E-Mobility+ Feb-March Issue 2022

F E B - M A R

POWERING

SMART,

ELECTRIC,

EFFICIENT

2 0 2 2

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V O L U M E

3

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I S S U E

MOBILITY

PERSPECTIVE

IS INVESTMENT

IN EV SECTOR MOVING IN AN UPWARD TRAJECTORY LIKE 2021?

OPINION

FEATURE TALKS

2022 VS. 2030

SUHAS RAJKUMAR

- Gopalakrishnan VC, Director Automotive, Govt. of Telangana

THE CHALLENGES WERE GETTING THE PEOPLE TO BELIEVE THAT INDIAN COMPANIES CAN BE BEST AT R&D, BUILDING THE TEAM, AND RAISING OUR FIRST ANGEL ROUND."

A Reality Check

Founder, and CEO, Simple Energy

www.emobilityplus.com

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CONTENT INDIA NEWS

POLICY DEBEIEF

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04 IN CONVERSATION

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08

20 SUHAS RAJKUMAR Founder, and CEO, Simple Energy

UDAY NARANG Founder, and Chairman, Omega Seiki Mobility

JEETENDER SHARMA Founder & MD, Okinawa Autotech

OPINION

FEATURE TALKS

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06 SHASHIKIRAN NK Managing Director, Arushi Green Energy ( India ) Private Limited

2022 Vs. 2030: A Reality Check

SNEHASHIS DAS Head of Digital Products & Services Mobility Cloud Platform, Bosch

COMPANY FEATURE 34 36

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FIMER

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Dassault Systèmes RAVIN MIRCHANDANI Chairman, Ador Digatron

GUNDURAO MR Product Manager at FIMER

PERSPECTIVE

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25 The Road to Excellence: How the Indian States are driving the EMobility sector: Policy Updates & Analysis of the Key States

28 Is Investment in EV Sector Moving in an Upward Trajectory like 2021?

What are the projections and likely trends ahead?

How Are Futuristic Technologies Creating Differentiation in The Perception Of the Automotive Market?

THE CHAMPIONS CORNER | 32 ELECTRIC VEHICLES

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FEB-MAR ISSUE 2022 | PG 03

INDIANEWS PARTNERSHIPS DICV Partners With CERO To Boost BharatBenz New Truck Sales Servotech & JSG Enters Into A Formal Association To Achieve Big In The EV Space Omega Seiki Mobility With Zyngo To Deploy 1,500 E-3W Cargo Vehicles In India Fortum Charge & Drive India Partners With BSES Yamuna Power Limited To Launch First Of Its Kind Pilot Project On Load Balancing In India Hero MotoCorp And BPCL Join Hands To Electrify India ibis To Install EV Charging Stations With Magenta Hero Electric Partners With ALT Mobility To Deploy 10,000 Hero Nyx By 2023 EVRE With GoMechanic To Install EV Charging Facilities Park+ And goEgoNetwork To Deploy EV Charging Solutions Three Wheels United With Euler Motors To Deploy 1000 Electric Three-Wheelers In India Oye Rickshaw Partners with RevFin for Financing E-rickshaw Batteries Tata Power To Deploy EV Charging Stations With Apollo Tyres

BUZZ IOCL To Set Up 1,000 EV Charging Stations In India BikeWo Acquires Munim App to Pave the Way towards Nationwide Growth and Expansion Shadowfax To Have 75% EV Fleets By 2024 Fleely Energy To Enter EV Three Wheeler Fast Charging Territory Aurangabad To Get 200 EV Charging Stations Hero Electric To Offer Discount On E-Scooters With SBI

FEBRUARY-MARCH 2022

BPCL Launches EV Fast-Charging Corridor On Chennai – Trichy – Madurai Highway ETO Motors deploys three-wheeler EVs’ at the ‘Statue of Equality’ inaugurated by Prime Minister, Shri Narendra Modi in Hyderabad Ather Energy Signs MoU With Karnataka Govt, Commits To Install 1,000 Fast Chargers Across The State NDMC To Invite Bids For ‘App-based Rental E- Scooter’ Project BharatBenz Inaugurates New Dealerships In Pune, Nashik And Satara

NEW LAUNCHES MG Motor India Launches Car Exploration Platform, MG eXpert Oben Electric To Launch A New Vehicle Every 6 Months For 2 Years GoZero Mobility To Launch Its E-Bike In North East India Mahindra Enters The E-cart Segment With The Launch Of eAlfa Cargo

FUNDING EVC Global Seeks Angel Funding For Installing 10,000 EV Charging Stations Battery Swapping Network, Chargeup, Raises USD 2.5 Million In Pre-Series A Round Led By Capital A and Anicut Capital Capital A Launches $10 Million Fund For EV Ecosystem EVC Global Seeking Angel Funding to Install 10,000 EV Charging Stations in India by 2022 Okinawa Autotech Plans to Raise ₹1000 Crore for Doubling Capacity to 2 Million Reliance To Invest Rs. 50.16 Crores In Altigreen Hero Electric Collaborates With Axis Bank For EV Financing

POLICYDEBRIEF CENTRAL GOI To Expand Public EV Charging Infrastructure Centre Approves 20 Auto Companies for PLI Scheme MoHI Supports 2,31,257 EVs Under Phase-II of FAME India Scheme Till 1st February, 2022 Government To Bring Battery Swapping Policy

STATE Goa Notifies EV Infra Charging Policy 2021 Assam To Get 200 E-buses Within A Month Maharashtra Launches ‘Mumbai EV Cell’ With WRI India Madhya Pradesh To Launch Its EV Policy In March-April

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Delhi Starts Scrapping Of Old Vehicles And Procuring EVs Govt Bodies Have 1 In Every 5 Electric-Four-Wheelers Chandigarh Approves The “Draft EV Policy 2022 Delhi Govt To Set Up EV Charging Stations At Govt Offices Delhi Starts Registration Process Of Centres For Retrofitting Of Vehicles Maharashtra To Offer Incentives For Electrification Of Delivery Fleets NMC Identifies 106 Locations For Setting Up EV Charging Stations Delhi Installs First Private EV Charging Point Karnataka To Install 1,000 EV Charging Stations Delhi To Release Guidebook For Installing EV Charging At Malls Odisha To Give 15% Subsidy On EV Purchase

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| FEATURETALKS SNEHASHIS DAS Head of Digital Products & Services - Mobility Cloud Platform, Bosch Please tell us about how Bosch is shaping the new era of digital & connected mobility?

Bosch has always been at the forefront of technology innovation for the mobility domain. As the mobility industry enters a new era of digital and connected services the use cases are also extending to the entire life cycle of a vehicle. In 2022, while Bosch is celebrating 100 years in India, we have conceptualized & recently launched the Mobility Cloud Platform (MCP); a launchpad and ecosystem for developing, implementing, and scaling IoT enabled digital products for new age connected mobility solutions. With the Mobility Cloud Platform, Bosch India also has kick-started its journey towards Mobility Store, a one-stop shop for all digital mobility needs.

Can you elaborate on the Mobility Cloud Platform? What are the solutions and benefits it provides?

MCP is the core of the Mobility Store which has all the building blocks & services that any startup, SME or enterprise needs to build IoT enabled mobility solutions or digital transformation. An innovative method of development allows them to focus on their key features and differentiators whilst leveraging the expertise of Bosch for building their digital products rapidly and in a cost-optimized manner. It also helps them achieve economies of scale, leverage the technical & business collaboration opportunities in our ecosystem and benefit from a newer approach in problem solving.

That sounds exciting. What are your offerings on Mobility Cloud Platform? What is your roadmap for the EV segment?

The vision of the MCP is to create a level playing field and nurture the ecosystem that has the potential to foster innovation in the mobility domain in its entirety. In line with this vision, MCP offers services in three categories: Infrastructure Services where we curate & orchestrate cloud Infrastructure for Customers with our expertise in Mobility, Peripheral Services which includes Operations, managed DevOps and Business & technical collaborations and the core of our platform is our Software Services, where

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In an insightful interview with EMobility+, Snehashis Das, Head of Digital Products & Services - Mobility Cloud Platform, Bosch told us about how the company is shaping the new era of digital & connected mobility. He gave us insights about the Mobility Cloud Platform(MCP) and how can an EV ecosystem player benefit by partnering with MCP.

we have built ready to use middleware compatible with multiple cloud service providers. All these services immensely enhance the capabilities of Customers to focus on innovation.

How do you see the technology landscape evolving in the mobility domain and what can we expect from Bosch in 202223?

The natural course for MCP is to bring segment-specific offerings and we are working with our partners in the EV ecosystem, especially in areas like EV charging & connected batteries. As we partner with more players in this domain, MCP creates tech stacks and services catering to the emerging requirements of the EV domain.

In my view, as an industry we have mature technologies; the challenge remains in the adaptation of these technologies to solve mobility use cases. Personally, I think for the next 10 years in India, IoT enablement & blockchain based solutions will play a greater role. Democratization of protocols and frameworks is also important. MCP is actively engaging and collaborating with start-ups & niche players to create solutions for the future. Bosch’s motto is “Invented for life” and participation in efficient, environment-friendly, sustainable mobility is a natural way forward for us.

Can you explain with a use-case how can an EV ecosystem player, say an EV charging startup, benefits by partnering with the Mobility Cloud Platform?

There are a few areas where we have made inroads and jointly worked on use cases. As a platform, we are able to standardize the common tech denominators through readyto-use tech-stacks and software services like device management, FOTA & certificate management. We are able unify Connected EV charging points or batteries across cloud service providers with MCP specifications & middleware. It has created the opportunity to cross collaborate and innovate newer business models for our Customers or Partners.

FEB-MAR ISSUE 2022 | PG 06

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INCONVERSATION

Jeetender Sharma Founder & MD, Okinawa Autotech How is the EV Sector Doing Right Now In India?

India's automobile sector is the world's fifthlargest, with plans to become the thirdlargest by 2030. The Indian Electric Vehicle Market was valued at USD 1434.04 billion in 2021 and is predicted to grow at a CAGR of 47.09 percent to USD 15397.19 billion by 2027. (2022 - 2027). Regardless of the country's lofty goals, India's electric vehicle industry is still in its infancy. However, when viewed from a different perspective, India is the world's greatest unexplored market, particularly in the two-wheeler segment.

Under the automatic approach, 100 percent foreign direct investment is permitted in this sector. The growing number of green number plates on Indian roadways is the clearest indication of new vehicle customers' growing preference for electric vehicles (EVs). Though the number of vehicles sold across the country still constitutes a tiny part of the entire automobile market, it is increasing steadily.

Being One of the prominent OEMs in the 2W segment, how has been the journey so far for you? How do you see the EV 2W segment's growth in the next 5 years?

Our journey has been a rollercoaster ride since the past five years of inception. We started our business when EV was close to a myth in the Indian market and here we are today, one of India's most preferred EV twowheeler brands. In the upcoming years, we foresee huge growth in the segment. We believe EV financing especially will make its way through for Electric-2- Wheeler,s which will be a key enabler for increasing the adoption of Electric Vehicles around the globe. Attractive economics and government pushes have already significantly increased demand for Electric- 2- Wheelers and the industry is expected to grow significantly, as we foresee.

