SunCycles wins second prize in NBIC business competition

Home Business SunCycles wins second prize in NBIC business competition


Martin Roos, Head of FNB Business SME Division congratulated Marita van Rooyen and MJ of SunCycles, winners of the second prize in the annual Business Plan competition.

“FNB Business was the sponsor of the second prize winner and we are extremely proud of SunCycles, the electric-powered bicycles which can reach a speed of up to 30km/h. We hope that the prize money of N$15 000 will assist them in achieving even greater heights and dreams with their venture,” he added.

Roos said that not only is the idea original and affordable but it also offers all Namibians the opportunity of making use of solar-powered, efficient and sustainable transport.

“This solar-powered electric bicycle can be built, maintained and operated by Namibians themselves and might solve the transport crises of numerous fellow Namibians.”

The company also offers more than just the sale or renting of SunCyles. Their dream is to offer a more sustainable, affordable, and environmentally friendly form of energy and mobility; make solar-powered electric mobility accessible to Namibians; transfer knowledge, skills and know-how regarding electric mobility and create employment and equal opportunities.

“We encourage Namibians to make use of this opportunity to become mobile while at the same time conserve our green planet,” the company says.

The Namibia Business Innovation Centre (NBIC)’s annual Business Plan competition is aimed at encouraging the many aspiring entrepreneurs to think their ideas through and outline them in a structured document which in turn often give them greater understanding of their markets, help them assess actual viability of those ideas as well as encourage them to realize the business plan.

This was the 6th annual Business Plan competition. FNB Business SME Division has supported the competition for the past four years.