SPAC

Solar Powered Air Conditioner

Address: UAE- Abu Dhabi

Phone number: +971501234567
Date: winter 2023
lead entrepreneur: WRITE YOUR NAME AND ID HERE
Contact information:
Email:
Phone number:

1
 Contents Page

Table of Contents
..............................................................................................................................1
Contents Page......................................................................................................2
Executive summary..............................................................................................4
Vision and Opportunity.......................................................................................4
Goals:................................................................................................................4
Values................................................................................................................4
3 key questions.................................................................................................4
Industry analysis..................................................................................................4
Company description...........................................................................................6
Company Overview.........................................................................................6
Company History.............................................................................................6
Risks and Mitigation............................................................................................7
Key milestones.................................................................................................7
Determine my success......................................................................................7
Factors affecting my business.........................................................................7
Market analysis....................................................................................................7
Target market..................................................................................................7
Market segmentation.......................................................................................8
Competitive Analysis.......................................................................................8
The Economics of the Business..........................................................................9
Fixed cost..........................................................................................................9
Variable cost.....................................................................................................9
Breakeven chart and calculations..................................................................9
Marketing Plan..................................................................................................10
Price................................................................................................................10
2
 Promotion.......................................................................................................10
Marketing.......................................................................................................10
Product Design and Development Plan............................................................11
Development Status and Tasks.....................................................................11
Challenges and Risks:...................................................................................11
Operations Plan.................................................................................................11
Business location:...........................................................................................11
Facilities..........................................................................................................11
Equipment......................................................................................................11
Management Team and Company Structure....................................................11
Company structure........................................................................................11
organizational chart......................................................................................12
Overall schedule.................................................................................................13
Financial Projections........................................................................................14
Assumption’s sheet........................................................................................14
Entrepreneurial Ethics......................................................................................16
Ethical values.................................................................................................16
people who motivate me................................................................................16
6-Word Summary..........................................................................................16
References..........................................................................................................17

3
 Executive summary

Have you ever gotten into your car after parking it for a while and felt like you were in an

oven from the heat? We live in a country with a desert climate, where stopping the car in the

parking lots for a short period affects the temperature of the car, and it may take a long time

after riding it, and perhaps even after you arrive at your destination till the car cools down.

This company finds a solution for this problem where we offer affordable solar power air

conditioners to help reduce the heat.

Vision and Opportunity

Goals:

My main goal is to be an efficient organization to implement environmentally friendly

solutions to one of our major problems.

Values

Efficiency, Accountability, and Quality

3 key questions

 What makes the company different?

 How will this benefit the world?

 How will the company be improved?

Industry analysis

By 2026, the worldwide solar air conditioning industry is expected to be worth more than

US$ 39.22 billion. Furthermore, the global market for solar air conditioning is expected to

4
grow at a CAGR of 9.3 percent between 2018 and 2026. This increase in the market for solar

air conditioning may be attributed to a variety of causes, including increased government

attempts to increase the use of solar energy for a variety of applications.

Sun air conditioning is a type of cooling system that employs solar energy to generate air

conditioning benefits. Such systems have attracted prominence due to their capacity to

operate on passive solar thermal energy and output conditioned air via a thermally powered

refrigeration process. In past years, the usage of solar air conditioning systems in commercial,

institutional, and residential settings has expanded to reduce power costs. This characteristic

is leading to significant commercial opportunities in the worldwide solar air conditioning

industry.

5
 Company description

Company Overview

The global usage of power for air conditioning has expanded considerably in recent years.

The use of solar energy for air conditioning brings up a plethora of options and a tremendous

untapped potential for industry participants. Because the technology is still fairly young, the

worldwide market for solar air conditioning is still in its infancy. Furthermore, there is a

tremendous interest in this technology from investors and suppliers. At the same time, a lack

of understanding about this technique presents challenges for these players, so they have

begun to focus more on the development of specialized training initiatives and the

distribution of reference materials to their target audiences.

Our company SPAC will offer an affordable air conditioner that works with solar power

which could be installed in the car to reduce the heat and cool the car when it’s parked in hot

weather.

