Making

Carbon-free
Transportation
Efficient
Affordable
Accessible

CONFIDENTIAL
Do Not Circulate
Presentation for Altigreen Partners
 ● Bangalore-based Founded by a t e a m of
experienced global
● Champion of carbon-
professionals passionate
free transportation
W ho We Are a bout EVs.
● Designs world-class
Electric Vehicles and Deep expertise across
drivetrains technologies.

● Special focus on Altigreen aims to ma ke

emerging markets EVs economical, a n d
accessible for t he masses.

CONFIDENTIAL
Not for Circulation
CONFIDENTIAL
 Amitabh Saran Lasse Moklegaard
PhD (Computer Science) from PhD (Control Engg) from UCSB;
The UCSB; 31 years’ of software,
technology and corporate
22 years’ experience in building
and integrating control systems,
Founders leadership roles with TCS, including for Ford, Mack Trucks,
Philips, NASA, HP, and TriVium. military vehicles, John Deere and
Last Founder/CEO of Cessna/Lear jets. Worked with
Buzzintown, acquired by Cambridge University, Pacific
Experts in the Yatra.com in 2012. Scientific, Aker and DISTek.
fields of motors,
controls, and
software.
Based in India
and the US. Shalendra Gupta John Bangura
MBA from IIM (A); 32 years’ PhD (Electrical Engg) from
experience in finance, Marquette; 25 years in high
commercial, business performance motors and
development and electronics in aerospace and
manufacturing. Worked with SBI hybrids for Kawasaki, Rolls
Capital Markets, Deutsche Bank, Royce, Goodrich, Boeing, Airbus,
Siemens and BCH Electric. Bombardier and military.
Worked with Black & Decker,
Alltrade, Pacific Scientific,
Hamilton Sundstrand/UTC
CONFIDENTIAL
Leadership Team
Core team's expertise is drawn from Organizations known for their excellence
Debashis Mitra - Sales, Service, Parts & Marketing
Arun Maheshwari – IT and Telematics
Automotive Industry Veteran of 28+ years, he has held executive
Industry Veteran of 40+ years experience in IT domain with senior
positions in firms such as Mercedes Benz, Toyota & Greaves Cotton
leadership positions for companies like HP, Trivium, Intel.
handling end-to-end business functions with profit centre responsibility.

Girish Lobo - HR Col. Sharad Nigam – Operations & Supply Chain

Prior to joining Alitgreen he was Director HR at Delta Electronics. He has A Technology driven Ex Defense professional with a post-graduation
worked in Core, Automotive and Electronics giants such as Bosch, from IIT Delhi having over 30 years of experience in Operations; Delivery
Toyota, Essilor and Kirloskar. management & Project management.

Indranil Bhattacharya – Vehicle Dynamics, CAE Rahul Karaangale - Production

25+ years of experience and sundry industries like Heavy Machinery, 24+ years’ of diversified experience with major Automotive OEMs in
Automotive and Engineering Service Provides such as Ingersoll Rand, different roles varying from Program Management, New Product
Tata Elxsi, Maruti Udyog and Mahindra & Mahindra, Tata Technologies. Planning, Facility & Equipment Planning, Quality Assurance, Validation
Key area of expertise is in Vehicle Durability and NVH. engineering, Production assembly and machining.

Prathamesh Patki - Homologation, Emebedded Software

Joju Chodon - Electronics
18+ years of experience in embedded software development for
Electronics Product Design expert with 23 years of experience. He has Aerospace and Automotive domains & worked in companies like L&T
previously worked with L&T, V Guard , UTAS and Securaplane and John Deere before joining in Altigreen in 2013.

