EaziCar

Eazi Car Sdn Bhd (EaziCar) is an e-hailing service based in Malaysia. We offer peer-to-peer ridesharing services and launching operations in Iskandar Johor. Our platform can be accessed via our mobile app, launching in April 2019. We have already signed up 425 drivers and are now raising funds as we expand across the nation.

Campaign Closed RM 10,720 raised

4% of target	0 days left
Investors	10
Min Target	RM 300,000
Max Target	RM 3,000,000

Introduction

Eazi Car Sdn Bhd (EaziCar) is an e-hailing service based in Malaysia. EaziCar offers peer-to-peer ridesharing services and is launching operations in Iskandar Johor. Amid the rising popularity of ridesharing platforms in Malaysia and the rest of the world, EaziCar aims to stand out with its enhanced safety features, increased driver benefits and low cost.

What We Do

The Challenge

Safety problems
Since the early days, people have been worrying about transport safety, e.g. drivers or passengers get robbed or even kidnapped.

Lack of benefits
As e-hailing gained popularity over the last several years, essentially anyone with a car can earn additional income and work as much or as little as they want. But with the more flexible work structure, e-hailing companies gave rise to unique challenges. Jobs in the sharing economy typically do not come with the benefits of the traditional ones, e.g. medical benefits,

Poor driver retention
A US report finds that only 3% of people signed up to drive with Uber are still driving a year later, partially due to increased competition from companies like Lyft.

Our Solution

Our solution is a mobile app that enables passengers to hail registered drivers and services, with a separate app to enable drivers to accept jobs from all over Malaysia. We provide more jobs with better benefits for car owners as drivers and cost savvy for passengers when living standard kept inflating when income is not.

Safety is a priority for us at EaziCar. With our enhanced tracking feature, we are always keeping an eye out for our passengers. We're integrating GPS tracking system with emergency buttons on our mobile apps. We will have specific safety features for children and the elderly that allows sharing of location data not only to PDRM and emergency services but also with chosen family members or friends.

Safe rides begin with safe drivers. We also perform a stringent verification and training process on our drivers to ensure passengers are in good hands.

EaziCar aims to incentivise drivers and minimise trade-offs when switching from more traditional forms of employment, by offering medical benefits to drivers who meet certain requirements.

Why Are We Different

One-time driver registration to cover the region (e.g. other players require drivers to register for different states)

Medical benefits to drivers*

Cash rewards rather than rewards points

Long term rebates for passengers with Eazi Pay account

No quota control over drivers

_{*Terms and Conditions apply}

Our Revenue Model

The major revenue of our business is overriding commission from our drivers. A secondary source of our revenue is from vehicle marketing and panel merchants.

Overriding Commission

We charge our drivers 20% fee on all fares

Vehicle Marketing

We make a commission on vehicle marketing, such as wrapping, flyers and etc.

Panel Merchants

We work with select merchants to provide discounted services for our drivers, e.g. mechanics, car wash, etc.

Our Market Opportunity

EaziCar Market Opportunity

Our Strategy

Our growth strategy is to expand our market share and innovate products as below

Short Term

Aggressive marketing campaign
Partnerships with corporations
Drivers health benefits
Develop Eazi Delivery and Eazi Courier

Medium Term

Expanding into Asia Pacific: India, Philippines & Cambodia
EaziCar will be expanding to all neighbouring countries especially developing markets for better transport service and create job opportunities with a much lower operation cost
IPO in the United States
Auto supply financing
Petrol and diesel supply

Long Term

Auto part such as tyres and oil
Implementation of new transport technologies (to be updated)
Auto parts trading and manufacturing

Projected Revenue

EaziCar Projected Quarterly Revenue, 2019-2021 (in RM millions)

Indicative Usage of Funds

EaziCar ECF Use of Funds

Technology

Server maintainance and continuous app development

Expansion

New office setup and overhead

Operations

Day-to-day running of the business

Marketing

Social media, benefits, print, etc.