Product and services

 Solar-powered air conditioner

Mission statement

My mission is to help reduce the heat with an affordable environmentally friendly solutions.

Company History

the company is currently under planning and our product is under testing. I started planning

this company in 2022 when the gas prices doubled and we all were suffering from the heat

and the bills. Thus I wanted to create an affordable, efficient, and high quality products,

6
 Risks and Mitigation

Key milestones

My key milestones are to be able to open to sell more than 1,000,000 products all around the

gulf countries

Determine my success

Finally, success is defined by a company's ability to convey the value it generates for

consumers, as well as its brand strength and distribution channel accessibility.

Factors affecting my business

 Technological factors

 Economic factors

 Competitive factors

Market analysis

Target market

Our target customers will be mainly people living in gulf countries because of the high

temperature. And we also target car companies to sell our products to. Additionally, everyone

who owns a car is from the middle or high-class economy.

7
Market segmentation

Competitive Analysis

8
 The Economics of the Business

The income for the business of solar energy system installation and renewable energy

retrofits is mostly derived from payment for the supply of materials and labor to complete a

project, similar to how an automotive manufacturer receives money from the sale of a car to a

client.

The solar energy installation and energy efficiency retrofit company must accomplish the

same thing that the automotive industry has done by adding a finance factor to the business.

Cars are financed and leased in the motor industry via industry-owned financial institutions.

Fixed cost

100,000AED materials

150,000 AED production

30,000AED salaries of workers

Variable cost

Number of goods sold; 5,000

Price; 175AED

Total variable cost= 875,000 AED

Breakeven chart and calculations

The business will reach the breakeven point after selling 2,240 items, the following figure

summarize the breakeven chart

9
 Marketing Plan

Price

Solar-powered air conditioner for the car; 1 unit for 175 AED

Promotion

We will make promotions and offers for companies who would like to purchase large

amounts of our products.

Marketing

 Social media influencers to market our product.

 Tiktok ad

 Website and application for ordering

1
0
 Product Design and Development Plan

Development Status and Tasks

As a start, we need to find a team of engineers to help design the solar-powered air

conditioner. Then test it with some samples to make sure it is an efficient and high-quality

product. We will then start marketing the product and send free samples to certain

influencers.

Challenges and Risks:

It is going to be hard to find affordable dealers for the material that’s going to be used to

design the product,

Operations Plan

Business location:

- UAE

Facilities

- Engineers.