CONFIDENTIAL
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 Everything Designed & Developed In-House
Designed / Developed / Tested over 8 years.
Altigreen’s No component imports.
Offering
● Drivetrain: ● R&D Team:
Steel to Wheel Built for t h e specific Expertise in Motors,
n e e d s of India Controls, Transmissions,
26 Global Telematics, BMS
● Motor:
Patents granted With complete test ● Vehicle Assembly:
including 6 in the
facilities With complete RLS
USA and in Europe,
Vehicle Dyno testing
Australia, South Asia ● Power Electronics:
and Africa facilities
All EV com p o n e nts
● Lithium Battery:
Battery design, a n d All components, and completed vehicle is
Management System homologated and approved by ARAI.
CONFIDENTIAL Fully compliant with FAME-II guidelines.
Not for Circulation
CONFIDENTIAL
 INTRODUCES
Electric 3-Wheeler ▪ L5 Cargo

CONFIDENTIAL
Do Not Circulate
Highest Volumetric Efficiency with 177 cu ft Container and Longest On-Road Range

neEV Flatbed neEV Low Deck neEV High Deck

181 km 151 km 151 km

ARAI Certified Range o n Single Charge

* ON-Road Range with 550 kg Payload and Slow-moving City Traffic is 120 kms.

CONFIDENTIAL
neEV HDX Extended Deck – Only One in India – Can Carry 100 to 145 Packets

Box W: 1588 m m Box L: 1920 m m

630 m m Dimensions

Box Vol: 177 ft 3

Box H: 1645 m m
Height: 1700 m m

Clearance: 220 m m
Wheelbase: 2140 m m

Overall Width: 1525 m m Overall Length: 3400 m m

Altigreen’s Last-Mile Cargo Trials With 3PLs

► Location : Bangalore Pilot

► Duration : 2 to 3 weeks
► Payload
○ Upto 550kg + Driver
○ 110 - 145 Medium & Large Sized
Packages
○ 24 Sacks
► Range
○ 55km in One shift with 40% Battery
consumption
○ Can drive another 80km until full
discharge
○ Capable of doing 2nd shift easily
Altigreen’s Last-Mile Cargo Trials With 3PLs

► Location : Hyderabad
► Date : Dec-21
► Payload
o Driver + Co-driver
o 100 packets upto ~300 kgs
o 23 sacks upto ~400 kgs
► Payload
o 50 kms covered with 40%
Batt. Consumption.
o Capable for additional 70-
80kms until discharge.
Robust Build-up of Commercial Vehicle to Operate at Extreme Temperatures, Water-Logged
and Heavily Potholed Indian Roads
Large 177 ft 3 type
approved box. Fits
Exterior 1 of 2 upto 140 delivery
items

Branding opportunity
Curved windshield o n five sides of the
with 180° view of the box
road
Large, extended,
adjustable side
mirrors
Lockable cabin with
doors a n d windows.
Safety for valuables.
No down time in LED indicato rs
harsh weather

Full metal body.

Rugged, yet
inexpensive to
tinker/repair
Dual front
suspension a n d
helical springs for
stable, smo o th ride Front disk brakes for
better braking
Robust Build-up of Commercial Vehicle to Operate at Extreme Temperatures, Water-Logged
and Heavily Potholed Indian Roads

Exterior 2 of 2

Transaxle with Large, closed

individual container loadbay
suspensions a n d with 177 ft 3 volume
helical springs for
rear wheels provide
excellent stability
Full LED tail lamp
4.5 x 12 - 8PR Wide cluster with reverse
tubeless radial tyres buzzer
for superior road-
Best-in-class ground
grip
clearance (220 mm)
Altigreen Developed Console

Wiper: Heavy-duty
Cabin Interior
DC-motor b a s e d

Large 5 inch digital

display with all critical
information

Lockable glove box

Conveniently located
Boost / Reverse /
Drive mo d e selector

Ergonomic controls

Handbrake: dual-
ch a n n e l
Large Dashboard with All Critical Info
Ground-Up Design of Chassis Suited for EV Cargo Application

Powerful mo to r
easily climbs steep
Electric Drivetrain gradients, flyovers,
a nd b a s e me nt ramps
with a loaded vehicle,
especially from
stationary state

Electronics

Ce n trally place d
11kW-h Li-ion battery
for very low CG a n d
stability. Provides
exceptional 150 km
range p er charge

Gearbox
All neEV Variants - Specs 1-of-3
Electric 3-wheeler (L5 cargo) with Altigreen Long Range drivetrain has the following specs:

Spec Value Benefit

Motor Peak power 8.25 kW Higher power = more speed. Allows easier overtaking

Motor Peak torque 45 NM Diesel 3W have 23 NM

Single speed reduces driving complexity. No clutch, no gear change. EVs provide
Single Speed, Fixed
Transmission high torque. 810 NM on wheels is best-in-class. Pull high loads on steep gradients
Ratio 18:1
with ease.

