Alkane Truck Company is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$247.08 minimum investment

Alkane Truck Company

Alternative Fuel Vehicles

Small OPO
Myrtle Beach, SC
Transportation
Accepting International Investment
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We Assemble Unique Transportation Solutions -- Powered by Clean Alternative Fuels.  Join Us as We Disrupt the Trucking Industry!

OUR TRUCKS ARE BUILT FROM THE BEST COMPONENTS AVAILABLE WORLDWIDE

"Alkane Truck Company, an alternative-fuel truck company, has nailed down some key elements as they prepare to launch a crowdfunding effort on StartEngine."

-Moira Vetter, Forbes.com

Robert Smith | Chief Executive Officer, Chief Financial Officer and Secretary

Bob is the head honcho at Alkane. He has a degree in Computer Science from Columbia Commercial College and has served as President of three successful companies: banking software development and implementation, factory building micro computers and software development for the first pre-paid cellular telephone platform.


He has over 30 years of experience in the import/export industry and has traveled extensively throughout China, Russia, Central America, Mexico and South America. He has the necessary business skills to direct the operations of Alkane with primary emphasis on streamlining operations, continued development of the latest technologies, and implementation of those technologies for both timeliness and cost-effectiveness.

In the Press

May 23, 2017

Offering Summary

  REGULATION CROWDFUNDING OFFERING STATEMENT 

DATED JANUARY 11, 2017

 

Alkane Truck Company

1053 London Street

Myrtle Beach, South Carolina 29577

(843) 839-0109

 

Up to 234,741 shares of Class B Common Stock at $4.26 per share.

 

Minimum Purchase: 57 shares at $4.26 each, for a total of $247.08

 

Total offering amount:  Up to $999,996.66

 

We are offering a maximum of 234,741 shares of Class B common stock, par value $0.001 per share (the “Class B Common Stock”) of Alkane Truck Company, a Georgia corporation (the “Company”) on a “best efforts” basis. The target offering amount necessary to close this offering is $24,993.42. If we do not raise our target offering amount by March 30, 2017, no securities will be sold in this offering, investment commitments will be cancelled and committed funds will be returned. We will accept oversubscriptions in excess of the target offering amount up to $999,996.66 on a first come, first served basis. See “Plan of Distribution” on page 2 and “Our Securities” on page 2 for a description of our shares.


Number of Shares

Price to Public (1)

Underwriting Discounts and Commissions (2)

 

 

Proceeds to Issuer (3)

Per Common Share

1

$4.26

$0.00

$

Target Offering Amount

5,867

$24,993.42

$0.00

$24,993.42

Maximum Offering Amount

234,741

$999,996.66

$0.00

$999,996.66

The fee for posting on Startengine.com is 5% of the total raised. This fee is being split between the Company and those participating in the offering. A 2.5% surcharge fee, $0.1065 per share purchased, will be added to the investment for each share purchased. This surcharge is in addition to the share price and is not calculated as a portion of the target offering amount or maximum offering amount.

We do not intend to use commissioned sales agents or underwriters.

Does not include expenses of the offering, including professional fees, costs of blue sky compliance, escrow fees and the fees and costs of posting offering information on Startengine.com. See “Use of Proceeds” and “Plan of Distribution”.

We may also use proceeds in an irregular way, which may include, but are not limited to, the following: vendor fees and salaries and/or expenses paid to the Company’s directors or officers or their friends or family, any “administration expenses” that are not strictly for administrative purposes, any “travel and entertainment” expenses, and any repayment of inter-company debt or back payments; provided however, that the foregoing fees or expenses, as applicable, exceed $10,000.

Investors may cancel an investment commitment until 48 hours prior to the deadline identified in the issuer’s offering materials.

We will notify investors when the target offering amount has been met.

If we reach the target offering amount prior to March 30, 2017, we may conduct the first of multiple closings of the offering early if we provide notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment).