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EMobility+ got an exciting opportunity to interview Jeetender Sharma - Founder & MD, Okinawa Autotech and learned about the electric 2W company’s journey so far, their business model, and his views on the government's new battery swapping policy initiative. He also spoke about 3 key technology developments which are the major drivers for the EV market in the country.

In Your opinion which is the most accessible/ targeted market for the growth of 2w EVs in India? Can you please brief us about your business model?

You are one of the OEMs who is into 2 wheelers with detachable batteries. What is your opinion on the government's new battery swapping policy initiative?

In India, the most accessible target market for EV two-wheelers is Genration-Z and Millennials. The youth in the country is the most aware generation about the environment which actively participates in taking measures against global warming, greenhouse effect, pollution, fossil fuels, and so on. Okinawa is very well associated with empowering the youth as well as the elderly too in the family. Our agenda is to provide an experience irrespective of age and gender.

We design our products accomodating the needs of every individual, whether you need speed, comfort, or style.

To begin with, it is a very cost-effective solution, as battery swapping takes only a few minutes against the hours that a regular battery charging process takes. It is conceivable to maintain EVs operating long distances and improve their priceperformance ratio, making them profitable for transportation firms, by constructing battery swapping stations around the country. In India, for example, the e-rickshaw industry was one of the first to use batterychanging procedures. It has been shown that e-rickshaws that choose for battery switching can increase their operational range dramatically and practically double their daily revenue output. Apart from that, battery management and replacement account for a significant chunk of EV maintenance costs. The battery changing mechanism, on the other hand, The swapping service provider covers the expense of purchasing or managing the batteries, and car owners simply have to pay for each swap. When people buy EVs without a battery, the vehicle's initial cost is lower, and annual maintenance is less expensive. This allows EV owners to break even in a significantly shorter period of time, and commercial profitability is nearly equal to that of IC engines but without hazardous emissions.

FEB-MAR ISSUE 2022 | PG 08

INTERVIEW |

Which are the 3 key technology developments you see as the key drivers for the EV market in the country?

Environmental reasons, government legislation, and the need to change how we power personal mobility are driving the EV industry to move away from combustion technology at a rate never seen before. Engineers are attempting to make the shift from combustion to electric as painless as possible, and these three technologies, in particular, could help.

Solid-State Batteries Solid-state batteries, as the name implies, use solid electrolytes, which are demonstrably safer and support higher energy density, allowing for greater capacity and range. The technology isn't quite there yet. Lithium metal anodes, which are commonly used in solid-state batteries, are prone to causing dendrite formation, which can have unfavorable side effects that diminish the battery's lifespan and safety.

In-wheel motors Motors are highly efficient, simple (in comparison to a combustion engine's many moving parts), and capable of producing massive levels of power and torque, allowing them to be scaled simply depending on the application.

The steering capability is enabled through a rotating interface that sits above the main arm of the corner module. The rotating interface's top is attached to the vehicle, while the bottom is attached to the module arm. The electric steeringby-wire unit is mounted above the interface, with the axis pointing down to the wheel's bottom.

Control cables for the motor, hydraulics and pneumatic ride height controls are routed down the module arm from the bottom rotating interface and attached to a second static interface within the hub and into the wheel motor unit. The entire component set rotates with the arm module as it revolves through 360°. As a result, there are no twisted or stressed connections or wires. So in urban environments, for delivery vehicles or autonomous taxi pods, in-wheel electric motors could offer flexibility that centrally placed motors may not be able to.

P4 electric drives OEMs must reduce costs if they are to begin the transition of consumers from gasoline-powered automobiles to electric vehicles. It's possible that using a P4 electric drive architecture will be crucial. P4 systems combine the inverter and electric motor into a small transmission module that applies torque to the axle and sends it straight to the wheels while also recovering energy during braking.

The integrated technique saves money and simplifies and reduces the expense of delivering either front-wheel drive or all-wheel drive. GKN, a Tier One supplier, anticipates that yearly production of P4 electric drive systems would reach roughly 13 million units by 2026, with P4 systems accounting for the majority of e-mobility growth in Europe and China over the next decade. Single-speed setups are projected to account for 94% of total volumes.

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FEB-MAR ISSUE 2022 | PG 09

INCONVERSATION

Uday Narang

Founder, and Chairman, Omega Seiki Mobility What is your view on India's EV mission? How Omega Seiki Mobility is playing its part in it?

With the launch of market-defining products and determined efforts from Government and corporate entities in advancing demand and shoring up charging infrastructure, India’s Future for EVs is very bright. In the next five years, 70 to 80% of two-wheelers will be electric, whereas, adoption for electric three-wheelers will be 60 to 65%. The ICE vehicle is slowly and steadily losing its sheen. People say the future is electric, I say the present is electric! There is going to be a significant change and the momentum towards EVs will grow even faster.

Omega Seiki Mobility is indeed part of this change from the beginning. Omega Seiki Mobility believes in creating sustainable mobility solutions with an integrated approach to connecting automobiles and society. The brand’s focus is to eventually create a clean ecosystem with eco-friendly, safe, and congestion-free mobility. OSM is one of India’s leading clean energy mobility solution incubators. The electric vehicle manufacturing company aims to fast-track future mobility, with green energy at its core, by implementing data-driven, smart engineering.

Omega Seiki Mobility has been growing its product line up and manufacturing footprint rapidly in India. The company is the first OEM to have 2,3 and 4 electric vehicles in its product portfolio. The company has set up large-scale manufacturing facilities in Delhi NCR and now looking to expand in Pune.

The company is a leading last-mile service provider under its brand “UNOXpress”. The company is currently running its fleet in 20 cities, doing more than 10 lac Km per month.

In an interesting conversation with EMobility+, Uday Narang, Founder, and Chairman, Omega Seiki Mobility spoke about India’s EV mission and Omega Seiki Mobility’s major contribution to it. He also gave us insights into the present EV market, government policies, and how the EV market growth in India can be further accelerated.

How do you see the evolving EV market? Is it on track? What more can be done?

Right from the year 2012, the Indian Government has been taking continuous steps to develop and promote EV ecosystem in the country, witnessed from National Electric Mobility Mission Plan (‘NEMP’) to the introduction of the Faster Adoption and Manufacturing of EVs scheme (‘FAME’) on the consumer side and Production-linked Incentive Scheme (‘PLI’) for Advanced Chemistry Cell (‘ACC’) as well as for Auto and Automotive Components manufacturers on the supplier side. The EV market is continuously evolving in terms of new participants. But the key part is that new and significant players are being part of the EV space with new technologies, especially in the last mile and EV components segments.

What is most important is that the traditional players have now realized that EVs are the future, so the market is on track, and it’s not only just on track, The EV Market is in an acceleration mode.

India could be the hub for exporting the largest amount of EV Components to the rest of the world. So more investment, more government involvement in terms of subsidies in facilitating the EV Market is what the market needs more to evolve the EV Space.

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As far as the 3W market is concerned, which are the key segments you target that can drive the sectoral growth?

In the three-wheeler EV space, we are targeting the commercial vehicle segment.

Currently, Omega Seiki Mobility stands second in terms of sales in the commercial vehicle L-5 category. With the gradual increase in fuel prices and prices further to go north amid Ukraine Russian conflict and even the second alternative to ICE engine, CNG, which also does not seem like a lucrative option. As a result, the commercial vehicle driver’s income is getting squeezed by the day, given the situation EV is the only answer.

We see good growth in the cargo space, specifically in the three-wheelers electric segment so that will be our prime target segment. Omega Seiki Mobility's key segment for future sectoral growth will be electric four-wheelers commercial vehicle space, we will be soon launching our entire range in 1.5 ton, 3.5 tonnes, and 6.5 tonnes payload capacity electric trucks in India. We believe there's only one solution for the auto sector which is EV in the short term and longterm hydrogen technology for bigger vehicles. So green energy now and blue energy in the next 4 to 5 years for heavy vehicles like buses and trucks.

FEB-MAR ISSUE 2022 | PG 10

INTERVIEW |

What is your take on current government policies towards the EV segment? What more could be done?

If you had a choice, which are the 3 things you would pick that you think could accelerate the pace of the EV market growth?

Automotive consumer behavior is highly responsive to governmental policy incentives and regulations. Smart policies could speed up EV adoption. The result could lead to a transition to green manufacturing, competitive strength, and long-term reduced costs of transportation ownership for the average consumer.

The number one thing that will accelerate the EV sector is financing. The PSU banks, State Banks should start financing electric vehicles. We are making a big push towards it by launching an electric vehicle finance subsidiary christened – Anglian Finvest for Omega Seiki Mobility customers to avail financing options. The company has already dispersed more than INR 10 crore worth of loans. The credit facility is the primary concern for the EV market to grow.

The Government not just only at the central level, but also at the state level has been very supportive towards the EV segment. The Government can help more in infrastructure government for EVs by providing subsidies to help not only the Electric Vehicle OEMs but also providing sops to EV Component makers such as the battery, transmission, Motor technology, etc.

Lastly, I would like to add, the Government should set an example by completely changing its ICE engine fleets to EVs across segments from Garbage trucks to its fleet of Government official vehicles.

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Secondly, The Government should support setting up more charging infrastructure so that electric vehicles can run smoothly and efficiently.

The last and final pick to accelerate the pace of the EV market growth in India would be, there is a huge requirement for EV’s Tier-II, Tier- III cities. And there is a need for more policies towards providing EV solutions in these cities for agriculture, farming, mobility, etc.

THE EV MARKET IS CONTINUOUSLY EVOLVING IN TERMS OF NEW PARTICIPANTS. BUT THE KEY PART IS THAT NEW AND SIGNIFICANT PLAYERS ARE BEING PART OF THE EV SPACE WITH NEW TECHNOLOGIES, ESPECIALLY IN THE LAST MILE AND EV COMPONENTS SEGMENTS."

FEB-MAR ISSUE 2022 | PG 11

OPINION 2022 Vs. 2030: A Reality Check 2022

2030

How is India doing?

GOPALAKRISHNAN VC DIRECTOR AUTOMOTIVE, GOVT. OF TELANGANA

Targets India has set a target of net-zero greenhouse gas emissions by 2070.

An ambitious target enroute is to reduce emission intensity by 45% from the 2005 levels, by 2030. Since coal-fired energy (~70% of overall electricity generation) is a major contributor (33%) to overall GHG emissions, the renewable energy share (currently 157GW) has been targeted at 500GW by 2030.

The transport sector, identified as the fastest-growing source of Carbon emissions, contributes 13.5% to GHG emissions. This has led to very strict vehicle emission norms in India – Bharat Stage VI and CO2 emissions under Corporate Average Fuel Efficiency to be less than 130g/km till 2022 and less than 113g/km post-2022.