Controller type Closed loop FOC High efficiency (96%) with in-built safety, and fine control.

DCDC Converter
300 W Adequate for full electrical load of vehicle. Ensures 12V battery is never drained.
(48V- 12V)

Gradeability (GVW Highways, bridges and flyovers range 3.3% to 6%. 17% allows for ease of climbing
17%
for moving vehicle) even up building basements

Max. speed 53 kmph High speed enough for city roads and suburban traffic-free stretches

Battery type Lithium / LFP Spec for adverse conditions incl higher temperature (60°C) of operation

Battery Voltage 48 V 46V-56V

Battery capacity* 11 kWh Best in class, ensuring no range anxiety

All neEV Variants - Specs 2-of-3
Electric 3-wheeler (L5 cargo) with Altigreen Long Range drivetrain has the following specs:

Spec Value Benefit

IDC Distance per

151 km Standard Indian Drive Cycle, with vehicle and 150Kg load
charge*

On-road range
120 km Based on pilot testing with loaded vehicle in slow moving traffic.
per charge*

Able to charge from the household 220V/16A socket. Full battery charge in 3.5
Charger 3000 W
hours.

Regenerative braking Yes Conserves energy, increases range. Reduces brake pad wear. Required for FAME.

Twin coil-spring with

3-Wheelers are prone to tipping over during a high speed turn or on uneven
damper (Front).
Suspension roads. Independent suspension, instead of rigid axle, reduces that risk. Improves
Independent suspension
safety.
with coil-spring (Rear).

Wheel base 2150 mm Good distribution of weight between front and rear. Disk brake for stability.

Closed Load
177 ft3 Approx 145 packets for delivery. 50% larger than competitors.
body volume**

Turning radius 3000 mm Tight U-turns on narrow roads

All neEV Variants - Specs 3-of-3
Electric 3-wheeler (L5 cargo) with Altigreen Long Range drivetrain has the following specs:

Spec Value Benefit

Vehicle gross weight 950 kg

Payload 550 kg #

Parking brake Handle Lever Type Sturdy throttle with adjusted tension

Instrument cluster Digital Large display. LED indicators. Mode switches. Proactive alerts.

● GPS tracking, cradle to grave

● Per second recording of speed, battery, temperature and other critical
parameters
Telematics Mobile and web-based ● Proactive alerts to driver during faulty operation
● Service guidance and recovery to-dos
● View of all vehicles aggregated in a fleet
● Recording and reporting of historical data

Safeguard valuables (documents, cash, phone). Avoid downtime even in harsh,

Doors Lockable doors with windows
rainy conditions.

Brake Lights, Indicators LED High intensity yet low power consumption

Windshield Type Laminated glass For a 180° view of the road. Large, extended/adjustable wing mirrors.
Altigreen Vehicle Analytics For Critical Information Flow to Driver/Fleet Operator

Energy
GPS based maps Provides energy consumption data for
Route information of old trips, can be each trip. Also analyses and gives data
integrated with good delivery information across drivers, routes and vehicles.
database of customers on request

Data Integration Alerts

API to integrate vehicle data Alerts for over-speeding faults,
with Fleet management vehicle disable, low battery
system if the 3PL so desires

Vehicle and drive parameters Driver Rating

Calculates mean/max vehicle Reduce vehicle maintenance costs Monitors and analyses driver
speed, acceleration, battery Real time tracking of vehicle sensors behaviour and provides rating
voltage per drive/vehicle. and performance; generates proactive to drivers,
reminders to prevent repairs
Altigreen Vehicle Analytics For Critical Information Flow to Driver/Fleet Operator
 Electric Drivetrain

