wang Gang
  • CEO: Wang Gang
  • Chairman: Priscilla Lu

Major Office Locations

  • Santa Rosa, CA

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