 I'm here to interview Tamas Slezak of Merveo in the hope that he'll let me have a free one of his sports cars which are over there. I don't think I'm going to succeed, but actually jokes aside, this is a very exciting company involved in a whole range of electric vehicles and I want to hear the story. So please tell us, what is unique about them and what is your plan for rolling out your business? Yes, so we have developed a foldable electric scooter which has the name Merveo, and it is made from carbon composite lightweight body, and it's foldable as you say, which is very unusual. You said that in your talk that I heard, yes. So it's a full-size moped, it's a full-size motorcycle, which has the additional value to be foldable. So when you need it, you can put it in the trunk of your car or you can put it in a yacht or a motor home. But you said in your talk that you don't think you can fold it often, so it's a secondary benefit, but you have designed now a full-scale proper scooter. Should I drive it? Yes, absolutely. Yeah, run over a few minutes. It's very light. So carbon fibre and folding and all that, that sounds expensive. Is it top of the market as a product in pricing? I think no, it's about 3,000 euros, so it's not high. Not much higher than normal scooters. That's remarkable. But the cluster there that you have looks very elegant design. Can you tell us about it? This is our proper design, and my colleagues like this rounded shape, and we call it organic design. Yes, yes, absolutely. I like it. I think it's excellent. Where is this made? It is made in Hungary, so we had a team of... And you, of course, are Hungarian. Yes, yes. We had a team of more than 10 engineers, electrical and mechanical engineers, so the design is totally new. And this side can be folded. Maybe the folding I would show on the red one. So that's the folding, this side of the store. One minute about. This is just to pull out. This way it's half the weight. Half size of the store on your... Have you actually sold the name right? No, just early. Just the prototype. And we are looking for investors to begin production. When you get the investors, I'm sure you will, with a product that's as superb as that, you would dream of selling a hundred a year, a thousand a year. What magnitude, roughly, I mean... So we are looking for an investment of 2.5 million euros, which would be enough to produce 5,000 pieces per year. The market would obviously stand that. Europe as a whole is taking... So that's for Europe. Two wheelers, it's taking what? One and a half million now, maybe. Okay, can we move on to this car, which you're not going to give me. I heard a little of your talk, but the people watching this video don't know what I heard, so I'd like to begin at the beginning. Yes. You've done some really exciting things, because you've worked with, from my country, a protein with the in-wheel motors, which have built-in redundancy, don't they? There are really several motors in one motor, so they're a very clever product. And you're doing four-wheel drive, vectored steering? Yes, that's a four-wheel drive, super light weight, super sports car, and what you told about the in-wheel motors, they have redundancy, so it's actually two motors in one. So if something breaks down, it functions more. Brilliant. You see this as a platform, don't you? This isn't just one body. Yes, that's a functioning platform, so the body is not yet ready, but the chassis, as you see on the next slide, is ready and functioning. It has a range, a few electric range of 100 kilometers, and we will build in a range extender made from a one-car engine, I think 600 kilometers with the range extender to add the two together, which is great. So what other innovation is there there? Are the motor controllers different? Yes, the total electronics was made by ourselves, so we have both the in-wheel motors we have bought, and also the battery and the charger, but everything else is made by our engineer team. Of course, the Proton motor has its own controller within it, doesn't it, of course. So you're doing other power electronics. You can see the charger and beneath is the battery, and in the back would be built the range extender. And this is a plug-in vehicle? This is a plug-in electric vehicle, because those are the ones that are selling really fast now, aren't they? In some countries, the hybrids that do not plug-in are dying, but the plug-in hybrids are selling, in some countries, they've gone up 80% in a year, haven't they? So you're following a very big wave there, the real demand. Here you can see the range extender and it's... And that's a vehicle engine. That's a vehicle engine, because it's small and light. It has some problems with the... They used to have problems with efficiency and with sealant sealing, but they used in unmanned aerial vehicles, aren't they? And there are other versions that are being developed by other people that are advances on the basic vehicle, so there is a future path of development. Who makes that for you? It's a German company. Oh, that's interesting. An advantage also would be there's much less noise vibration and so on from a rotary device compared with a piston engine, and you can mount it in different positions more easily, can't you? A piston engine has to be upright usually. So it's much more versatile, but this is not a drop-in, get-you-home range extender. This is a permanently fitted, serious range extender, isn't it? So that's why we call the car not a hybrid, because it's a range extender electric vehicle, because it can work only electric, so there's no hybrid. It's a serious hybrid in that jargon perhaps. Okay, that's wonderful. So, to a consumer, what do you think will be the most exciting, unique when they buy it? Do you think the people you're going to sell to are going to be techies, nerds who will know about things like in-wheel motors, or is it going to be more a case of they want the particular range or something? So it's a supercar, a super sports car, which could be manufactured in a very small series, so maybe 10, 20, or 30 pieces. So every car would be personalized, and there is no other supercar which is range extender electric. So they are supercars made hybrid, which has big motors, big engines. Huge engines with huge power, but there's no supercar which is electric and with a small range extender. And because we have this range extender, if we put in a bigger gasoline tank, now it's only 600, only 600 km range, but if we put in a little bit bigger gasoline tank, it can be 1,000 km range. And I think there are no other sports cars, electric sports cars, that would have so long range. So I think that's a point. Maybe the nearest is the BMW i8, which is also a two-seater and also a series hybrid, and it's a piston engine, it's a 300 piston engine, but it has a somewhat similar specification, does it? Yes, but the acceleration of the BMW e8 is maybe above 5 seconds. Yes. So even the Tesla has better acceleration than the BMW i8. And what is your acceleration? 3.2. I think... It's 1,000 Nm per wheel. Yeah. And with vectored steering and four-wheel drive, it will have incredible handling. It's totally other than that. Even off-road. Snow, ice. Great. OK, well, I'm sorry I didn't persuade you to let me have one, because I know you're going to be very successful, you're brilliant. No, I don't want to pay... I think if you find for us investors, for producing these small series, then the first part... There we are. There's a businessman all the way. That's wonderful. No, seriously, jokes aside, that's wonderful. How much money do you want to raise, by the way? We would raise 5.8 million euros for this super-scarred project and 2.5 for the scooter. On the basis of that, you will be selling products, yes. Oh, good luck. I think it's wonderful to see the engineering around Europe. It's not all in Germany. European countries have superb complementary skills and it's marvellous to see. Thank you very much. Thank you. Marvelous.