● Full control o n
supply-chain

● Extensive testing in
lab, motor-dyno,
vehicle dyno, a n d on-
road

● Safety protections
a n d thermal
ma n a g e me n t

● All co mp o nents
individually Type
Approved at ARAI

● IP67 & EMI/EMC

Approved

● Motor/Gearbox ma d e
by Altigreen, Tested
to over 230 o C
In-House Manufacturing of Critical Components & Vehicle Assembly

Vehicle Assembly Motor & Transmission

ONFIDENTIAL Drivetrain Manufacturing Clean Room Final QA Line

Altigreen Presence in India

• Vehicles On Road across 8 Cities

• 25,000+ kms covered on older Vehicles
• Over 12 Months of Last Mile Deliveries
• Avg Up-time of On-Road vehicles is over 95%

Our Clients

23
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
37 Authorized Service Centers Across Major Cities

Authorized Service Centers in :

Service Presence
• Delhi / NCR
• Bangalore
• Mumbai
• Chennai
• Hyderabad
• Kolkata
• Ahmedabad
• Pune
• Jaipur

643 7
58
2
1 Geographically well spread
Service outlets in all the cities
Altigreen Support Services

Service & Maintenance

• Comprehensive Service Schedules
• 3 yr / 5 yr AMC options available

Road-side Assistance
• On-site Repairs
• Towing

Warranty & Insurance

• Comprehensive Warranty for 36 months or 1,00,000 kms whichever is earlier.
• All Electrical and Electronics parts
• Includes Battery
• Excluding consumables
• Vehicle Insurance – All India Coverage

PROPRIETARY AND CONFIDENTIAL 25

Vehicle Prices and Commercial Terms

NEEV HDX
Vehicle Model
(with 177 cu ft container)

Vehicle Basic Price Rs. 4,76,000

GST @ 5 % Rs. 23,800

Less FAME II Subsidy (Rs. 92,000)

Ex-Showroom Price Rs. 4,07,800

Charger 48V/3kW (incl 5% GST) Rs. 19,950

Note :
• Vehicle registration & Insurance additional to above prices
• State govt subsidy for Delhi (Rs. 30,000) claimed directly post registration.
PROPRIETARY AND CONFIDENTIAL
Vehicle Prices and Commercial Terms

Terms :
• Advance: 25% of Net Price, along with each order.
• Payment: Full payment (less advance paid) against pro-forma invoice, before dispatch.
• Minimum order quantity: 10 vehicles per dispatch to a single location.
• Additional Transportation charges for part load shipment may be applicable for qty below MoQ.
Delivery :
• 6 to 8 weeks from date of receipt of advance and PO.

Warranty :
• Warranty against defects in materials or workmanship (normal wear and tear/accident/theft/vandalism excepted)
until the earlier of 3 years or 1,00,000 kilometres, on vehicle and battery. Warranty does not include consumables
like Fuse, Brakes, Belts, Tyres, Glass and Lubricants

PROPRIETARY AND CONFIDENTIAL

Altigreen Ramp-up & Delivery Lead Times
New Factory : Enhancing Production Capacity from 6000 units/annum to 40,000 units/annum

• Location : Bangalore 12000 10000

• 3 lakh sq ft area 10000
8000
• Annual Capacity : 40,000 units 6000
6000
4000 2500
2000
0
Q2 FY23 Q3 FY23 Q4 FY23

Delivery Lead Times

• The Below Figures Are The Max Lead Times With Current Component Supply Visibility.

Month Lead Time

Apr-May-22 8 weeks
Jun-Jul-22 6 weeks
Aug-22 4 weeks
Sept-22 onwards 2 weeks
PROPRIETARY AND CONFIDENTIAL
 ● We qualify for
FAME-II Subsidy –
highest in segment
● We qualify for Local
Altigreen Assurance State Government
Subsidy
● W e organize trials on
special request

● You get a Peace-of-

Mind experience

CONFIDENTIAL
 Thank You! www.altigreen.com

CONFIDENTIAL