23% saving Incentives Pollution charges DIESEL TEVA Time (% of a full day of use) State of Charge (%) Traditional system With PREMS Operational Limitations Lifetime cost Emissions
Barriers and Teva Solution Lack of charging infrastructure Unpredictable range High sticker price Operational risk of running out of range Limited space in vehicles High costs to set up assembly line Teva only needs depot 3-phase charging that already exists Range extender removes range limitations Customers in the commercial sector focus on TCO Customers in the commercial sector have predictable daily range with small variance Trucks have physical space to put in different systems – simplifies development process No costs – assembly line already exists, Teva brings in a complete chassis BARRIERS TEVA SOLUTION
Team/Partners/Awards Executive/Operational Team CEO: Asher Bennett – Entrepreneur, EV and BATTERY specialist with 18 years experience. Chairman: Sir Trevor Chinn – High profile businessman and ex chairman RAC, AA, Kwik-Fit. Trevor Power: Automotive entrepreneur and EV specialist. Malcolm Powell: Ex Tesla and Lotus. Partners : China’s largest diesel truck exporter. World’s largest truck fleet operator. Awards: DECC Energy Entrepreneurs Fund Competition ~ £800K Grant
Market Opportunity: 150,000 Trucks per year EU alone. China + USA huge opportunity Investment to Date: £900K Grant funding, Angel Investors Next Steps: 3 Prototype Trucks on 2 Chassis Types – Q3 Prototype of Predictive Management Application – Q3 ASK Series A investment: £1million (~ £250K to complete the round). HMRC approved for EIS Unit Sales Revenue£3m£18m£54m£117m