If an investor does not cancel an investment commitment at least 48 hours prior to March 30, 2017, his or her funds will be released to us upon a closing of the offering and he or she will receive securities in exchange for his or her investment.

If we notify investors of a material change to the offering and you do not reconfirm your investment commitment thereafter, your investment commitment will be cancelled and your committed funds will be returned to you.

Generally, no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 22(7) of Regulation Crowdfunding. For general information on investing, we encourage you to refer to www.investor.gov.

There is currently no trading market for our Class B Common Stock and we cannot guarantee that such a trading market will ever exist.

These are speculative securities. A crowdfunding investment involves significant risks. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. See “Risk Factors” beginning on page 2.

The United States Securities and Exchange Commission does not pass upon the merits of or give its approval to any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering statement or other solicitation materials. These securities are offered pursuant to an exemption from registration with the Commission; however, the Commission has not made an independent determination that the securities offered are exempt from registration.

You should rely only on the information contained in this offering statement prepared by or on behalf of us. We have not authorized anyone to provide you with information different from, or in addition to, that contained in this offering statement. This offering statement is an offer to sell only the Common Stock offered hereby and only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this offering statement is current only as of its date.


The Company valuation is $7,604,100.


The Company will not incur any irregular use of proceeds.


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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$966,727.00 USD
$1,020,397.00 USD
Cash And Cash Equivalents
$29,833.00 USD
$3,180.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$2,717,460.00 USD
$2,260,666.00 USD
Long Term Debt
$1,923,673.00 USD
$1,280,010.00 USD
Revenues And Sales
$221,160.00 USD
$0.00 USD
Costs Of Goods Sold
-$269,414.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,154,127.00 USD
-$672,032.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Amending our Securities Offering

3 days ago

Hello! Recently, a change was made to the Alkane Truck Company offering. Here's an excerpt describing the specifics of that change:


Alkane Truck Company has extended the end date of their offering by 120 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

After 5 business days, we will be conducting our fifth closing!

11 days ago

Alkane Truck Company, Inc. has more than successfully reached our minimum funding goal and we're continuing to accept investments. Per our offering terms and because our equity crowdfunding campaign has now exceeded the minimum funding goal, we will be conducting the 5th closing in as soon as five business days. We will be closing on all funds whose status is marked as "cleared" and therefore, those investors will be able to cancel their investment up until 48 hours prior to this new closing. 

Once closed, we can deploy these funds and start implementing our ambitious growth plans. The equity crowdfunding path has been an outstanding journey for our management team, stakeholders and avid supporters. There is limited time left until the campaign officially ends, and we encourage you to promote the offering to your network.

Equity crowdfunding is all about building a community of passionate individuals around a single vision. We thank you for your continued support.


After 5 business days, we will be conducting our fourth closing!

2 months ago

Alkane Truck Company, Inc. has more than successfully reached our minimum funding goal and we're continuing to accept investments. Per our offering terms and because our equity crowdfunding campaign has now exceeded the minimum funding goal, we will be conducting the 4rd closing in as soon as five business days. We will be closing on all funds whose status is marked as "cleared" and therefore, those investors will be able to cancel their investment up until 48 hours prior to this new closing. 

Once closed, we can deploy these funds and start implementing our ambitious growth plans. The equity crowdfunding path has been an outstanding journey for our management team, stakeholders and avid supporters. There is limited time left until the campaign officially ends, and we encourage you to promote the offering to your network.

Equity crowdfunding is all about building a community of passionate individuals around a single vision. We thank you for your continued support.


Inventory Has Arrived at Our West Virginia Assembly Partnership Operation Facility

2 months ago

We are excited to announce that thanks to the support received by all our startengine.com's investors and our new partners, CTC Industries (Glen's Towing) from West Virginia, we have received our initial production inventory for the Class 7 Cab-Over LPG Truck.



