Grinntech introduction

© 2013 GrinnTech Motors & Services (P) Ltd., www.grinntech.com, [email protected]

TwaritTM Battery Swapping Services&

TwaritTM EV Conversion Kit

Grinntech Motors & Services (P) Ltd.

http://www.grinnmotors.com/

mailto:[email protected]

About us

Company Profile

Grinntech is promoted by three IIT Roorkee graduates.

Grinntech introduces Twarit™ Recharging Services to support operation of Battery powered

light electric vehicles (LEVs) and take away operational constraints restraining scaling up of LEV industry.

Electric conversion kit for converting existing LCVs to LEVs.

Advance level talks with Government of Uttarakhand for introduction of 7+1 seater light electric vehicles and establishment of charging infrastructure.

Purchase Order to be received to start converting a very big corporate fleet to electric vehicles.

Technology partnership with Indian Institute of Technology, Roorkee Advanced technology development work started with Dr. Vinod Kumar

and Dr. Manish Jaglekar

2© 2013 GRINNTECH MOTORS & SERVICES (P) LTD.

EVs – D

EMA

ND

OF TH

E FUTU

REOpportunity – Global Drive for Electric Vehicles

© 2013 GRINNTECH MOTORS & SERVICES (P) LTD. 3

• All major OEMs are investing heavily on R&D for EV products.• With tightening pollution norms, OEMs continuously need to

invest heavily on current products to match norms.• Governmental bodies are readily pressurising OEMs for

bringing out EV products.• Many EV products are available in market but are not able to

achieve any scale due to customer disinterest.

• EV Products in market so far … Vikram EV by Scooter India Ltd - could not survive. BAJAJ’s project with USAID - never reached the market. TATA, TVS, Piaggio have EV products ready Mahindra

Bijli - failed to penetrate into market. Maximo EV is ready to launch. Mahindra’s recharging stations are coming up but

E2O’s success story is yet to be heard of.

PAIN

POIN

T WE A

DD

RESSAll these products are yet to achieve scale

It’s an irony that none of these products failed due to any manufacturing defect or performance constraint, but due to lack of operational support, leading to following operational hiccups

Long Charging Time (6-8 hrs) Lower Range (60-80 Km) High Battery Cost Short Battery Life

As on date, OEMs are still striving to make their mark in EV market.


Conventional Petrol Pumps

Conventional 2 minute refill


Twarit Recharging Stations

2 minute battery reload at TWARIT stations ….


WH

AT D

O W

E DELIV

ER?GRINNTECH’S PROPOSITION - TWARIT SERVICES


Grinntech proposes ‘Twarit Services’, infrastructural support for EV recharging

Battery swapping with cloud based smart recharging,

Vehicle ready to go again in 2-3 mins, Life long battery support No capacity / range anxiety

It will take care of operational constraints mentioned previously.

Twarit Services will attract end users’ interest in EVs and make it their preferred choice.

Twarit’s Progress

Grinntech’s Progress with ‘Twarit Services’

We have our LEV prototype ready. It’s an electric version of modified Tata Ace(diesel).

The vehicle is designed to facilitate 2 minute hassle free battery swapping.

The vehicle is up and running. It has already been run for more than 150 Kms for range and capacity testing.

Battery Swapping exercise has been tested for a quick swap with a temporary Setup.

As not many EV products are available in Indian market, we have developed an EV Conversion kit which converts an LCV into LEV.

The kit has been named Twarit EV conversion kit and the same is used for developing our first prototype.


Twarit EV Conversion Kit

Twarit’s Progress

TWARIT EV Conversion Kit


Battery PackMotor Replaces Engine

No Clutch, Same Brake, Throttle replaces accelerator EV kit box and accessories

We have developed a retrofit electric conversion kit and obtained a trade certificate for its trial.

Technology to be developed

Customized battery charger, and battery management system,

Communication of vehicle, recharging station and cloud. Communication of battery charger and batteries, Algorithm to asses battery demand based on battery

status and vehicle GPS data. Algorithm to control charging to reduce cost and fulfill

demand. Algorithm for making smart recharging procedure for best

possible use of each cell and battery pack depending on several affecting functions of battery.

Implementation of above algorithms in Charging Management System (Cloud based web application)

Hardware, software and algorithms developed above will be patented.

WH

AT W

E NEED

TO D

EVELO

P.