To achieve these stringent vehicle emission norms, the transition of power train fuel to electric and other green ones was inevitable.

Specific targets like – 30% of private cars, 70% of commercial vehicles, 40% buses, and 80% two-wheelers to be electric by 2030 – are aimed directly at the electric vehicle penetration goal.

Are these targets set right?

Over the years, due to industrialization, GHG emissions in every country has gone up so drastically that it has started warming Earth by a few degrees. Paris Agreement (COP21 in 2015), signed by 192 countries and the European Union, legally binds them to commit to reducing their emissions so as to keep the temperature rise to within 1.5degC. India currently ranks 3rd (after China and the US) in CO2 emissions (2.46 billion metric tonnes). It is only appropriate to have ambitious targets in the long term to decelerate (if not bring down) the emission levels in the short term.

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To achieve the larger targets laid out, the live trend should always lie within the goals for a short term. To say that India is completely on the right path to achieving these targets would be a false claim. Overall emissions should not be the criteria to adhere to stricter norms but emissions per unit of economic growth should be apt to understand holistically the bigger picture of developing countries like India, is also a valid argument and this could also be giving higher priority to businesses and a step-motherly treatment to the targets and their implementation. To quote an example, the intermediary goal for 2022 was to achieve 175GW of renewable energy capacity (without including nuclear and hydro); we are currently at ~105GW. We did lose a couple of years to the pandemic but had we shown more discipline and steady progress in achieving this goal, there would have been no ounce of doubt about achieving the larger ones. Similarly, every industry will have its own progress report, let us look at the Electric vehicle space closely.

Electric Vehicles – a status report To understand the current status of where we are on our spree to realize EV goals, we need to dig deeper. The growth of EV sales in India has been ~7% annually over the last 5years. Overall vehicle sales have taken a hit due to pandemic but the share of EVs have consistently improved. If we take a look at the statistics provided by CEEW, it is very clear that the 2-wheelers and 3-wheelers are going electric faster than passenger and commercial vehicles. This is attributed to a higher preference of personal mobility (2-wheelers) and higher operational efficiencies (3-wheelers), complemented by the adoption incentives from State and Central governments. These two segments together contribute ~96% of EV sales.

Electric passenger and commercial vehicles do not have enough takers currently due to fewer models to choose from, lack of charging infrastructure, and high purchase price combined with the dull economy creating lower opportunities for transport logistics and lower disposable income. The overall EV share among all vehicles sold is currently only 1.6%. The segment-wise EV shares also do not look very encouraging when compared to the 2030 targets.

EVs – a sprint or a marathon?

The confusing economic signals due to pandemic also have affected the strategy of aiming towards one (2030) long term target. It is time this is broken up into two or three ambitious, at the same time achievable, goals.

FEB-MAR ISSUE 2022 | PG 12

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| FEATURETALKS SHASHIKIRAN NK Managing Director Arushi Green Energy ( India ) Private Limited How is the year 2022 progressing for Arushi Green Energy? What goals are planned for this year?

As far as our Solar PV Division is concerned the Year 2022 began with a bang by bagging a prestigious order from the Indian Institute of Science -a new science city of India at Challakere campus.

The EV Charging Division has large goals to achieve in 2022; our efforts over the past year are bearing fruit and we are finding more and more interest in joining as Channel Partners/ Operating Partners. The Revenue Share model is the attractive feature in this Model.

The inquiries are coming from across the country and we are looking forward to a PanIndia footprint in the next six months.

Please tell our readers about the EV charging services you offer.

The type of charger that is available has to suit the requirement of the customer, In apartment complexes where the EV is parked overnight, the charger can be AC and the time taken for full charge can be 8 or 9 hours.

In public parking spaces, the customers might look for Fast Chargers that can don the full charge within 0.30 to 3 hours maximum before they need to use the car so there should be a choice of both Fast & Rapid Chargers. On the highways, the EV Charger has to provide Charging at a fast clip, the time that a traveler has a stopover for a snack or refreshment. Rapid Chargers/Ultrafast chargers are best suited to cater to this section of the consumer.

THE CHALLENGES WERE GETTING THE PEOPLE TO BELIEVE THAT INDIAN

In an interesting conversation with EMobility+, Mr. Shashikiran NK, Managing Director, Arushi Green Energy ( India ) Private Limited spoke about the company’s progress and goals for 2022. He gave us details about the EV charging services the company offers, their USPs, and their existing widespread network across the country.

What are the USPs of your offerings?

We have the range of EV Chargers to suit the requirements and we will be having a combination of Fast, Ultra Fast, Rapid Chargers, Quick Chargers.

Arushi Green USP will be a seamless payment system anywhere, anytime!

But the unique offer of Arushi is that it comes with the offer of integrating Solar Rooftop PV system, there are two advantages; one is that Grid Tariff is increasing year on year, with Solar your cost is fixed for 25 years and there is no uncertainty in return of investment. The second advantage is that ‘Environmental’ concerns are addressed by integrating solar with EV Charger. Environmental activists have the ready argument that EVs have to be charged with the Electricity produced which will anyway increase the pollution, but delinking the power required from the conventional power plants will result in reducing pollution as well, which is the prime driver behind faster adoption of EVs.

What is your view on the present EV charging infrastructure in India?

India is a vast country and we are at present at the nascent stage of EV growth, the limiting factor that EVs have is the range it can cover on a full charge, but if, as planned, the spread of EV Chargers is as ubiquitous as today's Petrol & Diesel Bunks then people will switch to EVs wholeheartedly.

How is your presence currently spread in India? Any expansion plans?

We have activated a network of associates to help service our customers across the country. When fully activated we will be able to offer our services across the length and breadth of the country. We have a firm belief that we will be able to scale operations in a short time and provide business and employment opportunities to a large number in India.

COMPANIES CAN BE BEST AT R&D, BUILDING THE TEAM, AND RAISING OUR FIRST ANGEL ROUND."

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| FEATURETALKS RAVIN MIRCHANDANI Chairman, Ador Digatron

What is your view about the present EV charging environment in India?

There has been a sea change in every aspect of EV charging in India. Within 2 years from April 2020, we have seen targeted government incentives to facilitate a massive roll-out of charging infrastructure, clarity on charging protocols that India will adopt, a breathtaking rollout of new charging stations by both CPOs and PSUs and significant investment by VC, PE, and angel investment in the charging infrastructure sector.

We entered the lockdowns of 2020 with a myriad of charging protocols and increasingly it is becoming evident that CCS2 will be the mainstay of 4 wheels charging in India. Several companies now manufacture or assemble fast chargers in India and there continues to be a large amount of import being done from China as well, both in CKD. SKD formats and completely built-up units. The market will evolve towards 80% AC slow charge (home, office and destination charging) and 20% DC fast charge (express & highway charging).

What makes this sector exiting today is the difference that start-ups are making – for example, Numocity with its customer management software, Exponent with both its unique battery management system software as well as completely path-breaking rapid fast charring for 4 wheelers, EV Box for high-quality resilient AC charging in India, ChargeZone, Sunfules, Relux, Zeon and ChargeGrid in the Charge Points Operations segment. They are the ones truly moving our sector forward, bringing not just new technology, but truly changing the face of India.

2-wheeler charging will likely see some interesting consolidation with a unique Indian leadership on fast charging evolving between Ather and Ola. Also, unlike other parts of the world, battery swap will continue to have a use case in India and consequently, there will be a large investment in battery swap infrastructure for 2 and 3 wheelers in the next 2 years.

EMobility+ got an exclusive chance to interview Mr. Ravin Mirchandani, Chairman - Ador Digatron and learned about the present EV charging environment in the country. He gave us details about Ador’s made in India Quench EV chargers and their unique Energizing India Podcast. He also spoke about where Ador wants their business to be in the next 5 years.

Your Quench EV charger is Made in India, for the World. We would like to know more about these chargers and their specialties.

We spent 2 years engaging major global players to try to license their technology to make in India. The discussions got nowhere, and, in many ways, these companies did us a favor. When the great lockdowns of 2020 were put in place, we decided to set up 3 teams to make India’s first 100% Atmanirbhar fast charger. We put together a street furniture design team, a DC converter and controller software team and a power electronics team, all of whom worked concurrently to create our first proto unit – the Quench within 4 months. From there, we moved within 5 months to launch production on 26 January 2021. We decided early on that we will build a charger that is born global, targeted at the European and US markets in addition to India. So naturally, we

designed for CCS2 and CHAdeMO with an AC fast charge 22KW capability. The mainstay of the chargers is a 2-gun CCS2 unit. Our chargers today are 60KW and 120KW, both ARAI approved. In 2022 we will also launch our 150KW, 180KW and 240KW ranges. The Quench range has been built for challenging Indian road conditions and resilience is the keystone of every design element. Quench is therefore perfectly suited for incredibly difficult environments such as Australia, South Africa and the Mahgreb countries.

The Ador Digatron charger is called the Quench and the brand now has its own identity with its website and balance sheet.

By late 2022 we will also be exporting CKD kits to our manufacturing plants in the EU and USA – which will mark the first time in the automotive industry where Indian technology has been exported in CKD format for assembly elsewhere, something that we can all be proud about.

It’s a good time to be a part of the changes happening for all types of mobility in India.

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FEB-MAR ISSUE 2022 | PG 16

FEATURETALKS | How do you see 2022 playing a key role in addressing the obstacles in India's EV journey?

As part of our Energizing India podcast, we are fortunate to have the opportunity to speak with major opinion leaders and decision-makers in the EV sector in India.

There is a consensus amongst industry leaders that 2022 is the year we address a crucial domino to unblock growth in this sector – which is financing. Startups need the major push this year to fund their plans with rocket fuel, PSU plans to roll out infrastructure requires allocation of budgets and there needs to be a concerted effort to educate the banking sector so that loans and leasing for new EV vehicle acquisitions can be funded as part of a regularized funding process.

The 2-wheeler and 3-wheeler sectors have seen an incredible amount of product launches. However, if you want to buy an electric car or bus today – there are precious few choices. The chicken and egg story on which comes first infrastructure or vehicles is nonsense today – as the capability charge exists and is growing – it is now time for the industry to make the bold moves to clean the air in our cities and launch new models that have a hidden pent-up demand. We believe that the present cycle of new CAPEX for city driving 4 wheelers is likely the last that will be a natural ICE decision. When the vehicles being procured in 2022 come up for replacement the natural choice will be an EV.

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How did you come up with the idea of Energizing India Podcast? What is it that you are aiming for with the same?

We realized a few years ago that the EV sector is working in silos and each silo is developing at its own pace with minimal inputs from the EV ecosystem. Regulators were making decisions independent of the reality on the road. EV makers were struggling with lithium-ion battery pack supply and BMS design. Cell packing companies were making decisions independent of OEM requirements. CPOs were unclear what protocols to invest in for the future – whether DC001 will survive, whether the Chinese GBT standard will dominate India etc. The Energizing India podcast features conversations with key decision-makers and opinion leaders in the EV sector in India to create a narrative on what needs to happen to facilitate faster adoption of electric vehicles in India. We have featured CEOs of major OEMs, regulators, policymakers, India’s chief scientist responsible for technological development in the EV sector, even key media personalities as well as users and leaders from the finance industry. It's been a fun ride with so many learnings and I am glad we leaned into the unknown and created this podcast. Energizing India has an amazing production and research team now that puts out a world-class podcast every month with a listener base that keeps growing.

