During the corresponding time, Greenkraft, Inc. recorded a revenue increase by 1205.08 % year on year, sequentially revenue grew by 97.15 %. While revenue at the Greenkraft, Inc.'s corporate clients
Greenkraft's Comment on Sales, Marketing and Customers
Our customers include Ryder, Superior Transportation, AR Natural Gas Fueling
systems, Propane distribution companies and others. We also had customers in vehicle
sales that contributed to our sale.
Funding for the incremental cost of the vehicles was provided by the California
Energy Commission (CEC) and the Mobile Source for Pollution Reduction Review Committee.
The CEC provides up to (i) $20,000 per vehicle that are up to 26,000 LBS GVWR
and (ii) $26,000 per vehicle that are over 26,000 LBS GVWR. These funds are paid
directly to us and taken in as deposits until actual delivery of the vehicles
at which time it is deemed revenue. We have received $1.140 million from the CEC
related to the sale of CNG and propane trucks.
In addition, we have dealer relationships with each of (i) Superior Transportation
for sales of CNG vehicles in Texas (ii) A.R. Natural Gas Fueling Systems for sales
of our CNG vehicles in Pennsylvania. We are adding new dealers in 2016. We expect
to deliver trucks to all our dealers in 2016. We have had discussions with other
dealers throughout the United States and intend to enter into formal relationships
with these dealers upon completion and assembly of additional truck inventory.
There is no guarantee that we will enter into additional contracts or formal relationships
with its current customers and additional dealers.
Sources:
Greenkraft, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Greenkraft, Inc.’s corporate clients.
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