The Team

Alex Teow Boon Heong

Co-Founder & CEO

Jerome Sim

Chief Technology Director

Nor Amalina

Business Development Executive

Zainab

Executive Secretary

Ahmad Firdaus

Social Marketing Executive

Amira Atika

Marketing Strategist

Term Sheet

Issuer: Eazi Car Sdn Bhd, a private limited company incorporated in Malaysia, a private limited company incorporated in Malaysia

Type of Equity: Ordinary Shares (“Shares”)

Fund Raising Period: 60 days

Pre Money Valuation: RM15,000,000

Minimum Fundraising Target: RM 300,000

Maximum Fundraising Target: RM 3,000,000

Price per Share: RM 120.00

Minimum Equity Offered: 1.96%

Maximum Equity Offered: 16.67%

Minimum Shares Offered: 2500

Maximum Shares Offered: 25000

Minimum Investment Amount: RM 480

Rewards: Reward Tier 1 (Applicable to Eazi Car Drivers)

Investment Amount

RM6,000 or 50 Shares

Reward(s)

Reduction on the overriding commission from 20% to 15%

Reward Tier 1 (Applicable to Eazi Car Passengers)

Investment Amount

RM6,000 or 50 Shares

Reward(s)

An additional rebate for all Eazi Pay credits top up from 5% to 10%

Impact on Shareholding Structure Upon Completion of the Offering: N/A

Investor Eligibility: Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights

Type of Shares

Information

Closing Period: 14 working days after the end of the Fundraising Period.

Use of Proceeds: 50% of the funds raised will be used for Marketing, 20% for Technology Upgrades and Maintenance, 20% for Expansion into new states and 10% for Day-to Day Operations. The funds will be transferred to the Issuer by the end of the Closing Date.

Subscription Procedure: An Investment Agreement to subscribe ordinary shares and subject to review if required or necessary, the procedure may be amended by the Issuer and the ECF Platform.

Disclaimer: The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by Eazi Car Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :

The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.

THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respect and is not misleading or deceptive whether by inclusion or omission.

Should the Investor require more information, they can do so by contacting Eazi Car Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button on the Deals Page.

Disclosure: This issuer is referred by a 3rd party which is . Ata Plus is not associated or related to the issuer and the referral party.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Issuer	Eazi Car Sdn Bhd, a private limited company incorporated in Malaysia
Type of Equity	Ordinary Shares (“Shares”)
Fund Raising Period	60 days
Pre Money Valuation	RM15,000,000
Minimum Fundraising Target	RM 300,000
Maximum Fundraising Target	RM 3,000,000
Price per Share	RM 120.00
Minimum Equity Offered	1.96%
Maximum Equity Offered	16.67%
Minimum Shares Offered	2500
Maximum Shares Offered	25000
Minimum Investment Amount	RM 480
Rewards	Reward Tier 1 (Applicable to Eazi Car Drivers) Investment Amount RM6,000 or 50 Shares Reward(s) Reduction on the overriding commission from 20% to 15% Reward Tier 1 (Applicable to Eazi Car Passengers) Investment Amount RM6,000 or 50 Shares Reward(s) An additional rebate for all Eazi Pay credits top up from 5% to 10%
Investor Eligibility	Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.
Closing Period	14 working days after the end of the Fundraising Period.
Use of Proceeds	50% of the funds raised will be used for Marketing, 20% for Technology Upgrades and Maintenance, 20% for Expansion into new states and 10% for Day-to Day Operations. The funds will be transferred to the Issuer by the end of the Closing Date.
Subscription Procedure	An Investment Agreement to subscribe ordinary shares and subject to review if required or necessary, the procedure may be amended by the Issuer and the ECF Platform.
Disclaimer	The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by Eazi Car Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following : The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts. The financial forecasts and projections have been prepared by the issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness. THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respect and is not misleading or deceptive whether by inclusion or omission. Should the Investor require more information, they can do so by contacting Eazi Car Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button on the Deals Page.
Disclaimer by Securities Commission	(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period (ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007 (iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

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