© Evolute Drives Ltd 2014 1 Alex Tylee-Birdsall Managing Director Evolution in Driveline Technology 10-15% Higher Range in Electric Vehicles.

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Alex Tylee-BirdsallManaging Director

Evolution in Driveline Technology

10-15% Higher Range in Electric Vehicles

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MSYS Transmission

10-15% efficiency improvement

equals:

10-15% range increase

or

10-15% smaller battery

Technology Created by DSD.

DSD Consultancy Customers:11 European vehicle manufacturers2 US vehicle manufacturers2 Chinese vehicle manufacturers

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Technology

Multispeed electric vehicle transmission:– Allows a wide range of cost reduction options– Enables return on existing EV investment

– Low cost contribution to meeting EC fleet CO2 target

Patents pending powershift technology– Portfolio of technologies going through

international applications– Potential application outside EV

Low weight and size– 40% weight reduction to single speed

powertrain

Existing technology used in a new way– Allows use of existing supply chain– Low development risk

Why invest in MSYS Transmission?

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Status

Currently in prototype testing phase

Concept demonstrator vehicle available to drive Q2 2014.

Interest from 2 European premium segment vehicle manufacturers

Tier 1 volume manufacturing interest from with UK and Europe

New interest from 3 further vehicle manufacturers

Where are we today?

2011 20142012 2013

Prototype DesignConcept Build & Test Vehicle Demo

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Financial Requirement

3 year production development programme Q2 2014 to Q1 2017

Staged investment of £6,000,000 required to achieve production:

– £1.75M Production Design– £1.75M Development testing and validation– £2.5M Control system development and calibration

Return on investment:– 8-15% per annum during 2017-2018 from volume

license fee– 25% per annum from 2019 from volume license fee

What will it take to get to production?