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Thursday, January 31, 2019

Terra Electro- one of the best accelerator startups Decenturion




Terra Electro developed and patented a completely new type of electric vehicle with a replaceable portable battery that charges from any 220V outlet. The company has also developed a city network of express stations for battery replacement. Replacing the battery takes only 1 minute, and the nearest station is listed in the mobile application.


Startup Terra Electro won the first place in the Smart Patent startup competition organized by the Minsk City Executive Committee and the Academy of Sciences of Belarus, was invited to become a resident of the Minsk City Technopark. Andrei Selyukov, CEO of Terra Electro, shared the good news: “We have been eligible for a state grant of one million US dollars for the implementation of the Terra Electro technology.”

The company received state support in the Republic of Belarus, the idea of electromobilization of the country is planned to be introduced to the legislative plane. When entering the company as a resident of the Park of High Technologies in the Republic of Belarus, the following preferences will be available to it:

tax exemption.

good preferences for investors

At the moment, the company is negotiating with a number of potential investors in order to obtain working capital. And the withdrawal of dividends from the company to investors will not be taxed, which is 13 percent savings. The High-Tech Park also works under British law, which is an important component for Western and Singaporean investors.

As Andrei Selyukov explained, the technopark will be a place for registration. Andrei Selyukov has already received Estonian e-citizenship, which allows you to remotely open a subsidiary in Estonia, which will be engaged in the production, assembly and sale of goods in the European Union. The opening of the company for the European market is planned in January-February 2019. In Estonia, as well as in Belarus, there are preferences for foreign companies, i.e. when registering a company in Estonia and delivering goods for export to the European Union, the company is exempt from VAT and income tax, which is approximately 35 percent of the savings.




Currently, the holding is legally registered in the Republic of Belarus, but there are already several platforms for the project to be launched. Considered several sources of investment.The CEO of the company was invited to the Minsk Forum, where a business meeting with a representative of the Belarus-EU Business Council took place. The task of the Council is to assist Belarusian enterprises in entering the European market, and the organization is funded by the European Union. The main office of the Council is located in Brussels, with headquarters in Kiev, Minsk, Moscow, Singapore, Estonia.


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