This electric vehicle mines crypto in his spare time

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Toronto producer of light personal electric vehicles (LEV) Daymak plans to launch a cryptocurrency mining car that will allow homeowners to make money while parked, plugged in, or charging wirelessly.

The car, known as Spirit, is an all-electric, three-wheeled vehicle that can accommodate two adults and intended to be a daily commuter “designed with the track in mind,” according to the Daymak website. The base Spiritus Deluxe model has a top speed of over 85 mph, a 0-60 time of 6.9 seconds, and a range of 180 miles. The upgraded Spiritus Ultimate sports model has a top speed of over 130 mph, a 0-60 time of 1.8 seconds and a range of 300 miles.

“I think that in the future we will see [cryptocurrency] replace banks and transactions, ”Aldo Baiocchi, president and founder of Daymak, told Yahoo Finance Live. “So it was logical [to incorporate crypto mining capabilities] since the car comes with computers on board, and most cars, as you know, depreciate.

With suggested retail prices of $ 19,995 and $ 149,000 for the Deluxe and Ultimate versions, respectively, deliveries are expected to begin in 2023. Buyers can also pre-order the Spiritus Deluxe for $ 18,495.

As for mining, Spiritus is mining crypto through Daymak Nebula, the world’s first comprehensive cryptocurrency suite for electric vehicles. Currently exclusive to Spiritus controls, the car’s dashboard will allow owners to manage, send and receive crypto on the go. When parked, plugged in, or wirelessly charging, the Nebula Miner can mine Bitcoin (BTC-USD), Ethereum (ETH-USD), Doge (DOGE-USD), and more.

The Spiritus’ crypto capabilities could offset its own monthly rental price, Baiocchi said, or owners could simply choose to spend the money on meeting their daily dose of coffee.

“You use a car for an hour a day, more or less. So our car, 23 hours a day, will save you money – could be between $ 5 and $ 12 [a day] obviously depending on the price of the crypto, ”added Baiocchi.

According to Baiocchi, Daymak has sold more than 100,000 electric vehicles, mainly e-bikes, mobility scooters and ATVs. In March, the company unveiled a series of six products (of which the Spiritus is one) called Daymak Avvenire, all of which are expected to begin production in 2022. Daymak has received more than $ 900 million in orders between retail and distribution letters of intent, Baiocchi said.

Interior of Daymark Spiritus – Courtesy of Daymark

‘With crypto technology, a lot of people [still] I have no idea today what he can do ‘

In terms of a longer-term goal horizon, Baiocchi said Daymak seeks to capitalize on both its patented Ondata wireless charging as well as its cryptocurrency technologies. Daymak describes Ondata as “more compact, more efficient and less expensive than other wireless charging technologies available on the market today”.

Baiocchi also said that Daymak aims to become the market leader in three-wheeled electric vehicles, as well as the market for small electric vehicles such as ATVs, mobility scooters and e-bikes.

“These are all great potential markets,” Baiocchi said. “And with crypto technology, a lot of people [still] I have no idea today what he can do.

Thomas Hum is a writer at Yahoo Finance. Follow him on twitter @thomashumTV

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