Alkane Truck Company Announces Major Business Development Initiatives —Expands Alkane’s Class 7 LPG Truck Launch in the U.S., Canada and Mexico—

3 months ago

Myrtle Beach, SC, July 10, 2017—Alkane Truck Company (“Alkane”) announced today several key business development initiatives that position the company to expand the commercial launch of their Class 7 LPG (propane) delivery truck in the United States, Canada and Mexico.  

Bob Smith, CEO of Alkane Truck Company, stated:  “We are very pleased with the interest level we are seeing from government officials, potential dealers and fleet customers in our EPA/CARB-certified and DOT-compliant, Class 7 propane-powered delivery trucks. Favorable fuel economics and the global interest in transitioning to alternative-fueled vehicles to reduce unhealthy greenhouse gas emissions from aging diesel engines are the major market drivers.  Alkane products are perfectly positioned to see substantial growth in the coming quarters and years to meet this clean energy demand.” 

Several major alternative-fuel business development initiatives where Alkane Truck Company’s products provide a viable solution are:

 

United States—VW Environmental Mitigation Trust Fund.   In October, 2016, the U.S. government granted final approval of a $14.7B settlement against Volkswagen (VW) for equipping more than 500,000 of its diesel vehicles with software designed to cheat U.S. vehicle emissions tests in violation of the Clean Air Act. Of that amount, $10B will be spent on vehicle buy-backs, $2B on zero-emission infrastructure investments, and $2.7B will be allocated to establish the Environmental Mitigation Trust to fund projects that reduce diesel-related emissions. Each state in the U.S. has been allocated a certain percentage of the fund. In anticipation of the release of funding by January, 2018, states are currently entertaining project ideas. According to the Trust guidelines, these funds may be used to upgrade or replace diesel-powered vehicles with newer and cleaner burning engines; since Alkane products qualify for consideration under the funding guidelines, the company is actively lobbying state mitigation trust fund managers to appropriate monies to replace aging diesel-fueled trucks and fleets with its new propane-fueled delivery trucks.   

Canada—Quebec Province.   As part of its 2030 Energy Policy, the Government of Quebec Province has made it a priority to establish the province as a North American leader in the areas of renewable energy and energy efficiency.

Quebec’s Ecocamionnage Program provides fleet operators with financial incentives of up to $30,000 in eligible expenses related to the acquisition of each alternative-fueled vehicle. The Quebec propane industry has recently reached out specifically to Alkane to bring our Class 7 LPG truck line to the region.  Business trips and meetings have been scheduled to identify and establish dealers in Quebec in an effort to introduce the Alkane LPG Class 7 north of the border. 

Canada—Ontario Province.   The Canadian Natural Gas Vehicle Association, Ontario natural gas utilities, and the Ontario Trucking Alliance are working with the Ontario Ministry of the Environment and Climate Change (MOECC)

to establish guidelines to distribute $270M Canadian dollars over the next four years for alternative fuel applications.  Of the total, $100M is earmarked for new fueling stations, $170M for alternative fuel vehicles. The program is expected to launch in late 2017 and be fully implemented in 2018.  Alkane is preparing to set up its new dealer network in Toronto and other key cities in the province to sell its Class 7 LPG trucks and, when adequate capital can be secured, Alkane will launch its Class 8 alternative-fuel product line.

Mexico—Favorable Fuel Economics and Reducing Diesel-Related Emissions.  In January 2017, the Mexican government eliminated certain fuel subsidies for diesel and gasoline—resulting in an immediate 15%-20% increase in diesel fuel prices. This action created over a 50% favorable price spread between higher diesel prices and lower propane and natural gas prices. In addition, continued degradation of air quality and smog alerts have motivated

Mexican federal and city officials to address their environmental issues. During 2016, the Mexican Environmental Authority began implementing mandated cutbacks in daily deliveries to major cities for fleets using either gasoline- or diesel-fueled trucks; if alternative-fueled trucks are used, the delivery ban is lifted. This double-jeopardy loss in weekly delivery revenue as a result of using diesel trucks and the higher cost of diesel fuel itself has caused a wave of interest in alternative-fuel vehicles—especially in vehicles like Alkane’s Class 7 LPG truck, whose cab-over design is perfect for tight inner-city deliveries. Alkane has selected a Mexican alternative fuel company as its lead dealer—currently taking steps to register Alkane’s products for sale in Mexico. 

