SUN Mobility

May 2018

By: Nikhil Dhamankar

Confidential — Do not distribute without permission 0

Electric Vehicles: Barriers to mass adoption

High Cost Range Anxiety Long Re-fuelling time

Battery pack Limited driving Takes hours to fully

adds cost range charge

SUN Mobility is deploying battery interchange

infrastructure that eliminates these barriers
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SUN Mobility: About us

• A leading principal investor and private equity • First company in India to design and
fund manager in Russia, India and other manufacture eco-friendly electric vehicles
emerging and transforming markets. • 43 years of excellence in high-precision
• The founding shareholders are part of an Indian engineering components, materials
family group - active in India for more than 100 handling, warehousing and logistics
years
• Active in areas such as Aerospace, Oil & Gas, SUN New Virya Mobility solutions, aerospace and electric vehicles
• Loyal customer base in 25+ countries
Mining, Real Estate, Infrastructure, Food &
Beverage, Technology and Renewable Energy. Energy Systems 5.0 internationally

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SUN Mobility: Alternative approach

SUN Mobility’s unique approach and technology enables customers to get an EV at the same CAPEX and similar OPEX at a
conventional petrol/diesel vehicle
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SUN Mobility Energy Ecosystem

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Smart Battery

Small & Lightweight Robust and Swappable

Connected Interoperable

Intelligent Upgradable

Modular

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Quick Interchange Station

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Smart Network

Enables a daily customer connect

Real time optimization

Digitally enabled “pay as you go”

Fleet management

Few station locations can serve a large city with high route coverage
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Smart Network Command Centre

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Smartphone App User Interface

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Run on Sun

2030

Total vehicles in India will be 400 million

vehicles

India is targeting 300 GW of renewables

by 2030

0.5% of Rajasthan’s land with

solar panels

Will be enough to power all the

If some vehicles are shared, autonomous and connected,
vehicles in India
260 GW of power is required
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SUN Mobility Interoperable Solution for small electric vehicles

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SUN Mobility Smart Mobility Solution for eBus

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Sun Mobility – Business Objectives

Challenge
High Vehicle Cost
Long Charging Time
Lack of infrastructure

Solution Impact
Smart Batteries Faster
Quick Interchange Cheaper
Smart Network More Convenient

Accelerating sustainable, pollution-free future with

electric vehicles, smart batteries and clean energy

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Auto rickshaw transformation
a) Retrofit : Convert existing CNG autos into electric auto
by replacing CNG engine with electric power train Project Financials for 500 e-Autos
1 Cr Drivers (20%)
Retrofit Cost : Rs. 5.00 Cr 1.5 Cr FAME I subsidy (30%)
Energy Infra Cost : Rs. 8.00 Cr 2.5 Cr Additional Support (50%)

Total Project Cost: Rs.13.00 Cr Investment by Sun

Mobility (100%)
Financials for each Auto driver
Rs.5 Cr cost of converting #500 conventional CNG to electric
Retrofit cost for each auto : Rs. 1,00,000
DHI FAME subsidy for retro fitment : Rs. -30,000
Subsidy by state/local government : Rs. -50,000
b) Energy infrastructure : SUN Mobility will invest into setting
Effective cost : Rs. 20,000
up of battery charging / swapping stations at various
convenient locations across Pune
Benefits
- Drivers don’t have to buy an expensive batteries as SUN mobility will
provide network of swappable batteries on pay as you go model
- Savings of Rs 3,500-10,000 per month for the auto driver (savings are
dependent on fuel category)
- Replace polluting near end-of-life autorickshaws with electric
Rs. 8 Cr cost of providing energy infrastructure for e-autos - Clean, noise and emission free transportation for the residents
(#25 station & #1850 batteries)

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Auto rickshaw transformation in Maharashtra
Proposal : Retrofit 5-7 year old (7 year end of life) autos to e-autos (Maharashtra has ~6 lacs autorickshaws; ~50% older than
5 years)
Benefits
• Drivers don’t have to buy an expensive batteries as SUN mobility will provide network of swappable batteries on pay as you go model
• Savings for auto driver after Swap retrofit
New Petrol Auto New Diesel Auto New LPG Auto New CNG Auto
Savings per month ₹ 10,208 ₹ 8,423 ₹ 4,199 ₹ 3,537
Savings for 7 years ₹ 8,57,546 ₹ 7,07,571 ₹ 3,52,739 ₹ 2,97,152
• Replace polluting near end-of-life autorickshaws with electric
• Clean, noise and emission free transportation for the residents
Support Requested
 Financial
o Govt subsidy (~Rs 50k) to the auto owner to retrofit to swap-compatible auto
o 25 % subsidy as per Maharashtra EV policy (Maximum upto Rs. 10 lacs)
 Policy & Administrative
o Administrative support from local governments (Pune, Nagpur, Aurangabad, Kolhapur)
o No re-registration for the retrofit vehicle
o Issue a fresh fitness certificate for the vehicle
o Allocation of space at railway stations, local stations, bus stations and petrol pump
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 Operating economics for drivers for CNG auto
New Petrol Auto New Diesel Auto New LPG Auto New CNG Auto Swap- Retro-fitment
Upfront Cost ₹ 1,80,000 ₹ 2,10,000 ₹ 1,80,000 ₹ 2,20,000 ₹ 1,00,000
Subsidy -- -- -- --
Central (FAME I) -- -- -- -- ₹ 30,000
Sate (Proposed) -- -- -- -- ₹ 50,000
-- -- -- --
Net cost after retro-fitment -- -- -- -- ₹ 20,000

Loan ₹ 1,26,000 ₹ 1,47,000 ₹ 1,26,000 ₹ 1,54,000 ₹0

Over all running cost per day

-EMI+Insurance ₹ 178 ₹ 208 ₹ 178 ₹ 218 ₹ 20
-Energy ₹ 404 ₹ 290 ₹ 211 ₹ 118 ₹ 240
-Maintenance ₹ 48 ₹ 72 ₹ 40 ₹ 72 ₹ 30
Total Cost per day ₹ 630 ₹ 570 ₹ 429 ₹ 408 ₹ 290

Savings per day after Swap retrofit ₹ 340 ₹ 280 ₹ 139 ₹ 117
Savings per month after Swap
retrofit ₹ 10,208 ₹ 8,423 ₹ 4,199 ₹ 3,537 -
Savings for 7 years ₹ 8,57,546 ₹ 7,07,571 ₹ 3,52,739 ₹ 2,97,152

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