PANINE

Problems with E-Rick, and Other EV Ecosystem

Lead Acid Battery Charging Time, New Vs. Old Major Problem with Lead Acid E-Ricks Batteries

Battery Related
6 Month Old 1. Long Charging Hours (13-17 Hours Per Day)

2. Short Battery Life (Replacement Cost of -16K every 6 months)

3 Month Old 3. High Maintenance Cost About -600/month with 2-4 days of down time)

Charging Related
New 4. Lack of Charging Infra (return to same charging station/home to recharge)

Tracking Related
5. Inaccurate Tracking of Available Charge (No Off-Route or Long Distance Fares)

Problem with Lithium Battery Powered 2W,3W

High Battery Cost (Replacement Cost Anxiety)
All Lithium Batteries are Not Same
Lead Acid Batteries PANINE(PECE)
What We Do

Panine is creating an Fast, Efficient Pay-As-You-Go, operating ecosystem for EVs

• Creating a Pay-As-You-Go Ecosystem (EV Owner, E-Rick OEMs, EV Charging Stations)

• Develop & Deploy Proprietary Lithium Battery System (Fast Charging Battery + BMS
+ Firmware + SaaS Platform + Charging Hardware)
• Record & Use real-time data to track, monitor and improve EV driver s owner s
experience and product
Solution - PANINE ELECTROMOBILITY CHARGING ECOSYSTEM

PECE is centrally monitored, decentralized EV Centralized Data Collection, Tracking,

Control and Payment Platform
Lithium Batteries and Charging Partners Network Solves Problem 5

Proprietary BMS + Firmware + Fast Chargers with

Fast Charging, Long life lithium Centralized Control
Batteries
Solves Problem 1
Solves Problem 1,2,3 & 5

Major Problem with Lead Acid E-Ricks Batteries

Battery Related

1. Long Charging Hours (13-17 Hours Per Day) Decentralized Hub & Spoke
2. Short Battery Life (Replacement Cost of -16K every 6 months) Charging Network
3. High Maintenance Cost About -600/month with 2-4 days of down time)
Solves Problem 4
Charging Related

4. Lack of Charging Infra (return to same charging station/home to recharge)

Tracking Related

5. Inaccurate Tracking of Available Charge (No Off-Route or Long Distance Fares)

Progress So Far

1. Proof of Concept of Pay-As-You-Go service

2. 1,00,000+ Km covered with 3,000+ Hours of charging done with 13 Users pre-covid

3. Expecting another users to onboard by end of Jul in next days

4. Breaking Even on Current Operations

Value Addition

• Accurate Range Tracking Eliminates Range Anxiety

• Potential of Additional 6hrs/day on road - Opportunity to earn additional 600-800/day
to E-Rick Drivers • No Battery Replacement Cost Ever
• Charging Across the Network Possibility to take longer Fares

• 40%-50% lesser New Vehicle Cost (Lower upfront cost for E-Rick Owner )
to OEMs • New Channel of Sales through Charging Partners
• Saves R&D cost

• 50% lesser Electricity Consumption (Vis-à-vis Lead Acid Battery)

to Charging Stations • Easy Monitoring
• New Revenue Stream
Products/Service Plans
Panine will be building a host of product and services to build holistic financial ecosystem around Users and EVs

Operational Future Plans

Battery Leasing Vehicle Insurance

Charging Premium AMC

New Vehicle Sales

Health Insurance

Personal Credit
Team - Founders

Sachin Kumar Nitesh Pandey

Co-Founder & CEO Co-Founder & COO
( IIT-Bombay ) ( NMIMS )

• Electrical Engineering, IIT Bombay • PGDM, NMIMS Mumbai

• 7 Years of Experience in Lithium Batteries,
BMS, Hardware, Ecommerce and
Intelligence Marketplace
• Founder of illumind, a clean energy
products venture
• Extensive working experience with BMS
and lithium Batteries
• 6 Years of Experience in Technology
Sales and customer relations
• Co-Founder 3M, Sports entertainment
venture
• Prior work experience at VMWare,
Cognizant, Infosys
Indian E-Rick User Operating Cost vs. Revenue
Lead Acid Battery, Cost vs. Income PECE, Cost vs. Income #, ##

Battery Down Payment

77% increase in Avg.
Avg. Daily Income on LA Daily income

34% Lesser Avg. Daily operating

5% cost

1
14
27
40
53
66
79
92
1 180 364

105
118
131
144
157
170
183
196
209
222
235
248
261
274
287
300
313
326
339
352
Maint Battery DP Battery EMI Avg. Max Daily Cost Rev
Repair Charging Min Charging Max Avg. Min Daily Operating Cost
Rev Operating Cost

# Panine PECE, reduces daily operating costs along between 5% to 34%

## Panine PECE ensures consistent performance along with eliminating the uncertainty in daily charge availability because of
battery or charger malfunctioning
Indian E-Rick Charging Services Market

*Source: Economic Times 26/8/18

E-Rick Lead Acid Battery, Charging services market size

0.00

0.00

50.00
35.2
40.00

30.00
25.

INR 1000 Cr
1 . 0
20.00
2 .5
10.00 20.24
14. 2
-
FY'18 FY'19 FY'20

Min. Estimated Market Max Estimated Market

*Market size estimation is based on minimum & maximum daily operating costs
User acquisition Channels
Inbound User

User to User

Distributor to User

Partner to User

OEM to User
 Competition
• Lead Acid batteries by Organized
manufacturers like Exide, Liv-guard etc. as well
as unorganized players offering low cost
batteries
• Ola Electric, Sun mobility
• PANASONIC NYMBUS A charging service by
Panasonic
Competitive Advantage
• Proprietary Technology, Product & User Data
• Longer asset life
• Lower cost to users (pay/use)
• Focused customer targeting due to
understanding of user behavior across
geographies
• Leveraging User Behavior and Product
performance data to improve the product &
service
Contacts

Thank You

Sachin Kumar Nitesh Pandey

sachin@panine.in nitesh@panine.in
+91-9930206093 +91-9930903037