Mr. Smith concluded:  “Our major task at this point is to secure working capital to escalate Alkane truck production to meet the burgeoning demand resulting from these key international business development initiatives. We appreciate your investor interest and look forward to answering any questions you may have.”

2018 Class 7 Truck Brochure

3 months ago

The highly anticipated alternative fuel truck is ready to start production in October in our Beckley, West Virginia, facility.  After months of hard work, we have secured a path to deliver a strong and reliable work-ready truck.

DOWNLOAD BROCHURE

Gross Vehicle Weight (GVW)                       25,950 & 33,000

  •  Medium Duty Class 7 Truck 
  •  Allison 3500 Series 6-Speed Automatic Transmission
  •  Bi-Phase Durability-tested LPG Fuel System
  •  For Bobtail, Box, Flatbed, Refrigerated Box and Many Other Custom Uses

        *Trucks are sold as bare chassis; customer must select outfitter.

For more information contact us at info@alkanetruckcompany.com

In as soon as 5 business days, we will be conducting our third closing!

4 months ago

Alkane Truck Company has successfully reached our minimum funding goal and we're continuing to accept investments. Per our offering terms, and because our equity crowdfunding campaign has now exceeded the minimum funding goal, we will be conducting the third closing in as little as 5 business days. Once closed, we can deploy these funds and start implementing our ambitious growth plans right away. You will soon receive an official announcement from StartEngine about the closing.

The equity crowdfunding path has been an outstanding journey for our management team, stakeholders, and avid supporters. As a result, we are also extending our offering deadline to Sept 25th, 2017. We have made this decision based on the overwhelming amount of positive feedback and requests to extend the campaign.

Equity crowdfunding is all about building a community of passionate individuals around a single vision. We thank you for your continued support.

After 5 business days, we will be conducting our second closing!

5 months ago

Alkane Truck Company, Inc. has more than successfully reached our minimum funding goal and we're continuing to accept investments. Per our offering terms and because our equity crowdfunding campaign has now exceeded the minimum funding goal, we will be conducting the 2nd closing in as soon as five business days. We will be closing on all funds whose status is marked as "cleared" and therefore, those investors will be able to cancel their investment up until 48 hours prior to this new closing. 

Once closed, we can deploy these funds and start implementing our ambitious growth plans. The equity crowdfunding path has been an outstanding journey for our management team, stakeholders and avid supporters. There is limited time left until the campaign officially ends, and we encourage you to promote the offering to your network.

Equity crowdfunding is all about building a community of passionate individuals around a single vision. We thank you for your continued support.

Offering Deadline Extended

6 months ago

Dear Investors,

Family, colleagues, old friends and new friends, welcome to the Alkane Truck Company family.  As of today, our Online Public Offering (OPO) has raised in excess of $X, all because of you.

On behalf of the Alkane Truck Company team, thank you! Your investment was a vote of confidence in our company and we’re most appreciative of your commitment to our vision. 

We have an important announcement: We are extending our offering deadline to May 29th, 2017. We have made this decision based on the overwhelming amount of positive feedback and requests to extend the campaign.

What this means for our current investors:

Because we are adjusting our deadline, investors whose funds have not yet been cleared must reconfirm their investment before Thursday, April 6, 2017. If investors do not reconfirm before the deadline, their investment will be canceled and the withdrawn funds will be refunded.

How to reconfirm your investment:

Each investor who needs to reconfirm their investment will receive an email shortly from StartEngine with a secure link allowing investors to re-confirm their investment. You simply need to enter your name, the company, and click the “Sign” button at the very bottom of the webpage.