Where is Ador Digatron looking to take the business in the next 5 years?

We clearly want to be recognized as the company that developed resilient worldclass charging technology for EVs in India that took this to the world and has been accepted as one of the key players in the charging infrastructure sector, manufacturing our chargers in India, the EU, and the USA. We are very excited about the future of our sector and our own place in our sector.

SEVERAL COMPANIES NOW MANUFACTURE OR ASSEMBLE FAST CHARGERS IN INDIA AND THERE CONTINUES TO BE A LARGE AMOUNT OF IMPORT BEING DONE FROM CHINA AS WELL, BOTH IN CKD. SKD FORMATS AND COMPLETELY BUILT-UP UNITS."

FEB-MAR ISSUE 2022 | PG 17

| FEATURETALKS GUNDURAO MR Product Manager at FIMER Please give us an overview of FIMER’s charging solutions provided in India.

FIMER is a global leader in solar inverter technology and in e-mobility solutions. With one of the broadest portfolios of solar and storage solutions for all solar applications, we shape the future of renewable energy.

For us investing and working in the solar and e-mobility sectors is a strategic choice for building a better world to leave to future generations. Active in EV solutions since 2017, we have supplied over 54,000+ Charging Stations globally.

We have developed two lines of charging stations (both DC and AC) taking advantage of our experience in the development of inverters. Our line of products, FLEXA and ELECTRA, are designed to meet the diverse needs of users, who are seeking solutions for private, public and commercial use.

FIMER FLEXA is an AC charging station line, including AC WallBox and AC Station, suitable to charge, one or two vehicles at the same time, both with power up to 22kW. FIMER ELECTRA is the next-generation fast charger for electric vehicles, both in DC and AC (up to 150kW DC and 43kW AC).

FAST CHARGING (DC): ELECTRA DC Station FIMER ELECTRA DC station is the best solution, in public use areas (service stations, highway network, distributors, large retail chains, railway stations, airports) where fast charging is Required. Easy to install and maintain, customizable on request, FIMER ELECTRA DC Station ensures high power output and maximum efficiency. A whole concept of flexibility around you, from cable type (CHAdeMO, CCS, T2) to power output level (from 60 kW to 150 kW DC and up to 43 kW AC) all available on the three plugs simultaneously. FIMER ELECTRA can be customized on request with colors, display layout and stickers according to the technical and graphic needs of the customer.

FIMER ELECTRA DC Station is specifically designed with a modular architecture to ensure easy maintenance and spare parts management.

In an exclusive chat with EMobility+, Mr. Gundurao MR, Product Manager at FIMER gave us a detailed overview of their charging solutions and monitoring systems for the same. He also spoke about the recent installations done by FIMER in India and the full fledged availability of their charging solutions globally.

AC CHARGING SOLUTIONS: FLEXA AC Wallbox

AC CHARGING SOLUTIONS: FLEXA AC Station

FIMER FLEXA AC Wallbox is the wallmounted EV charging device designed for residential and private parking with public access applications and it can be installed also on a dedicated stand. FIMER FLEXA AC Wallbox is easy to install and offers different configurations, depending on connectivity features (Stand Alone, Inverter Net or Future Net models), power output (from 3.7 kW to 22 kW) and the type of connection to the vehicle (Type 2 cable, Type 2 socket or Type 3A socket). FIMER FLEXA Wallbox has a case and packing made from 100% recycled materials.

FIMER FLEXA AC Station meets different commercial & public application needs: in fact, it represents the best solution to be installed in private parking, such as at condominium or in a company, or in public use parkings, such as hotels, hospitals, gyms, restaurants, shopping centers etc. FLEXA AC Station can charge in alternating current up to two electric vehicles at the same time, each at a maximum power of 22 kW. It is available in three models: Stand Alone, Local Controller, Future Net.

FIMER ELECTRA CAN BE CUSTOMIZED ON REQUEST WITH COLORS, DISPLAY LAYOUT AND STICKERS ACCORDING TO THE TECHNICAL AND GRAPHIC NEEDS OF THE CUSTOMER."

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FEB-MAR ISSUE 2022 | PG 18

FEATURETALKS |

Do you have any monitoring mechanism for EV chargers?

FIMER E-Mobility is a digital platform developed to enable the control and management of charging stations. Available in Desktop and Mobile version, FIMER EMobility offers the possibility to manage and monitor the charging stations, to configure the infrastructure, to geolocate the charging stations on maps updated in real-time and to acquire and analyse the diagnostic data of the stations.

Key features: Remote control of charging stations, via smartphone or computer Geolocation of charging stations located in the area Checking charging station availability Management of all charging stations Contract management

Through the FIMER E-Mobility platform it is possible: To easily configure, manage and monitor all charging stations To geolocate the charging stations on maps updated in real-time and check their status (free, busy, booked, out of order) Link RFID cards with each device or contract To acquire and analyse EVSE diagnostic and consumption data

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With the user App of the E-Mobility platform, the user is able to manage his own charging via App and: To geolocate available charging stations, Choose the nearest one and book it, Get directions to the selected charging station (via Apple Maps, Google Maps), To start and stop the charging sessions, To monitor the status of charging sessions

What are the products/services you offer for the Southeast Asian market?

All the solutions from FIMER are available globally and in South-East Asian markets including Sri Lanka, Nepal & Bangladesh, and other Asian countries.

FOR US INVESTING AND WORKING IN THE SOLAR AND E-MOBILITY SECTORS IS A STRATEGIC CHOICE FOR BUILDING A BETTER WORLD TO LEAVE TO FUTURE GENERATIONS."

How have the installations been in India recently for your company.

We have started with FIMER FLEXA AC Wallbox installations in India. We have recently commissioned a 7.4kW AC EV charger in Ahmedabad. It is located at the “signature-1 “building on SG highway in Ahmedabad, Gujarat. In 2021, FIMER supplied its REACT 2 inverter and AC charger for the Indian Institute of Science (IISc, Bangalore) “Zero-emission EV station” powered by Solar PV at IISc at Bengaluru campus. We have also delivered and supplied a few AC Wallboxes to Nepal, commissioned by Kushal Projects.

FLEXA AC Wallbox 22 kW which has been installed at Deltin hotel & Casinos, Kathmandu, is one of the first EV chargers to be installed in Nepal.

What can we look forward to from FIMER this year?

We have the FIMER FLEXA AC Station 2.0 coming soon, which brings new functionality to our AC charging station.

FIMER is also working on the development of new products to meet all market needs, thus completing the range of products and services already in our portfolio; stay tuned!

FEB-MAR ISSUE 2022 | PG 19

INCONVERSATION

Suhas Rajkumar Founder, and CEO, Simple Energy

How did the idea of Simple Energy originate and what challenges did you face in the early stages?

Simple Energy was conceptualized to address three primary concerns that an EV would face: range anxiety, charging time, and affordability. The brainchild of Suhas Rajkumar, the company was started to build affordable and smart electric vehicles that are superior to industry standards by incrementally innovating what's already available to provide the best of the best features, and making it affordable to all strata of people. The challenges were getting the people to believe that Indian companies can be best at R&D, building the team, and raising our first angel round.

Do you have any plans of venturing into the 4W space?

How do you see the current electric 4W segment in India?

Yes, we do have 4W plans on the table. But, this would happen at a later point in time as we are currently focused on getting our flagship scooter- The Simple One into production and commencing deliveries. The electric 4W segment is at a very nascent stage. For it to mature would take solid Indian-made products to be made and those vehicles priced equal to the petrol 4W in the market.

Please give us the important highlights of Simple One. How does it stand out with respect to the competitors?

The Simple One- is a complete #builtinIndia electric two-wheeler.

Most of the components like the powerful motor, longlasting battery, powertrain, aesthetically balanced design, and so much more have been developed by us (in-house). It also has the longest range amongst all the other electric two-wheelers in the country. Simple One can do 0-40kmph in 2.95 seconds, which was a hair quicker than most of the powerful scooters in the industry. Coupled with the large 4.8kWh battery pack, the One could go a claimed 236km in IDC on a single charge. It has a removable battery pack and has fast charging capabilities as well. The Simple One also comes with an optional

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In an exciting interview with EMobility+, Suhas Rajkumar, Founder, and CEO, Simple Energy Spoke about the origination of the company, the key highlights of 2W Simple One and their plans of venturing into 4W space. He also told us about the company’s plans for the next 5 years. battery pack that allows a rider to travel 300+km. Available in 4 colors Namma Red, Brazen Black, Grace White, and Azzure Blue; the scooter is priced at Rs 1,09,999 (exshowroom) for 236km range and Rs 1,44,999 (ex-showroom) with the optional battery for 300+ km range.

Tell us about your recent collaboration with Siemens to drive digital transformation in the EV space.

The company recently joined hands with Siemens Digital Industries Software to develop e-mobility solutions. Under the new partnership, Simple Energy will be adopting Siemens’ Teamcenter X, a cloud-based Product Lifecycle Management (PLM) software, which will help the start-up establish a strong digital foundation for its emobility solutions. PLM technology will deliver consistent and rich product definition to further fuel its target to achieve manufacturing excellence, top quality products, and R&D standards.

What are your goals for the next 5 years? How do you see your company evolving?

The next five years look busiest for us at Simple. We have signed an MoU with the Tamil Nadu Government to build the world's largest electric two-wheeler factory. This factory will be located at Dharmapuri, TN. We aim to make Simple One available across all pin codes in the country and look at other international markets entry too. We also have new projects in the pipeline (two-wheelers), we will also be venturing out into the 4W space in the near future.

THE CHALLENGES WERE GETTING THE PEOPLE TO BELIEVE THAT INDIAN COMPANIES CAN BE BEST AT R&D, BUILDING THE TEAM, AND RAISING OUR FIRST ANGEL ROUND."

FEB-MAR ISSUE 2022 | PG 20

PERSPECTIVE The Road to Excellence: How the Indian States are driving the E-Mobility sector: Policy Updates & Analysis of the Key States

India’s EV market is expected to grow at a compounded annual growth rate (CAGR) of 90 percent in this decade to touch $150 billion by 2030, as per a recently released research report. In terms of penetration, EV sales accounted for just 1.3 percent of total vehicle sales in India during 20-21. However, the market is growing rapidly and is expected to be worth more. India's shift to shared, electric and connected mobility could help the country save nearly one gigatonne of carbon dioxide emissions by 2030. The Indian states have a huge role to play in achieving this target. In India, many states have come up with their EV policies and some are in the draft stage. Every state should create a policy by being innovative and unique in its approach. Each state has its own unique selling proposition (USP), which it offers because of demographics, talent pool availability, existing infrastructure, and state-level regulatory environment (effective single-window approvals, etc.). However, it should also be noted by states, that they should be flexible in incorporating the feedback from industry, environmentalists, and citizens even after launching the policy. This will lead to a constant process of learning and improving. Other states preparing the policies should apply this learning to avoid the delay in implementation. We asked some of our experts to provide an analysis of some of the key states’ EV policies and here is what they had to say…

DR. PARVEEN KUMAR SENIOR PROGRAM MANAGER, WRI INDIA

spurred on by the Indian government’s initiatives including the FAME-II scheme and the recent PLI scheme for the manufacturing of batteries with Advanced Chemistry Cells (ACC). Providing further impetus to the EV transition are state governments with their state-specific EV policies.