© 2013 GRINNTECH MOTORS & SERVICES (P) LTD.

Go To M

arket PlanGo To Market Plan & Investment Ask

Develop EV prototype Completed Confirm manually battery swapping process, energy

requirements (cost) INR 10 Lacs funded by founders

Develop charging management system Charging station, cloud service and BMS Ascertain operational feasibility of our service Looking for funds / grants for this INR 64.9 Lacs required

Pilot Run in City1 Set up a battery swapping station on a route for vikrams Enhance hardware – software with real operational feedback In partnership with OEMs & Government INR 1.2 Cr required

Full City operation in City 1 INR 13.2 Cr required for this stage


Financial planTechnology Development Phase 2


Head Development costNon-Isolated DC-DC Converter development 100,000Isolated DC-DC Converter development 100,000Low Power fixed current Lithium battery charger 200,000Low Power variable current Lithium battery charger 300,000High Power variable current Lithium battery charger 800,000Cloud controlled charging system development 800,000Centralised BMS development 500,000Distributed BMS development 500,000Patent filing costs 500,000Conversion of vehicle for testing 1,200,000Initiator pay 900,000

5,900,000590,000

6,490,000

Total:Contingensy @10%

Total:

Financial planFull City Operation (Single City)


Financial plan10 year projection


INR

Cr

What are the benefits ?

Benefits (A win-win for all stake holders)


GrinnTech (Investors)

Vehicle Owners (Potential

Buyer)Government General Public Auto OEM

Margin of USD 727 / year on recharging an EV

Saving of USD 1150/year on switching to EV from diesel run vehicles.

Saving of USD 303/year on subsidy provided on diesel to power each vehicle.

Saving on expenditure on health care for cure of several diseases caused due to pollution.

Opportunity to become first few organizations to have successful EV products.

Battery advance money to remain with us for 2-3 years.

Life time battery support for small amount paid on each recharge.

Foreign exchange saved, and foreign deficit balanced.

Cost of public transport will not alter due to rising crude oil prices.

Cash on huge market potential.

Additional revenue opportunities:•Carbon credits•Advertisement•Call an auto service

Minimal maintenance cost, and extra earning with share in additional revenue.

International compliance on GHG emissions.

Better living conditions with reduced pollution and safe transportation in the city.

Our Com

petitorsOur Competitors

Our main competition will be gasoline, diesel and CNG refilling stations

No offerings similar to TwaritTM Recharging Services currently in India.

Big MNCs like Charge Point, Plug Share, Evgo Networks etc may start operations in India on success of our model.

Green Volts is building an ERP system for charging point owners and may provide service similar to ours on our success.


Risk FactorsRisk factors involved


Possible Risk

Probability Impact Remedy / Explanation

Power Supply Breakdown

Medium High Backup Gensets.

Natural Disasters

Low Medium Infrastructure Insurance.

Absence of Drivers

Low Low330 days/year is taken as a liberal estimate.

Change in Policies

Low High

Only if it does, Govt. policy will change to motivate Electric Vehicles even more as pollution is not going to come down otherwise.

Increase in electricity rates

Medium Medium

Electricity rates constitute a miniscule fraction of our recharging costs; increase will be factored in by EOQs and cheaper technology in due course.

Disinterest of customers due to huge one time investment

Low Medium

As our service revenue is highly dependent on volume sales of LEV, we will ensure minimum price for LEV and government’s financing support for customers to feel no burden in switching to the new system.

Our Team

Promoters

Three IIT Roorkee alumni constitute the Grinntech founding team:

Puneet Jain: Chemical Engineer; experience in management of technology, processes and people; looking after overall operations, business development and strategy of our company.

Nikhilesh Mishra: Mechanical Engineer; in-depth knowledge of automobiles and electric vehicles; Delivered various automobile lectures and conducted workshops for the same; looking after all the research and development activities of our company.

Sandeep Mishra: Production & Industrial Engineer; 3 year experience of production, planning and control; looking after production operation, public relations, and communications of our company.


THA

NK YO

U !!!

© 2013 GRINNTECH MOTORS & SERVICES (P) LTD.

THANK YOU Looking forward to hear back from you

19

Grinntech introduction

Investor Relations

ev market

ev products readymahindrabijli

ev rechargingbattery

vikram ev

maximo ev

current products

operation of battery

twarit stations