Chapter 15: EVelution Energy Secures Long-Term Agreements with GM, Stellantis & Mitsui
In this chapter of our ongoing interview series, Michael Gibson (Managing Director, USAdvisors.org) speaks with EVelution Energy’s CEO, Navaid Alam, about the company’s offtake agreements and financial outlook.
Navaid highlights that on day one of operations, EVelution Energy expects to be profitable, with production already sold under long-term contracts to major global companies such as General Motors, Stellantis, and Mitsui.
“We expect to be profitable from day one… everything that we are producing is already going to be sold to huge, creditworthy counterparties like General Motors, Stellantis, and Mitsui.” — Navaid Alam, CEO, EVelution Energy
This milestone underscores the project’s financial strength, proven technology, and critical role in reshaping America’s electric vehicle supply chain.
Evelution Energy Interview Chapter 15
Michael Gibson, USAdvisors, interviews Navaid Alam, President & CEO of EVelution Energy,
Transcript
Evelution Energy Interview Chapter 15 Transcript
Michael Gibson, Managing Director of US Advisors (USAdvisors.org) an independent Registered Investment Advisory Firm. Michael also owns and runs EB-5 Investments (eb5projects.com) and is an EB5 industry expert.
Navaid Alam, President & Chief Executive Officer
Gil Michel-Garcia, Executive Vice President, General Counsel, Treasurer & Secretary
Michael Gibson, speaking
So using approved technology, again nothing brand new, nothing innovative. This is established technology used around the world. You're just coming in with, I would call it a greener approach. Which obviously also makes financial sense if, if you're getting all this renewable power in Yuma Arizona. So using that technology, a fast build out, two years to stabilize. Navaid, we had the conversation earlier. And, and you said on day one, you're guaranteed pretty much, I mean to the extent that guarantees can be made in, in a world of some volatility. But essentially on day one, everything that you are producing is already gonna be sold.
Navaid Alam, speaking
That's right. And it'll be sold to huge, credit worthy counterparties, like General Motors, Stellantis, Mitsui. Companies that have, you know, very stellar credit ratings. And we expect to sign, long term contracts with them. That are say five year contracts with, you know, the pricing will be fixed annually.
Michael Gibson, speaking
Sure.
Navaid Alam, speaking
So, we expect to be profitable from day one. This, this market is, it's a single commodity of inputs. And our outputs are priced off of the same metal index. And off of the same month. So our basis risk is, is going to be hedged down, as much as we can possibly get it down. And then we'll, we should be worth, you know, well in excess of our construction cost. And, and all the EB5 financing as soon as we start producing.