Between 2017 till now, 20 out of 28 Indian states have either notified or drafted their EV policies whose focal point has been on creating consumer demand for EVs through additional incentives, whilst some states have focused on strengthening EV and battery manufacturing base, related research & development, and employment generation.

MS. ANSHIKA SINGH PROGRAM ASSOCIATE, WRI INDIA

BY THE END OF 2021, DELHI, TELANGANA, RAJASTHAN, KARNATAKA, AND CHANDIGARH REMAINED THE TOP STATES/UTS WITH

As Indian cities grapple with air pollution from rising vehicular traffic, urban mobility is at the cusp of a historic transformation into a more sustainable form with e-mobility. With every passing day, electric vehicles (EVs) are inching towards the mainstream automobile market,

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THE HIGHEST NUMBER OF PUBLIC CHARGING STATIONS INSTALLED."

FEB-MAR ISSUE 2022 | PG 21

PERSPECTIVE Incentives for supply and demand side of Electric Vehicles (EVs) On the initial road to an EV future, states including Telangana, Andhra Pradesh, and Tamil Nadu adopted an investor-friendly approach to make their states a preferred destination for EV and component manufacturing. They brought in incentives such as capital subsidies, tax exemptions and reimbursements, and the provision of interest-free loans to incentivize EV manufacturers. While on the other hand, several states have shifted their focus towards the most worrisome factor of the EV purchase cost. In addition to the direct purchase subsidy in the range of 28-44% of an EV’s cost from the central government under the FAME scheme, some states have announced additional purchase subsidies which further reduces 10-16% of EVs cost and addresses the issue of high upfront acquisition cost.

In 2021, the top 5 states in terms of share in EV registration included Uttar Pradesh (~20%), Karnataka (~10%), Tamil Nadu (~9%), Maharashtra (~9%), and Delhi (~8%). Delhi and Maharashtra are among frontrunners in springing EV adoption with the introduction of liberal financial and non-financial incentives including purchase subsidies, vehicle scrappage incentives, and exemptions from vehicle registration and road tax. Maharashtra’s groundbreaking battery buyback incentive for e-2Ws and e-3Ws further bolsters consumers' and financial institutions' confidence in the new EV technology and encourages lenders to provide EV-specific loans.

Charging Infrastructure Deployment Charging infrastructure is the backbone of electric mobility and a lack of it is one of the key professed barriers for Indian consumers to shift to EVs. To tackle this, several state governments have made 360-degree efforts to make their cities EV ready with capital subsidies, bare minimum land rentals, earmarking public parking spaces, and involvement of public-private partnerships for charging infrastructure deployment. Moreover, buyers in Delhi and Maharashtra purchasing EVs (without batteries) fitted out with a battery swapping model are being given 50% of the purchase subsidy to promote usage of battery swapping as an alternative charging option. By the end of 2021, Delhi, Telangana, Rajasthan, Karnataka, and Chandigarh remained the top states/UTs with the highest number of public charging stations installed.

On-point of Implementation and Increasing sustainability Among states with EV policy, Delhi and Maharashtra have taken several steps to fast-track the implementation of the policy. Delhi’s vision towards reaching a 25% sales penetration by 2024 for EVs is supported by grass-root level implementation with its single-window clearance system, electrification mandates on delivery operators, and a corpus fund generated from levying taxes on polluting vehicles. While Maharashtra’s EV vision rests on mandates for public transportation & fleet operators and city-specific targets for EV charging infrastructure.

Additionally, few states have introduced innovative measures to accelerate EV adoption and create a sustainable EV ecosystem. Assam and Telangana have introduced retrofit incentives to convert existing fossil fuel-powered three-wheelers (3Ws) into an e-3W at one-third of its purchase price while also reducing the environmental footprint of manufacturing a new e-3W. Moreover, Assam is enabling a more sustainable supply chain of batteries by promoting reuse of end-of-firstlife EV batteries as power banks to store renewable energy, and recycling of end-of-life EV batteries by providing remunerative prices to EV owners.

Summary India’s aspirations to achieve a 30% EV sales target by 2030 is anchored on strong government support at the national and state level. The multi-pronged approach and a clear vision adopted in several state EV policies provide a roadmap for local implementation plans to stimulate EV adoption. Besides, these policies bring in a hoard of opportunities to further strengthen the EV ecosystem in India with enabling action on manufacturing of EVs, directions for re-use, and recycling of EV batteries that simultaneously stage India as a self-reliant global EV leader.

DELHI AND MAHARASHTRA ARE AMONG FRONTRUNNERS IN SPRINGING EV ADOPTION WITH THE INTRODUCTION OF LIBERAL FINANCIAL AND NON-FINANCIAL INCENTIVES INCLUDING PURCHASE SUBSIDIES, VEHICLE SCRAPPAGE INCENTIVES, AND EXEMPTIONS FROM VEHICLE REGISTRATION AND ROAD TAX."

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FEB-MAR ISSUE 2022 | PG 22

PERSPECTIVE DR. VINAY KANDAGAL

IN JANUARY 2022, DELHI RECORDED A 136% YEAR-ON-YEAR

RESEARCH SCIENTIST AT CSTEP

GROWTH IN EV SALES (8.1% OF ALL NEW SALES IN THE MONTH). AMONG THE VEHICLE TYPES, ELECTRIC TWO-

SPURTHI RAVURI SENIOR RESEARCH ENGINEER AT CSTEP

WHEELERS ACCOUNT FOR MORE THAN HALF OF THE EV SALES, FOLLOWED BY E-RICKSHAWS. THE DELHI TRANSPORT CORPORATION RECENTLY GOT ITS FIRST E-BUS AND IS SET TO DEPLOY 300 E-BUSES IN THE COMING MONTHS."

India today has over 9 lakh registered electric vehicles (EVs). The efforts to promote EVs primarily include demand-side incentives—at both central and state levels (in accordance with their respective policies), setting up EV-charging infrastructures within major cities and along major highways, a stimulus to electric-bus adoption by different state transport undertakings, and boosting local manufacturing of essential parts through the production-linked-incentive scheme.

The Central Government’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme—a major initiative in the EV space—provides incentives largely on the basis of vehicle battery size. But certain states like Delhi, Maharashtra, West Bengal, Bihar, and Assam offer additional incentives in the range of INR 5000 to 10000 per kWh of the battery. Many states offer exemption (up to 100%) from vehicle registration and road tax as well, under their respective EV policies.

The Delhi Government has been leading the efforts to promote EVs, with the aim of reducing vehicular pollution. As their earlier policy failed to achieve the expected EV-uptake rate, a new approach was adopted and a new EV Policy was notified in 2020 for three years. This policy seeks to drive large-scale EV adoption to achieve a 25% share in all new vehicle sales in 2024, through purchase incentives, scrappage incentives, waiver of road tax and registration fees, charging infrastructure mandates and grants, and special electricity tariffs. Such policy push, coupled with increasing fuel prices, has led to a surge in EV sales. In January 2022, Delhi recorded a 136% year-on-year growth in EV sales (8.1% of all new sales in the month). Among the vehicle types, electric two-wheelers account for more than half of the EV sales, followed by e-rickshaws. The Delhi Transport Corporation recently got its first e-bus and is set to deploy 300 e-buses in the coming months.

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Uttar Pradesh (UP), Karnataka, and Maharashtra are the main contributors to the overall EV sales. Maharashtra’s recent EV policy, released in 2021, is seen as one of India’s most customer-friendly policies. It provides demand-side incentives of INR 5000 /kWh for electric two-wheelers, three-wheelers, and cars, and a 10% subsidy on ex-factory costs for electric buses. Mumbai’s local transport body, Brihanmumbai Electric Supply, and Transport or BEST leads in e-bus adoption, with over 380 e-buses currently plying within its jurisdiction.

The body plans to add about 1900 more e-buses. Karnataka has recently amended its policy to attract investors to the EV sector, as per media reports, and Bengaluru has signed a deal to deploy 90 electric buses for last-mile connectivity within the city, with plans to get another 1,500 e-buses under the Centre’s ‘Grand Challenge Plan’. UP's EV Policy (2019) aims to have 10 lakh EVs by 2024. The state has the highest number of EV registrations at over 2 lakh units, as of December 2021.

Several other states like Tamil Nadu and Telangana have notified policies that focus on supply-side incentives such as capital subsidies, GST reimbursements, and tax exemption for battery, vehicle, and charger manufacturers. While these states have emerged as EVmanufacturing pioneers, they could not achieve their EV-adoption targets due to a lack of demand-side encouragement. This shows that EV adoption is driven largely by demand-side incentives. However, though demand-side incentives have increased EV adoption in many states, the lack of expansive infrastructure remains a challenge in accelerating the transition. The Government of India’s upcoming initiatives to encourage EV-charging business models and the anticipated Battery Swapping Policy may play a crucial role in changing the narrative of EV adoption in India.

FEB-MAR ISSUE 2022 | PG 23

PERSPECTIVE PREETESH SINGH MANAGER, NOMURA RESEARCH INSTITUTE CONSULTING AND SOLUTIONS

SHRAVAN BHANOT SENIOR CONSULTANT, NOMURA RESEARCH INSTITUTE CONSULTING AND SOLUTIONS

The Government of India & state governments introduced a set of fiscal and non-fiscal incentives to support the adoption of electric mobility. The road to transformation for electric mobility in India started

in 1994 with India's first electric vehicle REVA. MNRE launched the Alternate Fuels for Surface Transportation Programme in 2010 with INR 95 Crore budget as the first step to promote electric vehicle penetration in India. A major policy boost followed this through National Electric Mobility Mission 2020 (NEMMP 2020) in 2012. The movement has become stronger with the announcement of FAME (Faster Adoption and Manufacturing of (Hybrid &) electric vehicles in 2015. The FAME has been revised in the form of the 2nd phase in 2019 (FAME II) which is extended in 2021 by 2 years. The recent permission by the Ministry of road transport and Highways for the sale of electric 2W & 3W without a pre-fitted battery is another milestone for the transformation to electric mobility. However, along with the policy push, there is a need to promote awareness of electric vehicles to stimulate demand and also develop charging infrastructure. While there has been a consistent push from the central government for long, the much-awaited policies at the state level are pacing up recently.