If you do not receive an email, your investment is all set and you do not need to reconfirm your investment.

If you have any questions about the process or any trouble reconfirming your investment, please reach out to contact@startengine.com or call 800-317-2200 between the hours of 9:00am - 5:00pm Monday through Friday PST.

Thank you for your support and helping to make our dream come true.


In as soon as 5 business days, we will be conducting our first closing!

6 months ago

Alkane Truck Company has successfully reached our minimum funding goal and we're continuing to accept investments. Per our offering terms, and because our equity crowdfunding campaign has now exceeded the minimum funding goal, we will be conducting the 1st closing in as little as 5 business days. Once closed, we can deploy these funds and start implementing our ambitious growth plans right away. You will soon receive an official announcement from StartEngine about the closing.

The equity crowdfunding path has been an outstanding journey for our management team, stakeholders, and avid supporters. There is limited time left until the campaign officially ends, and we encourage you to promote the offering to your network.

Equity crowdfunding is all about building a community of passionate individuals around a single vision. We thank you for your continued support.

Alkane Truck Company On The Works of a Partnership With Cummins Engine.

7 months ago

Engineers from Cummins and Triad Services Group, met last week with our CEO and executives from Agrale to review the program for a diesel version Dominator. 

Alkane Truck Company, is adding three new engines to their current vehicle line.  


For the Dominator, we have identified Cummins ISV5.0, 

ISV5.0 

Overview

Cummins ISV5.0 goes beyond the traditional diesel attributes of horsepower, torque, reliability and durability to deliver the next dimension of performance. Cummins global diesel design expertise has combined advanced materials, the latest High Pressure Common Rail (HPCR) fuel system, Cummins VGT Turbocharger and Cummins emission control technology to produce an extraordinarily clean, quiet and fuel-efficient V8 diesel engine. The ISV5.0 is ideally suited for pickup and delivery vehicles, school buses, light- and medium-duty trucks and motorhomes. And Cummins commitment to service support has never been stronger. That’s taking total performance to the next dimension.

Better Fuel Economy. Big Savings.
Switching from a gasoline V8 to the Cummins ISV5.0 V8 diesel significantly reduces your cost of operation, as diesel fuel economy is typically 20-40% better than a V8 engine of comparable performance. The ISV5.0 combines the latest in Cummins combustion technology, with advanced weight-saving components that include a compacted graphite iron (CGI) block, and high-strength aluminum alloy head and composite valve covers. The high power-to-weight ratio of the ISV5.0 helps you get the most out of every gallon of fuel.

Proven Technology With A Clear Advantage
The ISV5.0 utilizes Cummins advanced technology that has been proven effective and reliable in the toughest on-highway applications. This includes a HPCR fuel system, dual overhead camshafts and the Cummins VGT™ Turbocharger. The Aftertreatment System from Cummins Emission Solutions is fully integrated with the engine to deliver optimum fuel economy and near-zero emissions. The ISV5.0 will be certified to the near-zero NOx and PM emissions levels required by the U.S. Environmental Protection Agency (EPA) and will also meet 2014 GHG requirements an 2013 Air Resources Board (ARB) standards including on board diagnostics.


Class 7 Truck, a ISB 6.7 Diesel Engine,

B6.7 for Medium-Duty Truck (2017)

Overview


When you say the word "efficiency" to anyone in the trucking industry, the conversation immediately turns to fuel economy – for good reason. It’s one of the single most important factors in your total cost of operation.

And that’s why Cummins is redefining a classic and introducing the newest-generation B Series engine from Cummins – the B6.7. The Cummins B6.7 for 2017 is more efficient, with up to 7 percent better fuel economy over the EPA 2013 ISB6.7, with the highest gains in key duty cycles running at lower speeds and in inner-city operations.


