#StartupsMX is a series of short posts exposing Mexican entrepreneurs, that otherwise, would not be covered by mainstream media. Are you one of them? I will be glad to hear from you.
Mexico is having a magnificent moment in the automotive business. We have just passed Japan, and became number 2 exporter to the US. Mexico has reached 8th top global manufacturer of automobiles and 4th exporter. The big 8 car brands are well established and German automotive industry is making key investments to push the US market. Quality is so good that even Nissan Mexico manufactures NYC cabs and Mercedes Benz.
Enter BIMO, a Puebla-based company founded in year 2000. After performing R&D with help of many public and private institutions of Mexico, like UNAM and CONACYT, it has landed 2 rounds of financing with angel ventures and public financing institutions. This funding also has helped BIMO for obtaining trademark and intellectual property registration before the Mexican IMPI.
Currently, it is manufacturing 500 units of “Romy 2015” for replacing taxi-bikes on downtown Mexico City, and securing a maintenance contract. The company is developing business to setting up distribution and after-sales services to other locations of Mexico, along with a distribution business of electromechanic connectors and removable ergonomic board for the EV industry.
Romy was designed and manufactured under the standards of the US Department of Energy Vehicle Technologies Program.
Now, it has an invitation to CISMEF, the biggest Chinese SME trade fair taken place next October in Guangzhou, where expects to land business with the growing local auto industry.
Tesla´s Elon Musk is clearly the innovator on EVs, but the market is coming of age. In the near future, traditional cars could loose a market share on niches. Considering Mexico´s capacity in facilities, logistics and legal framework, do you think EV can get retribution anytime soon here? What do you think?
Photo credit by roads and railways series #3 by woodleywonderworks
Last April 29, 2014, Mexican Government published its Infrastructure Plan to be executed from 2014 to 2018. The total budget is US$590 bn in 743 projects. This infographic shows a brief of the content. Some examples of projects are listed for reference only. There is still plenty to review and discuss.
www.mexicanlawblog.com is a tool for developing business in Mexico. This is why, I added a section with relevant events about business in Mexico. If you want to list your event or include an interesting one, please contact me.
The Mexico Capital Projects & Infrastructure Summit 2014 is the premier gathering of global public and private infrastructure developers and investors in Mexico, brought by Latin Markets. Its high-impact platform, focusing on local projects and challenges unique to the Mexican infrastructure market, will attract 300 delegates from top-tier organizations in energy, transport, mining, telecom, real estate, and social infrastructure.
The Summit deals directly with the most important issues in Mexican infrastructure, from new opportunities emerging from the LAPP concession reforms to trends in infrastructure demand down to the municipal level, while still delivering a regional and global audience as part of the CP&I Latin American Summit Series.
With over 65 C-level executive speakers, Mexico CP&I delivers direct access to key top-level decision makers from global construction firms, concessionaires, pension funds, banks, technology and engineering consultancies, and legal service providers.
To learn more about how to participate, please contact Ken Bauco at firstname.lastname@example.org or +1 212 561 8926
www.mexicanlawblog.com is a tool for developing business in Mexico. This is why, I added a section with relevant events that occur in or around the business in Mexico. If you want to list your event or include an interesting one, please contact me.
Join the Gas Future Forum for strategic updates and technological opportunities in the Mexican gas and energy sector.
The Gas Future Forum is a 2 day strategic and technical conference aimed to cover the recent legislative, geopolitical and strategic updates in the Mexican gas energy sector. As well as the technical and innovation aspects in the Gas sector, focusing on the operational efficiency and flexibility of gas power plants.
Photo credit: Money and Calculator by Images Money
This document describes the caps and foreign investment regulation for diverse activities and industries under Mexican Law, as updated with the recent reforms of telecom, energy and finance sectors. As always, this is for informative purposes and cannot be considered as substitute for a legal advice. Learn more.
Foreign Investment Caps in Mexico (2013 & 2014 Reforms) (99)
Copyrights 2014 – Alberto Esenaro. Learn more.