India has devised a 3 pillar strategy to promote local manufacturing ecosystem development for EVs – FAME-II restrictions, Import Restrictions & Fiscal Incentives or PLI to address import dependency issues and support local manufacturers to develop the capacity to make and scale the EV components. The overall idea is to achieve maximum localization of components for which India has or can develop the capability with the Government's support and OEMs investment in EV. Around 15 Indian states have either drafted or notified state Electric Vehicle (EV) policies in the last 4 years. The vision of these EV policies at the state level is twofold. One objective of the states is to make themselves the preferred destination for the most-awaited component manufacturing industry in India. The second objective is the overall objective to increase EV adoption in their respective states. In line with the above objectives, states have categorized their subsidies into industry incentives, consumer demand incentives, and charging infrastructure incentives. A few incentives in terms of demand and supply of a few key states are been listed down.

State EV policies vary widely in their scope and scale in terms of validity. Most policies are announced with a validity of five years. Delhi's EV policy is valid for only three years while the validity is 10 years for Telangana.

Different departments in different states handle these policies. The department of industries is a common nodal agency responsible for the formulation and implementation of the EV policy in several states. In Kerala, Punjab, and Delhi, these are being led by the transport department. In Madhya Pradesh, the nodal agency is the urban development and housing department. Despite different paths, the ultimate goal of these state governments is to complete the task of actual implementation of policies and programs to enable the transition to EVs. States, too, see opportunities for economic growth & industrial development in the nascent e-mobility which motivates them to launch individual state-level policies and implement central-level schemes & policies.

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FEB-MAR ISSUE 2022 | PG 24

PERSPECTIVE Is Investment in EV Sector Moving in an Upward Trajectory like 2021? What are the projections and likely trends ahead?

India’s tryst with EVs is more than two decades old. However, the adoption has taken time to gain pace leading to fewer investments in the sector. As the adoption started picking up pace, the Covid pandemic impacted the industry.

Though the industry did slow down, the pandemic did not deter the interests of investors. The collective investment made by electric 2W, 4W, component makers, electric commercial vehicles, and last-mile delivery companies was recorded at more than 25k crores in the first seven months of 2021! Following concerted efforts by the Centre and state governments and a policy push, EVs have started whetting investor appetite. A recent research report has predicted that the electric vehicle market is likely to attract investments of Rs 94,000 crore over the next five years.

India’s commitment to the EV30@30 initiative in order to reach a 30 percent sales share for EVs by 2030 presents a cumulative investment opportunity of as large as INR 19.7 lakh crore ($US266 billion). There has been a recent increase in public budgetary allocations and corporate investment in EVs in order to achieve this. Not to forget, EV startups are attracting significant venture funding due to their product and business model innovation, capturing as well as creating the market opportunity presented by EVs. The scenario only looks positive and brings in the hope that the upward investment trend is likely to continue going forward as well.

SUMIT MITTAL CFO, GREENCELL MOBILITY PRIVATE LIMITED

India has historically been a substantial importer of fossil fuels which has contributed to increasing pollution. India’s pledge to reach net-zero carbon emissions by 2070 at COP26 is contributing to India’s recent policies to speed up the transition to e-mobility, especially in the transport sector which is currently the third-largest emitter of CO2 (18% of total energy consumption).

THERE IS A RENEWED FOCUS AND It is widely accepted that the global automotive industry is undergoing a paradigm shift towards alternative fuel options. The Indian automotive industry which is the 5th largest in the world and projected to be the 3rd largest by 2030 is leading this change. Indian policymakers are at the forefront of this change by focussing on a future that is “Shared, Connected, and Electric”.

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EMPHASIS ON INVESTMENTS IN THE ELECTRIC VEHICLE INDUSTRY WITH 100% FDI UNDER THE AUTOMATIC ROUTE, NEW MANUFACTURING HUBS, AND INCREASED PUSH TO IMPROVE CHARGING INFRASTRUCTURE." FEB-MAR ISSUE 2022 | PG 25

PERSPECTIVE India’s commitment to the EV30@30 initiative which aims for 30% of all vehicles on roads to be EVs presents a cumulative investment opportunity of as large as USD 266 billion till FY30. The recent increase in budgetary allocation (FAME-II), National charging policy 2022, PLI schemes in automotive, and advanced battery chemistry are just a few of the initiatives in this regard. These targets, if achieved, could lead to a net reduction of 14 exajoules of energy and 846 million tons of CO2 emissions over the deployed vehicles’ lifetime.

According to an independent study by CEEW-CEF, the EV market in India presents a USD 206 billion opportunity by 2030 which would require a cumulative investment of over USD 180 billion in vehicle production and charging infrastructure. India needs ~3 million chargers to meet the requirement for ~100 million EVs that could ply on its roads by 2030. India’s battery demand is likely to go up to 150 GWh by FY30 requiring more than USD 12 billion investment in battery manufacturing. Towards this, India has seen investment announcements totaling ~USD 7 billion in CY21.

EV sales in India have increased more than 168% to ~ 3 lac in CY21 with 2W and 3W accounting for ~96% of the same. There is a renewed focus and emphasis on investments in the electric vehicle industry with 100% FDI under the automatic route, new manufacturing hubs, and increased push to improve charging infrastructure. Moreover, in Sept’21, a production-linked incentive scheme for the automotive sector was approved by Cabinet to boost the manufacturing of electric vehicles and hydrogen fuel cell vehicles.

NITI Aayog and other think tanks are also advocating other policy measures such as a priority sector lending tag for electric vehicles which will catalyze substantial investments in EVs. India has already rolled out an e-AMRIT portal which will function as a one-stop destination for all information on EVs addressing key concerns such as charging facility locations, EV financing options as well as information about investment opportunities, government policies, and available subsidies for drivers and manufacturers.

In May 2021, Govt. rolled out a Production-Linked Incentive Scheme (PLI) for ACC Battery Storage Manufacturing, which will incentivize the domestic production of such batteries and reduce the dependence on imports. This will support the EV industry with the requisite infrastructure and will significantly cause a reduction in the cost of EVs. There have also been positive developments in the expansion of charging infrastructure across the country, especially in states like Delhi, Maharashtra, Andhra Pradesh, Uttar Pradesh, Telangana, etc. which are setting impressive targets for the deployment of public charging infrastructure to increase uptake of electric vehicles in the country.

Govt. is also focussing on investments in battery energy storage, green hydrogen, etc. to meet the increase in demand for electricity which is likely to be about 100 terawatt-hours or about 4% of the total power generation capacity. There is a huge ocean of investment opportunities in the Indian EV market including OEMs, battery manufacturing, charging infrastructure, green hydrogen, etc. and the years ahead will demonstrate the attractiveness of India as an alternative fuel market while furthering larger goals of positive environmental impact as well.

THE INDIAN AUTOMOTIVE INDUSTRY WHICH IS THE 5TH LARGEST IN THE WORLD AND PROJECTED TO BE THE 3RD LARGEST BY 2030 IS LEADING THIS CHANGE. INDIAN POLICYMAKERS ARE AT THE FOREFRONT OF THIS CHANGE BY FOCUSSING ON A FUTURE THAT IS “SHARED, CONNECTED, AND ELECTRIC."

| INDIA

FEB-MAR ISSUE 2022 | PG 26

PERSPECTIVE DEV ASHISH ANEJA AVP & SECTOR LEAD, AUTOMOBILE, AND ELECTRIC MOBILITY SECTOR, INVEST INDIA

ABHISHEK BANSAL INVESTMENT SPECIALIST, AUTOMOBILE AND ELECTRIC MOBILITY SECTOR, INVEST INDIA

Additionally, with the battery swapping policy getting announced in the recent budget- we are witnessing an increased amount of investor interest from the EV infrastructure space. This investor interest is a good mix of Indian and foreign companies who are looking to set up swapping infrastructure across major cities of India and State capitals.

We are also working with several venture capital funds & family offices based out of India and overseas who are looking to invest in Indian EV assets. We are seeing a good amount of traction from these funds across areas of vehicle manufacturing especially targeted towards B2B use cases.

Electric vehicles (EVs) are expected to play a central role in attaining sustainable development goals. In India, the adoption of EVs is likely to grow significantly with the increasing demand for clean energy sources. The government has plans to achieve a target of 30% electric vehicle adoption by 2030 powered primarily by electrification of twowheeler, three-wheeler, and commercial vehicles in India.

2021 has been a tipping point for the EV sector – new central government policies have been announced, FAME policy has been amended, ~18 states have announced their EV policies and 8 more are in the pipeline.

In 2022, we are witnessing a surge in investor interest across these 3 segments: EV manufacturing EV Infrastructure Battery & other key components manufacturing We as Invest India are seeing an investment pipeline worth ~ USD 4.5 Billion from an Auto/EV point of view and this number is only going to grow exponentially from here. From an ACC perspective, GoI plans to support cell manufacturers to the tune of up to 20% of cell price.

Additionally, several states are offering capital subsidies in state-level PLIs to such cell manufacturers. These kinds of incentives are extremely lucrative for any global manufacturer to consider India as a manufacturing base.

20 Auto OEMs selected by MHI in PLI Auto have committed an investment of approx. Rs 45000 crore (USD 6 Billion). So as per the scheme target, PLI Auto with a financial outlay of Rs 25,938 crore (USD 3+ billion) will lead to an incremental production of Rs 2,31,500 crore (USD 30+ Billion). Additionally, the PLI ACC tender got an incredible response and got oversubscribed by 260%. This Scheme is expected to drive investments over USD 6 Bn alone in the next 3-5 years.

| INDIA

Lastly, It's the right time for global recycling companies to enter the Indian market especially with PLI ACC getting an incredible response.

Most of these cell makers who kick start production in the next 18-24 months will have a sizeable volume of pre-production battery waste which will be raw material/feedstock to these recycling companies.

These cell makers can be potential JV partners for global recycling companies.

We are already seeing a good amount of traction from global recycling companies who are keenly observing the Indian market and the PLIACC activities. We are bullish on this industry and expect some major announcements on this front this year.

THE GOVERNMENT HAS PLANS TO ACHIEVE A TARGET OF 30% ELECTRIC VEHICLE ADOPTION BY 2030 POWERED PRIMARILY BY ELECTRIFICATION OF TWOWHEELER, THREE-WHEELER, AND COMMERCIAL VEHICLES IN INDIA."

FEB-MAR ISSUE 2022 | PG 27

PERSPECTIVE How Are Futuristic Technologies Creating Differentiation in The Perception Of the Automotive Market?

The economies and businesses today are greatly changing due to the development in emerging markets. The accelerated rise of new technologies, sustainability policies, and changing consumer preferences are bringing in a new era in every field. The automotive market will be no exception. The automotive industry is witnessing significant changes and it's right before our eyes! Almost every day we get to read or hear about an actual or future shake-up in the market with the emergence of new business models or value chains.