But that’s not all - Cummins is making other significant enhancements in everything from reliability to noise reduction to real-time diagnostic capability and performance.

One contributing factor to the fuel economy improvement is the fully integrated Single Module™ aftertreatment system, which incorporates a flowthrough design and optimized heat management. It also contributes to a significant space savings over the previous model.

Obviously, even though the B6.7 already commands the highest market penetration of any engine in its class, Cummins engineers don’t take anything for granted. Even with a legacy of over 12 million B series engines
sold over the last 32 years, we continue to keep improving a time-tested and proven reliable product. The B6.7 will have accumulated 1.5 million test miles in multiple real-world applications prior to its 2017 launch, ensuring exceptional uptime from the start. Plus, the 2017 B6.7 will be fully capable for the introduction of stop-start technology that will yield further improvements in fuel economy in stop-and-go duty cycles. That’s Cummins, redefining efficiency – not just for the B6.7, but for an entire industry.

A Business Partner With The Power To Meet Your Needs.

There are two distinctly different B6.7 versions from which to choose. Customers looking to maximize fuel economy with the lowest possible cost of operation should select one of our efficiency ratings from 200 hp to 260 hp (149-194 kW). B6.7 engines in this ratings family have a unique combustion formula that, together with improved airflow through the aftertreatment and modifications to the VGT® Turbo, add up to an additional 7 percent fuel economy improvement over the EPA 2013 ISB6.7.

Customers who need additional power and torque should opt for B6.7 performance ratings from 280 hp to 325 hp (209-242 kW). Those ratings feature their own unique turbocharger, piston design and aftertreatment system, for optimum performance. Peak torque ranges from 660 lb-ft to 750 lb-ft (895-1017 N•m), making it easy to deliver heavy loads on the steepest hills while still offering up to 5 percent better fuel economy in 2017.


Class 8 Truck, 

X12 (Available 2018) for Heavy-Duty Truck


Overview


The productivity leader.

Cummins X12 redefines the entire medium-bore engine category (10L-13L), setting new standards for productivity in regional-haul, vocational and intermodal truck applications. It’s performance that is not just unchallenged – it’s unbeatable. Smaller in size – at least 150 pounds lighter than the next closest competitive engine and up to 600 pounds lighter than other medium bore engines – the X12 still delivers powerful performance from 350 hp to 475 hp and 1250 to 1700 lb-ft of peak torque. At just 2,050 pounds, it has the highest power-to-weight ratio of any heavy-duty engine from 10 liters to 16 liters in size. The combination of power and efficiency is striking. You can gear the X12 to pass traffic in the left lane and still have plenty of fuel left in the tank for every job.

The Best Of All Worlds.

A legacy of proven performance goes into every Cummins X12. From L10 and M11 in the 1980s to ISM and ISX engines through the turn of the century, we’ve been building on a proven platform designed for maximum uptime and productivity. The X12 will be built in Jamestown, N.Y., in the same production facility as the Cummins X15, and will share many heavy-duty components, including our proprietary Cummins Holset VGT® Turbo, XPI fuel system, Electronic Control Module (ECM), our new Single Module™ aftertreatment system and ADEPT™ advanced electronic features. It’s an engine platform that’s been tested and is delivering in the toughest, most challenging operations around the world – like an Australian B-double and German Snowgroomer, it just keeps rolling.

Better In The Short Haul.
And Over The Long Haul.

Regional-haulers with hub-and-spoke operations can expect their Total Cost of Operation (TCO) to drop significantly with the X12. A low-friction design increases fuel economy while extended maintenance intervals and high mileage, real-world experience ensures maximum uptime. Less time spent in the shop means more money you can earn on the road.

Run Quicker. Deliver More.

The X12 is designed to deliver exceptional throttle response for inner-city stop-and-go operations, especially when paired with an automated manual transmission. Plus, its compact size enables shorter bumper-to-back of cab (BBC) dimensions with improved maneuverability. A new Cummins engine brake improves stopping power and lengthens service brake life. Drivers will really like the way the X12 performs, whether the traffic light is turning green or red.