- Technicians

Equipment

Equipment needed to design the materials

1
1
 Management Team and Company Structure

Company structure

 A 'holding' entity with a financing component

 A project management and oversight entity

 A marketing entity

 A team of contractors

 A team of suppliers

 A project portfolio

organizational chart

1
2
Overall schedule

1
A 'holding' entity with 3
financing component

A project management and

oversight entity
 o rg a n iz a tio n
A marketing entity

A team of contractors

Financial Projections
A team of suppliers

Assumption’s sheet
A project portfolio

Profit by Units Sold

Units Fixed Cost Total Cost Total Revenue Profit

0 $280,000.00 $280,000.00 $0.00 -$280,000.00

100 $280,000.00 $285,000.00 $17,500.00 -$267,500.00

200 $280,000.00 $290,000.00 $35,000.00 -$255,000.00

300 $280,000.00 $295,000.00 $52,500.00 -$242,500.00

400 $280,000.00 $300,000.00 $70,000.00 -$230,000.00

500 $280,000.00 $305,000.00 $87,500.00 -$217,500.00

600 $280,000.00 $310,000.00 $105,000.00 -$205,000.00

700 $280,000.00 $315,000.00 $122,500.00 -$192,500.00

800 $280,000.00 $320,000.00 $140,000.00 -$180,000.00

900 $280,000.00 $325,000.00 $157,500.00 -$167,500.00

1000 $280,000.00 $330,000.00 $175,000.00 -$155,000.00

1100 $280,000.00 $335,000.00 $192,500.00 -$142,500.00

1200 $280,000.00 $340,000.00 $210,000.00 -$130,000.00

1
4
1300 $280,000.00 $345,000.00 $227,500.00 -$117,500.00

1400 $280,000.00 $350,000.00 $245,000.00 -$105,000.00

1500 $280,000.00 $355,000.00 $262,500.00 -$92,500.00

1600 $280,000.00 $360,000.00 $280,000.00 -$80,000.00

1700 $280,000.00 $365,000.00 $297,500.00 -$67,500.00

1800 $280,000.00 $370,000.00 $315,000.00 -$55,000.00

1900 $280,000.00 $375,000.00 $332,500.00 -$42,500.00

2000 $280,000.00 $380,000.00 $350,000.00 -$30,000.00

2100 $280,000.00 $385,000.00 $367,500.00 -$17,500.00

2200 $280,000.00 $390,000.00 $385,000.00 -$5,000.00

2300 $280,000.00 $395,000.00 $402,500.00 $7,500.00

2400 $280,000.00 $400,000.00 $420,000.00 $20,000.00

2500 $280,000.00 $405,000.00 $437,500.00 $32,500.00

2600 $280,000.00 $410,000.00 $455,000.00 $45,000.00

2700 $280,000.00 $415,000.00 $472,500.00 $57,500.00

2800 $280,000.00 $420,000.00 $490,000.00 $70,000.00

2900 $280,000.00 $425,000.00 $507,500.00 $82,500.00

3000 $280,000.00 $430,000.00 $525,000.00 $95,000.00

3100 $280,000.00 $435,000.00 $542,500.00 $107,500.00

3200 $280,000.00 $440,000.00 $560,000.00 $120,000.00

3300 $280,000.00 $445,000.00 $577,500.00 $132,500.00

3400 $280,000.00 $450,000.00 $595,000.00 $145,000.00

3500 $280,000.00 $455,000.00 $612,500.00 $157,500.00

3600 $280,000.00 $460,000.00 $630,000.00 $170,000.00

3700 $280,000.00 $465,000.00 $647,500.00 $182,500.00

3800 $280,000.00 $470,000.00 $665,000.00 $195,000.00

3900 $280,000.00 $475,000.00 $682,500.00 $207,500.00

4000 $280,000.00 $480,000.00 $700,000.00 $220,000.00

4100 $280,000.00 $485,000.00 $717,500.00 $232,500.00

1
5
4200 $280,000.00 $490,000.00 $735,000.00 $245,000.00

4300 $280,000.00 $495,000.00 $752,500.00 $257,500.00

4400 $280,000.00 $500,000.00 $770,000.00 $270,000.00

4500 $280,000.00 $505,000.00 $787,500.00 $282,500.00

4600 $280,000.00 $510,000.00 $805,000.00 $295,000.00

4700 $280,000.00 $515,000.00 $822,500.00 $307,500.00

4800 $280,000.00 $520,000.00 $840,000.00 $320,000.00

4900 $280,000.00 $525,000.00 $857,500.00 $332,500.00

5000 $280,000.00 $530,000.00 $875,000.00 $345,000.00

Entrepreneurial Ethics

Ethical values

In my daily actions, I try to treat others with dignity and assist anybody who needs it without

asking for anything in return. I strive to retain my moral decency at all times. To develop

long-term relationships and consumers, I will serve my customers submissively and stick to

corporate standards in my company.

people who motivate me

Considering how difficult my mother worked for all of us and provided us with such a good

childhood, and how tough she worked in herself to be an intellectual adult, my mother and

elder sibling always encourage me to be amazing and develop myself in every imaginable

manner.

6-Word Summary

High-quality, low-cost, and environmentally sustainable enterprise.

1
6
 References

9 external environment factors that affect business. (n.d.). Retrieved January 30, 2023, from
https://www.indeed.com/career-advice/career-development/external-environment-
factors

Solar Air conditioning market size, share, growth, sales, trade, shipment, export value, and
volume with sales and pricing forecast by 2025. TMR Research. (n.d.). Retrieved
January 30, 2023, from https://www.tmrresearch.com/solar-air-conditioning-market

1
7