Technology has already redefined the way cars use fuel, with electric, hybrid, and solar energy systems in cars beginning to displace the internal combustion engine and fuel-fed engines as the driving force of the future. The usage intensity and service life of vehicles are expected to change dramatically as a result of electrification and sharing. The government is also giving high impetus to electrification and this will give the right boost to the EV market. Urban areas are expected to see the widespread proliferation of shared and electric vehicles. With newer technologies coming into the picture, mobility of the future will be much easier, more flexible, and more individual for users. With young and dynamic EV leaders spearheading the market, futuristic technologies are making their way deeper and are here to stay.

We asked some of the industry experts about their perspectives on how futuristic technologies are creating a differentiation in the perception of the Automotive Market and here is what they had to say…

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FEB-MAR ISSUE 2022 | PG 28

PERSPECTIVE MANOJ NAGESH DIRECTOR OF SALES AND BUSINESS DEVELOPMENT AT ANVATION LABS Experience does matter, it plays a critical role in decision making. The increasing demand for differentiated ownership experience will be the key driving force behind the huge growth in the coming years for the automotive industry across the globe. Consumer demand at the end of the day must be met. Automotive Industry is racing on a new path driven by Connectivity, sensors, security, personalization, and AI. Despite the pandemic, automotive sales have grown YoY, although still battling with the shortage of semiconductor chips. Users certainly expect to have the continuous update of the vehicle features on the same hardware platform to get a refreshed experience while improving the performance. Furthermore, driver-assist features not only save lives but also help them to improve the quality of driving. Advanced AI algorithms enable intelligent vehicles to take autonomous decisions for the safety of passengers. The growth is driven by many innovative disruptions in hardware as well as software, and the trend is expected to grow further. The market is open to adapting to such emerging technologies, enabling the opening of new markets for futuristic tech.

Compared to the traditional instrument cluster, the advanced instrument cluster does integrate various functionality like telemetry, analytics, connectivity, on-board-diagnostics, etc. Ultimately the instrument cluster grows into a complete vehicle computer. To enable these continuous improvements in processing power, ultra-low power consumption, Advanced analytics, connectivity, and many more are required in the hardware and software. The differentiation to the end customer is perceived mostly for the outcome of the software running on top of the underlying hardware. The market is evolving at a very high pace, to keep up the auto OEMs need to be able to push variousfeatures to their vehicle even post-sales. A user expects to get regular software upgrades to their vehicle like their mobile phones.

| INDIA

The innovation must happen with a focus on the safety and data security of the customer. Thereby providing continuous value addition to the loyal customers. Features like cyber security, personalization, driving profile memory, etc. may catch customers' eyes.

New generation customers expect platter, features to bring into their lifestyle. The inclusion of social media platforms in the automotive space is something new that has been sought after by different age groups of people. People are ready to shell out money for the experience they are getting. There is no hesitation to get an add-on feature from the online store and upgrade your vehicle.

Future certainly looks connected, from self to the world. Massive data coming from these vehicles for sure impacts in the positive direction to other businesses areas such as Insurance, banking, computing, shared mobility services.

THE MARKET IS EVOLVING AT A VERY HIGH PACE, TO KEEP UP THE AUTO OEMS NEED TO BE ABLE TO PUSH VARIOUS FEATURES TO THEIR VEHICLE EVEN POST-SALES. A USER EXPECTS TO GET REGULAR SOFTWARE UPGRADES TO THEIR VEHICLE LIKE THEIR MOBILE PHONES. THE INNOVATION MUST HAPPEN WITH A FOCUS ON THE SAFETY AND DATA SECURITY OF THE CUSTOMER."

FEB-MAR ISSUE 2022 | PG 29

PERSPECTIVE SAYANTAN CHAKRABORTI CEO, GOEGONETWORK

As we step into a period of rapid transformation, the automotive industry places its bets as it drives forward towards a sustainable and clean future with India leading the path globally, all set to raise bars as the third-largest passenger vehicle market by 2026.

The automobile industry is functioning under a massive disruptive change that is being guided by Electric Vehicles (EV). As a thorough EV enthusiast and founder of goEgoNetwork, I understand that consumers are now becoming more aware of their conscious choice of opting for hybrid vehicles or electric vehicles, which are being influenced majorly by lower emissions and vehicle operational costs.

The EV charging space is an important piece in the infrastructural future, an intent of critical need as a larger part of securing the needed communication from the charging station, which is placed outside the electric vehicle, as opposed to ICE vehicles.

Our company largely functions with a holistic solution of our network, services, and charging stations as we focus on reliability, safety, and technology which we have built ground up with our deep understanding of the challenges faced in an early market. We are currently focused on building a robust network of high-quality charging stations, which is our primary goal, and we take it very seriously as it differentiates us from the lot.

We are also observing various disruptive business models which are slowly but surely being dominated by a cultural mind shift of consumers who are replacing an ownership route with a subscription model for their personal mobility needs. This is being followed by a rising demand for virtual showrooms which requires deep engagement, essential to cater to a new generation of consumers accustomed to remote working. We are witnessing a forward-moving new generation of youth who are prioritizing experiential high-end offerings with exclusive access and sustainable usability over status symbols, which has redefined the role of luxury. goEgoNetwork will bring multiple offerings to its members in the near future to fill these gaps.

| INDIA

Automobile technology guarantees a diverse space for advancements which is being reflected in AI through autonomous driverless cars being integrated into vehicles, which have the capability to navigate roadways and manage traffic. As we move upwards and forward to level 4 of high driving automation from the current level 2 of partial driving, technology will make it easier, safer, and more intelligent by intercepting system failure. loT and voice commands, on the other hand, are taking the level of interaction between vehicle owners and their vehicles to a completely different level. The amalgamation of AI and loT will not only aid in road safety but will also cater to superior incabin experiences for the driver and the co-passengers.

The auto sector being one of the biggest employment sources in the world, technological advancements in this industry, create massive opportunities for people to be trained to adapt to these technologies and for companies in this space to ensure the certainty that their manpower to be ready for the new technology.

The Indian automobile industry is evolving with a 360-degree overview keeping in mind the need for sustainability in our fast-changing world.

The possibility of alternate fuels is being carried forward with the entry of electric cars and fuel cells, a push for renewable sources of power, and technological advancements leading to higher efficiencies in drivetrains and motors.

India is positioned as a challenger in a level playing ground for the advent of these future technologies by being a major contributor to the world with a large base of skilled engineers and an experienced bluecollar workforce. As a country today we are better positioned and at par with the world as a tech hub servicing global markets for the past decades.

With changing customer demands, an innovative mindset is a key to learning from continuous disruptions to accelerate the progress of digitalization in the automotive sector as we move forward to a new world of consumer behavior, electric vehicles, onboard sensors, new business models, trends, and innovations.

FEB-MAR ISSUE 2022 | PG 30

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ELECTRIC VEHICLES

MANUFACTURING WEEK AWARDS 2022

Top Honors & Recognition To The Pioneers In the Indian EV Industry

CORPORATES SHARE THEIR SUCCESS STORIES AT EMOBILITY+ LEADERSHIP AWARDS 2022

Awards do not only acknowledge success; they recognize many other qualities: ability, struggle, effort, and, above all, excellence. It is an acknowledgment of appreciation for your Team's hard work and dedication to achieve the milestone.

UNVEILING THE PROUD WINNERS:

Manufacturing Excellence: Manufacturing Excellence of the Year: Automation & Robotics (Battery Packs) - Jendamark, India Pvt Ltd The company has been providing innovative engineering solutions in the EV sector for the Assembly of Battery packs, Motors, Rotors, Inverters, and complete Drive trains. All these lines are with the latest industry 4.0 solutions to ensure process security, traceability, and data management on these lines. They have a unique blend of operational technology, manufacturing technology, and information technology all under one roof.

Manufacturing Excellence of the Year: Materials Epsilon Advanced Material Pvt Ltd. The company is a manufacturer of carbon-based anode materials for the global Lithium-Ion Battery industry. It is the only company in India that manufactures anode materials and also the only company outside China to offer both natural and synthetic anode materials. Currently, the company produces around 5 Tons of Synthetic Graphite in a pilot plant which will scale up to 40K Tons by 2025 and 150K tons by 2030 from an Indian plant.

Manufacturing Excellence of the Year: LCV - Euler Motors Private Limited It is India's most powerful light commercial vehicle with an Industry-leading load capacity of 688kgs ensuring more earnings & more savings. This EV has a powerful combination of the highest battery power (12.4 kWh) and certified range (151 KM) in a single charge. Designed uniquely for India, India, the company has six segment-first innovations in 3W cargo that are suited to deliver higher performance and longer life in the unpredictable Indian road and weather conditions.

Manufacturing Excellence of the Year: 3 Wheeler Kinetic Green The company is a pioneer in the 3wheeler manufacturing of electric vehicles focusing on the last mile-connectivity for people and goods. They have sold more than 50,000 electric vehicles to date and are the first one to get an ARAI-approved 3-wheeler in India. They were the first ones to get Lithium-Ion batteries in E-rickshaws resolving the higher charging time and maintenance costs caused by lead-acid batteries.

Manufacturing- Manufacturing Excellence of the Year: Automation & Robotics - Maestrotech Systems Pvt. Ltd. The company provides complete turnkey solutions for assembly lines. They have in-house engineering expertise in Mechanical Design, Electrical & Control Engineers, LabVIEW software developers, Project Management, etc. The company has developed in-house Automated Cell sorting machines, Spot welding machines, etc.

Supplier of the Year: Design & Modeling Materials Xlar Enterprises The company closely works with the Automotive industry and represents the suppliers in India: For Design/ modeling and prototyping. They are an exclusive supplier of Kolb design technology, Germany in India. Top automobile companies, EV companies and start-ups, OEMs, design studios, and industrial design institutes are their clients.

Manufacturing Excellence of the Year: Powertrain (3W) - Virya Mobility The company carries the major market share of the Indian 3W EV segment. It has Dispatched more than 6000 powertrain kits to major 3W OEMs like Piaggio, Omega Seiki, and Etrio.

The company has a manufacturing capacity of 5000 per annum and provides the one-stop solution for electric vehicles as it includes complete parts in the kit, as now they have supplied 6000+ kits in India.

Manufacturing Excellence of the Year: Powertrain (2W) - EMF Innovations Pte Ltd. The company is a specialist in electric motor design and manufacturing. With substantial R&D and manufacturing operations in India, the co. leverages Singapore's strong Power Electronics research base and India's extensive manufacturing ecosystem to deliver cost-effective and reliable electric motors and controllers for green mobility applications. To meet the growing demands of India’s EV industry, the co. has established one of India’s first BLDC hub motor manufacturing plants in Coimbatore, Tamil Nadu.

Manufacturing Excellence of the Year: Battery Ranjans Li-on Energy Private Limited The company incorporated in the year 2019 is built on years of experience of the core promoters and senior management team in the arena of E Mobility Solutions. The company aims to be the leader in the industry in terms of safety and quality in the cause of promoting portable green energy. In Spite of continuous lockdown and restrictions, the company has successfully dispatched 15,000+ battery packs to their clients pan India.

