Explore the words cloud of the DAICY project. It provides you a very rough idea of what is the project "DAICY" about.
The following table provides information about the project.
TARFORM MOTORCYCLES AB
|Coordinator Country||Sweden [SE]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2019-07-01 to 2019-09-30|
Take a look of project's partnership.
|1||TARFORM MOTORCYCLES AB||SE (ALSTERBO)||coordinator||50˙000.00|
Tarform launched its first two fully functioning concept prototypes on October 9th, 2018. To date Tarform has received over 700 reservations, more than 120 articles published in design and tech media and requests for partnerships from global leaders in the automotive sector, evidently proving there is a demand for this vision in the motorcycle industry. For example, the concept prototype is currently part of the new exhibition, Electric Revolution, at the Petersen Automotive Museum in Los Angeles. Adding to that, Tarform has a dynamic and entrepreneurial team with competence in a variety of sectors relevant to our mission and vision. Sectors including AI, excellence in industrial design, proficiency in software development, strong entrepreneurial drive as well as advanced digital communication capabilities. The goal of phase 1 is to investigate the technical and financial feasibility of the innovation, being an artificial intelligence platform for increased safety when riding a motorcycle, and get official commitments from a number of test partners on top of the ones we have already secured. The project will have a substantial impact in Tarform AB’s performance, with a very promising growth trajectory. By 2023, Tarform expects to reach additional revenue of €45M and create 80 new jobs in various sectors such as manufacturing, marketing, AI technology, sustainability and design. In addition to creating a more sustainable world by introducing an electric motorcycle free of CO2 emissions, the goal is also to vastly diminish injuries and death tolls relating to motorcycle use by integrating new technological features in the motorcycle utilizing the technological innovations that is currently available. Considering the initial investment budget for the Phase 1 and 2, a financial return is feasible upon the time of commercialization by year 4 (2023). Our estimated accumulated profit will then be €7.265 M.
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The information about "DAICY" are provided by the European Opendata Portal: CORDIS opendata.
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