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Investors

After successful Crowd and Private Placement Round: MAZARO’s IPO on Euronext Access

In March 2022, MAZARO entered Euronext Access Brussels.
Check the latest price of MAZARO’s share:
https://live.euronext.com/en/product/equities/BE0974404361-MLXB

BE0974404361-MLXB

Listing sponsor

Guy van der Heyden - Managing Partner
+ 32 477 42 24 65 - guy.vanderheyden@onetoonecf.com

Ardit Litaj - Analyst
+32 496 36 74 98 - ardit.litaj@onetoonecf.com

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Corporate governance

Daily management

The executive in charge of daily management is Mr. Steven Waelbers.

Steven Waelbers is a seasoned entrepreneur who, after a distinguished career in Investment and Corporate banking, he founded The Kobi Company in 2016, specializing in robotics and autonomous operation for Outdoor Power Equipment. Under his leadership, the company developed cutting-edge robotics technology, and successfully managed to convert this technological lead into collaborations with global leaders in the Outdoor Power Equipment industry.  Early 2021, the company was acquired by German multinational Bosch, with Waelbers continuing  for 3 years as Head of Operations of the robotics division at Bosch.

Besides his role as founder of The Kobi Company, Waelbers is involved in several start-ups and scale-ups as investor, advisor and board member giving him an up to date and broad view on what it takes to scale a technology company.

Steven Waelbers MAZARO

The executive in charge of technical development is ir. Filip De Mazière.

Ir. Filip De Mazière is a civil engineer in Mechanical Engineering (UGent) with over 20 years of experience initially as Chief Design Engineer at leading transmission suppliers HÖRBIGER/TREMEC and DANA and later at MAZARO. He was responsible for numerous successful transmission designs for McLaren, Ferrari, Liebherr and Case New Holland among others. De Mazière obtained 15 international patents.

Filip Demazière

Board of Directors

The Board consists of:

  • ir. Filip De Mazière (chairman)
  • Mr. Benoit Coenraets;
  • Mr. Steven Waelbers;
  • Mrs. Caroline De Dijcker;
  • Mr. Paul Matthijs (representing ADMODUM);

The Board is made up of one executive and four non-executive directors. The Board meets at least four times a year.

Investors

General agenda

  • Friday 28th of June at 14:00 AM: Ordinary General assembly
  • Beginning of September: Release of activity report on H1 2024
  • End of October: Release of activity report on Q3 2024

Next Ordinary General meeting: Friday 28th of June 2024

Annual Accounts

MAZARO’s Financial reports are published every year before the end of April.


Reports


Call for Ordinary General Assembly / Form of Proxy

 

Shareholding

Shareholding-chart

Activities

As a technology company, MAZARO’s main business is game-changing driveline engineering, designing and testing transmissions for automotive and industrial drivelines. For manufacturing, the company relies on established industrial partners. The disruptive transmission technology it created, is in its initial stage of commercialization. Its innovative transmissions combine an exceptionally high internal efficiency with the ability to keep the engine or E-motor on its optimum efficiency curve at all times, offering unrivalled energy, emissions and cost savings while enhancing performance and comfort. This technology is most suitable for trucks, buses, off-highway machinery, lift trucks, tractors, passenger cars (both engine driven and electric) besides industrial drivelines such as gensets and compressors. MAZARO has its intellectual property protected by four patents (three already granted) in all regions with a relevant automotive industry. Revenues will come from royalties and prototypes engineering.

At this stage, the technology is fully developed, tested on the bench and on the road, and made mature for commercialization. Recently, partnerships with production companies in Europe and Asia were set up and are being set up. MAZARO has received several prototype orders from customers intending to launch series and has expanded the team with financial and economical expertise to intensify its business development and commercialization.

 

For any further information, please contact OnetoOne

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FAQ

Why is the technology so groundbreaking?

The technology is groundbreaking because De Mazière created a whole new type of transmission from a blank page.

Common transmissions such as Automatics and Manuals use gears to change the ratios in steps but gear shifting means severe efficiency and traction losses.

An alternative is the Continuously Variable Transmission (CVT). These systems manage to keep the engine or E-motor on their best efficiency curve in more driving conditions. However, these CVTs use a belt or rollers instead of gears with much larger friction than gears and with slip, annihilating the positive effect of their continuous ratio variation.

MAZARO’s systems make drivelines more efficient and better performing as they combine and amplify the 2 advantages of the traditional systems:

  • they make the engine and e-motor always run precisely on their best efficiency curves which is unique. This is thanks to the ratio spread of MAZARO’s transmissions which is 60 to 89% wider than current transmissions;
  • their internal efficiency is the highest of all transmissions. The typical, patented curvature of the traction wheels inside MAZARO’s transmissions guarantees drill-free traction. Power is transmitted by wheels rolling over each other. The geometry of these wheels is made so that for all ratios they roll without geometrical slip. No other system succeeds in doing that; slip and wear being a major drawback of all other CVTs.

That way, the users considerably reduce their energy consumption and emissions and improve their performances.

Moreover, thanks to the relative simplicity of their design, Mazaro’s transmissions can be manufactured at a relatively low cost.

Transmissions are situated between the motor and the wheels; they can be used in engine-driven, hybrid or electric vehicles. It doesn’t matter on what kind of energy the engine runs.

 

What is the difference between SVT and RVT?

The SVT (Single stage Variable Transmission) is most suitable for E-mobility, with variable ratios and a  very high efficiency. It is called ‘Single stage’ because the SVT contains only one set of 3 traction wheels, whereas the RVT contains two sets of 3 traction wheels).

In current heavy duty E-trucks and E-buses the E-motor is not able to provide both the climbing capabilities and the top speed requirement with single gear reduction. The SVT solves this problem without traction interruption during smooth and noiseless ratio variation. 

The RVT (Reversible Variable Transmission) is most suitable for engine driven vehicles and contains 2 sets of 3 traction wheels instead of 1 set.

The RVT drives off, changes ratio and driving direction between forward and reverse without clutches, torque converter or any other slipping component and without (expensive) gears.

 

Why is India such an important market for MAZARO?

ANAND, who is our Indian licensee is very well implanted there, the company having longstanding partnerships with virtually every OEM present in India in every automotive segment – two- and three-wheelers, passenger cars and commercial vehicles. They are very enthusiastic about our technology and very supportive to expand our business on their market which is huge (population 1.4 billion).

Air pollution is a big problem there so the government also promotes environmental automotive solutions intensely.

 

One of your trump cards is that your transmission can extend by 16.8% the range of EVs. Are there any concrete plans for this branch, since that range often turns out to be an issue for consumers?

Yes, sure. Knowing that the driving range, heavy batteries and poor hill-climbing capability are the main issues of EVs made us go for an ‘E-truck plus SVT’ demo-project here are ongoing projects with customers who build electric off-highway vehicles and others who are working on a novel wind capturing system.