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04 / Investment case / Electrification
Naples electric micro-fleet
An electrification investment case: a five-year model for electric mini concrete mixers in Naples’ restricted traffic zones, linking unit economics, labor, permits, tax incentives, and free cash flow to a project NPV.
Decision signalNAPLES / MODEL 04
€264kProject NPV · €390k initial capex · 8.5% WACC
Model chart / FCFF profile€264k NPV
initial capexannual FCFF€k · 8.5% WACC
€264kproject NPV
€390kinitial capex
€891kyear-one sales
01 / The question
Does a small electric fleet create enough cash to justify the investment?
The case connects the fleet’s operating capacity to sales, material costs, direct labor, permits, tax incentives, depreciation, and free cash flow. It is a practical investment decision with both financial and operating constraints.
The value comes from the timing: a heavy initial outlay, followed by recurring FCFF and a modeled salvage value. NPV makes that timing visible at an 8.5% WACC.
02 / What the model does
Builds a bridge from unit economics to NPV.
The budget sheets feed the NPV schedule, giving the investment committee a path to challenge volume, price escalation, labor, permit cost, tax credit timing, and terminal assumptions one by one.