Trust Makes All The Difference.

The most reassuring part of owning any Cummins-powered vehicle is knowing that we’ve always got your back. Cummins engine experts and our extensive training programs ensure service and support excellence that you can depend on. No matter the situation. We are committed to the success of your business, which means complete dedication to working with you as a partner on everything from upfront vehicle and engine spec’ing to maximizing your uptime out on the road. You aren’t just buying a Cummins engine – you’re buying Cummins expertise and commitment anywhere and everywhere your business takes you. And no matter where that is, peace of mind is always nearby with over 3,500 authorized Cummins parts and service locations throughout North America.

Alkane Truck Company Inks Exclusive Agreement With Agrale, Brazil

8 months ago

Deal Announced Alongside Company’s Launch of a Title III Crowd Investment Offering on Equity Crowdfunding Platform StartEngine Allowing Anyone to Invest in Alkane

"We are very excited about having exclusivity with Agrale in the North American market. The unique vehicles we will be offering through Agrale will fill existing market voids."

MYRTLE BEACH, SOUTH CAROLINA (PRWEB) 

Alkane Truck Company, the South Carolina-based manufacturer of alternative fuel trucks and off-road vehicles, has signed an exclusive agreement with Brazilian truck manufacturer, Agrale. The agreement names Alkane its sole representative for sales and service in North America--to include the U.S., Canada and Mexico. This announcement comes at the same time as the company’s launch of a new crowdinvesting campaign on equity crowdfunding platform StartEngine, allowing anyone across the U.S. to join the company in their vision for providing clean-burning alternative fuel vehicles, American jobs, and energy independence for the trucking and off road vehicle industries.

Signing the agreement from Alkane was its CEO, Mr. Bob Smith, and representing Agrale was CEO Mr. Hugo Zattera. The company, founded in 1962, is best known for building rugged and durable products and is the sole supplier of military vehicles to the Brazilian government. 

“We are very excited about having exclusivity with Agrale in the North American market,” said Smith. "The unique vehicles we will be offering through Agrale will fill existing market voids.” 

The first Agrale/Alkane collaboration introduced in the U.S. is the humvee-style Alkane Dominator™. This rugged vehicle was part of the Line-X Body Armor Coating Exhibit displayed at the SEMA Expo in Las Vegas on November 1, 2016. 

Alkane brings to the market a unique production and distribution model, using streamlined manufacturing and distribution to reduce costs and allow Alkane to offer more competitively priced vehicles in their respective markets. 

Alkane imports the main body and chassis as an assemblage of parts and incorporates U.S.-manufactured components such as engines, transmissions, fuel systems, wheels, tires, brakes, safety elements and other key components required for DOT compliance. 

Together, Alkane and Agrale will offer a new class 7 truck line, the humvee-style, off-road Dominator™ and various commercial chassis options for recreational and public transportation vehicles.

“We are ready to move forward and we anticipate the North American market will be very receptive to these rugged and durable vehicles,” said Bob Smith. "This agreement is a unique and exciting opportunity for both companies, and we look forward to working together.”

New rules as part of Title III of the JOBS Act have enabled Alkane to launch a new crowd investing initiative on equity crowdfunding platform StartEngine to allow anyone across the United States the opportunity to invest in the company’s signature alternative-fueled vehicles. Interested individuals may visit https://www.startengine.com/startup/alkane to learn more. 

About Alkane Truck Company
Alkane Truck Company is an OEM for 100% dedicated natural gas powered vehicles. Alkane’s vehicles are sold worldwide and are available in Gasoline, Diesel, Propane Autogas (LPG), Compressed Natural Gas (CNG), and Liquefied Natural Gas (LNG). The company is headquartered in Myrtle Beach, South Carolina. For more information, visit our website http://www.Alkanetruckcompany.com

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