Technology & Innovation Excellence: Technology Excellence of the Year: Design and Modeling (3W) - TSUYO MANUFACTURING PVT LTD The company is make-in-India powertrain manufacturing and within one year of founding, they have already crossed 0.15 Million USD revenue. Its current capacity is to produce 5000 units per month. They are the Most adaptable and Affordable Design Powertrain Solutions and have Sustainable products with extended warranty provision.

Technology Excellence of the Year: Design and Modeling (2W) - NDS ECO MOTORS PRIVATE LIMITED The company’s products are high-powered Electric 2 wheelers with more than 72 Volts capacity. The company remains completely focused and works only on high-powered, highquality Electric vehicles. Their upcoming models are being built with a steady and rigid design, with the highest ground clearance, spacious boot space, safety ergonomics, and also suitable products for Smart Cities with IoT, CAN Bus protocol, Bluetooth connectivity, safety aspects, mobile app, etc.

Most Innovative EV of the Year - JBM Auto Limited The company's Bus Division made an entry into the low floor city bus market by launching its first product CityLife.The bus fleet is powered by Cummins 5.9L Engine and Automatic Transmission and boasted of many unique features like Uni – floor design on monocoque structure, Independent front suspension, Inverted portal axles, and all disk brakes. It was the first design center in a Bus Division in India to be recognized by the Department of Scientific & Industrial Research.

New-Generation EV of the Year: Autonomous Vehicle Virya Mobility The company’s new generation EV is the Autonomous Buggy, a Drive-by-Wire system comprising auto-braking and a navigation feature equipped with advanced LiDAR and vision technologies. The cart has an onboard computer, which is equipped with state-of-the-art AI and a deep learning engine to detect objects, lanes, and curbs for navigation. A rigorous blend of continuous innovation, implementation, and test cycles ensured a mature autonomous buggy technology and India’s First Autonomous Vehicle.

New Generation EV of the Year (3W) - Omega Seiki The company is fully committed to an all-electric future.

Keeping range anxiety at bay, its Rage+ Rapid EVs, consist of RapidX 6000 fast-charging batteries based on the flagship InstaCharge technology innovated by Log 9 Materials, which in turn enables the vehicles to get fully charged within 35 minutes, thereby making them the fastest-charging 3-wheelers available in India Currently.

To know more about our awards visit us at: https://solarquarter.com/studio/

COMPANY FEATURE FIMER today is a company that is 100 percent involved in sustainability and committed to Innovation and Customer centricity.

FIMER is a global leader in Solar Inverter Technology for solar systems and Emobility solutions.

With one of the broadest portfolios of solar and storage solutions for all solar applications, we shape the future of renewable energy. For us investing and working in the solar and e-mobility sectors is a strategic choice for building a better world to leave to future generations. We are committed to leveraging the energy playing field to serve growing demands with clean, affordable energy which truly benefits people and places.

FIMER is proudly “Made in Italy” with its headquarters and production plants located in Italy (for Global products) and India (for the local market). At FIMER, commitment to sustainability is our mission. We are working at zero impact global headquarters in Vimercate (Italy), with an installation of a 1MW system, highly sustainable materials, and the best technologies in the field of geothermal energy have been our practice so far.

Geographic distribution

Employees

Direct presence

+100 Countries

+1100

20+ Countries in 5 Continents

Production sites

Research centers

3

3

Global repair centers: 12 in 5 continents Active in EV charging: since 2017 R&D based in Italy, Production sites based in Italy & India.

Installed Capacity: 55GW+

A History of Growth The evolution of our brand reflects a history of growth.

Ambition for continuous growth, passion for innovation, and foresight is part of our tradition and so the small business founded in 1942 has become a leading global company in a future-oriented business.

In 2020 our identity has been significantly renewed, in line with an extraordinary moment of transformation.

Our DNA and our values are the same, but with the acquisition of ABB’s solar inverter business, FIMER has evolved into a new dimension and celebrates this occasion with a new visual brand appearance.

WE WORK EVERY DAY TO IMPROVE OUR SOLUTIONS, PROVIDING CUSTOMER SUPPORT AND DEVELOPING NEW TECHNOLOGIES THAT RESPOND BETTER AND BETTER TO THE CHALLENGES OF THE FUTURE."

FLEXA AC WALLBOX 7.4KW AT SG HIGHWAY, AHMEDABABD

| INDIA

FEB-MAR ISSUE 2022 | PG 34

COMPANY FEATURE Vision Our vision is to shape a new and powerful energy model that uses the power of the sun to drive progress and prosperity for a cleaner and sustainable world.

Mission As a global leader in solar inverter technology, we have the energy to make positive change happen. We are committed to leveraging the energy playing field to serve growing demands with clean, affordable energy which truly benefits people and places.

Business Goals & objectives FIMER is the right partner, with advanced solar and EVC solutions that can help drive your business forward. The powerful combination of agility and experience allows you to expand your offering and deliver bigger and better solar installations. With a high future focus on investment in R&D, service experience and company brand recognition, FIMER, as a European brand, will take a leading role in the solar inverter business and will help you make your business more successful and profitable.

FIMER today is a company that is 100 percent involved in sustainability and committed to Innovation and Customer centricity. We are now a strong player in the energy transition market with an ambition to come the solar sector’s technology leader. With our work, we want to enable our customers to successfully provide a greener and smarter energy solutions leading the way. We work every day to improve our solutions, providing customer support and developing new technologies that respond better and better to the challenges of the future. Thanks to the continuous evolution of our offer, our inverters guarantee such high yields that they produce more energy than the market average.

Preserving our leading position in the market, with an innovative approach, we offer highly reliable solutions, thanks to the continuous technological development of our portfolio carried out in R&D centers.

We place customers at the heart of our day-to-day work creating a unique collaborative relationship with unrivaled post-sales assistance.

Our FIMER FLEXA AC Wallbox, FIMER FLEXA AC Station and FIMER ELECTRA (Fast) DC Station, all easy to install, certified and customizable, cover today the different needs of the market.

To date, we have supplied more than 54,000 charging stations, both AC and DC, developed on specific needs of our Customers.

We are a tier-one Italian company and a leader in the industry. We are one of the European companies in the world involved in sustainability, renewable energy and electric mobility. FIMER has launched a new, upgraded aftersales portfolio for installers, providing an industryleading service package for its range of solutions across the utilityscale, C&I and residential markets.

New features include faster customer response and turnaround times, 24-hour shipment of parts, and full technical support for any retrofit, upgrades or on-site repairs. FIMER is also introducing a new easy-touse online ticketing system to make the process as simple and streamlined as possible, as well as offering installers the opportunity for online and on-site training, extended warranties, and a full post-service survey to ensure all of the project‘s objectives have been fulfilled.

Team & Management FIMER headquarters are based out of Vimercate, Italy. The organization is headed by Filippo Carzaniga, Operative Director. India operations are headed by KN Sreevatsa, Country Managing Director, based out of Bengaluru, Karnataka.

Customers & Projects FIMER has an installed base of > 55GW+ worldwide, spread across 100 countries. FIMER recently supplied its REACT2 Hybrid inverter and EV AC type charging station to the Indian Institute of Science (IISC) for a prestigious India-UK partnership under the Innovating for Clean Air (IFCA) program by Energy System Catapult, UK. From powering India’s biggest 750MW Solar REWA park to electrifying over 400 villas in Dubai, from solarizing airports in Africa to powering up energy projects in cold regions like Antarctica and Finland; from bringing in easy access to energy in smaller countries like Nepal to revolutionizing entertainment places like breweries in Australia--FIMER has touched the lives of a billion people across the world!

In the e-mobility sector, our research and development activities assure cutting-edge technologies to offer reliable and innovative solutions, that meet the growing needs of the market. We are shaking up the future of mobility, leading the way to a New Electric Era. In general, we will see a strong distinction between distributed energy and the centralized model and storage will be one of the stronger players in the market in the next year or so.

FIMER E-MOBILITY The electric mobility’s global market continues its unstoppable growth, both in terms of registrations of "hybrid" (PHEV) and "full-electric" (BEV) vehicles and, at the same time, the need to offer charging infrastructures is increasing.

Since 2017, we have been working with the main players in electric mobility, developing and manufacturing charging solutions for electrically powered vehicles, and we do so by listening to the needs of future generations of vehicles. We have developed platforms, both in DC and in AC, designed to meet the diverse needs of users, who are seeking solutions for private, public and commercial use.

CARPORT + FLEXA AC STATION 22 KW , DUBAI

| INDIA

FEB-MAR ISSUE 2022 | PG 35

COMPANY FEATURE Dassault Systèmes, Catalyst and Enabler of the Industry Renaissance for Sustainable Innovation Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress.

We provide businesses and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production. Dassault Systèmes brings value to more than 290,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com The 3DEXPERIENCE platform helps customers in many industries transform their business by changing the way people work and as a result significantly improving business outcomes. New Electric Vehicle innovators and global OEMs have many challenges in common. Competition has never been greater to converge new EV concepts, support early feasibility, engineer the highest battery performance and accelerate innovative vehicles to market, all while optimizing costs, quality and the customer experience in an extremely short time.

Electro-Mobility Accelerator solutions provide the industry-proven capabilities to germinate new EV vehicle ideas, explore regional options, virtually simulate and validate battery and drive train performance including power electronics, and ensure flexible, lean manufacturing, all on one secure, powerful platform. Global industry leaders have relied upon our 3DEXPERIENCE cloud-based applications to capture and assess social media intelligence, analyze market demand, then develop and deliver customer-preferred innovations to market, faster and more efficiently than their global competitors.

The unique challenge posed by the integration of new technologies (including LiDAR and other advanced sensing devices, batteries, new broadband antennas, electric drives and power electronics), along with the need to improve efficiency, calls for new solutions and applications that will better integrate engineering disciplines to help engineers look at vehicle performance in a new, more holistic way. Dassault Systèmes with its family of brands is tackling this very challenge with solutions and key technologies to design, evaluate and optimize EV in an interconnected, multidiscipline framework. Some benefits of Electro Mobility Accelerator are:

Accelerate optimal innovation Provide an all-in-one collaborative cloud (or on-premise) environment to imagine, create, design, simulate and deliver new mobility concepts and services.

Enable better productivity and save costs Track ideas from initial concept to customer delivery, with integrated governance to improve productivity and reduce development costs.

Create and validate better innovations Imagine more new innovative vehicle concepts and validate feasibility faster.

DASSAULT SYSTÈMES WITH ITS FAMILY OF BRANDS IS TACKLING THIS VERY CHALLENGE WITH SOLUTIONS AND KEY TECHNOLOGIES TO DESIGN, EVALUATE AND

Boost efficiencies and reduce the time-to-market cycle Deliver robust innovation with proven end-to-end engineering solutions to shorten time-to-market.

OPTIMIZE EV IN AN INTERCONNECTED, MULTIDISCIPLINE FRAMEWORK." | INDIA

FEB-MAR ISSUE 2022 | PG 36

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